Northern Arc Capital Limited IPO
Northern Arc Capital Limited was a mainboard IPO, offered at ₹249–₹263 per share to raise ₹777 crore. The issue was subscribed 110.91× overall (QIBs 240.79×, NIIs 142.41×, retail 31.08×). It listed on 24 Sep 2024 and closed its first day at ₹323, a listing gain of +23.0% versus the ₹263 issue price. It now trades around ₹253 (-3.9% versus the issue price).
Frequently asked questions
- How many times was the Northern Arc Capital Limited IPO subscribed?
- The Northern Arc Capital Limited IPO was subscribed 110.91× overall — 240.79× in the QIB category, 142.41× among non-institutional investors, 31.08× in retail.
- What were the Northern Arc Capital Limited IPO listing gains?
- Northern Arc Capital Limited listed on 24 Sep 2024, closing its first day at ₹323 — a listing gain of +23.0% versus the ₹263 issue price.
- What were the retail allotment odds for the Northern Arc Capital Limited IPO?
- Retail was subscribed 31.08×, so a single-lot application had roughly a 3.2% chance of allotment (about 1 in 31), and allotment was finalised on 20 Sep 2024.
- What was the price band and lot size of the Northern Arc Capital Limited IPO?
- The price band was ₹249–₹263 per share, with a minimum lot of 57 shares (₹14,991 at the upper band).
- Who were the registrar and lead manager for the Northern Arc Capital Limited IPO?
- KFin Technologies Limited was the registrar to the issue.