Last Updated on September 21, 2024 by Wenivesh Team
Northern Arc Capital recently launched its Initial Public Offering (IPO), creating buzz in the financial markets. Investors are curious about its performance and the company’s Grey Market Premium (GMP). In this blog, we’ll dive into the Northern Arc Capital IPO GMP today, the company’s financials, subscription status, and more.
Northern Arc Capital IPO GMP Today
The Northern Arc Capital IPO GMP today is ₹160 as of September 21, 2024. This means the grey market expects the shares to list at around ₹423, a 60.84% premium over the upper end of the IPO price band, which was ₹263 per share. Although GMP is not an official indicator, it often reflects investor sentiment towards the IPO.
| Date | GMP | Expected Listing Price | Percentage Gain |
|---|---|---|---|
| September 21, 2024 | ₹160 | ₹423 | 60.84% |
It’s important to note that the GMP is speculative and not a guaranteed figure.
Northern Arc Capital IPO Subscription Status
The Northern Arc Capital IPO opened for subscription from September 16 to September 19, 2024. By the end of the bidding process, it was heavily subscribed, with an overall subscription of 111 times. Here’s the breakdown of the subscription status across different categories:
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers (QIBs) | 6.3 times |
| Non-Institutional Investors (NIIs) | 84.8 times |
| Retail Individual Investors (RIIs) | 24 times |
| Employees | 4.72 times |
The high subscription figures show strong investor interest in Northern Arc Capital’s growth potential.
IPO Details and Listing Date
The Northern Arc Capital IPO had a price band of ₹249 to ₹263 per share. The total IPO size was ₹776 crore, including a fresh issue of ₹500 crore and an offer for sale of ₹276 crore. The shares are expected to list on the BSE and NSE on September 27, 2024.
| IPO Dates | September 16 – September 19, 2024 |
|---|---|
| Price Band | ₹249 – ₹263 |
| Total Issue Size | ₹776 crore |
| Fresh Issue | ₹500 crore |
| Offer for Sale | ₹276 crore |
| Listing Date | September 27, 2024 |
Northern Arc Capital Financials
Northern Arc Capital has demonstrated strong financial growth in recent years. The company reported an Assets Under Management (AUM) of over ₹10,000 crore as of September 2023. Here’s a snapshot of the company’s financial performance:
| Financial Metric | FY23 | FY24 (Projected) |
|---|---|---|
| Net Interest Income (NII) | ₹986 crore | 67% increase |
| Net Profit | ₹318 crore | 31% increase |
| Gross Non-Performing Assets (GNPA) | 0.45% | |
| Net Non-Performing Assets (NNPA) | 0.08% |
The company has shown a consistent increase in revenue and profits, making it an attractive prospect for investors.
Conclusion: Northern Arc Capital IPO GMP Today and Beyond
The Northern Arc Capital IPO GMP today stands at ₹160, reflecting positive investor sentiment. With solid financials and strong market interest, Northern Arc Capital appears to be a promising investment opportunity. However, it’s essential to consider the company’s long-term growth potential beyond the grey market speculation. The subscription rates and robust financial performance indicate that Northern Arc Capital is well-positioned in the financial services sector.
Keep an eye on the Northern Arc Capital IPO GMP today for updated figures and make an informed decision based on the company’s fundamentals.
Hope this blog On Northern Arc Capital IPO has been informative and insightful.
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