Northern Arc Share Price:  Shares of Northern Arc Capital listed on the exchanges at a premium of 33.5% on Tuesday. The stock debuted at Rs 351 on the BSE and Rs 350 on the NSE with an issue price of Rs 263.

The initial public offering (IPO) of NBFC leader Northern Arc received an impressive response, with a subscription rate of 117.19 times. Northern Arch Capital's IPO was open for subscription between September 16 and September 19. The company offered a lot size of 57 shares in the fixed price band of Rs 249-263 per share.

Northern Arc IPO Details

The issue size comprises a fresh issue of equity shares worth Rs 500 crore and an offer for sale (OFS) of 1,05,32,320 equity shares worth Rs 277 crore at the upper end of the price band. This takes the total issue size to Rs 777 crore. Those offering shares through OFS are Leapfrog Financial Inclusion India (II) Limited, Action Africa-Asia Investment Company, Eight Roads Investments Mauritius II Limited, Sumitomo Mitsui Banking Corporation, 360 One Special Opportunities Fund (formerly IIFL Special Opportunities Fund). and trusts.

Northern Arc is a leading player among diversified NBFCs in the country, with business models that vary across offerings, sectors, products, geographies, and borrower segments. It provides credit access to underserved households and businesses directly and indirectly through Originator Partners.

Northern Arch Capital IPO Subscription Status

- The issue was subscribed 110.91 times overall.
- The quota of Qualified Institutional Bidders (QIB) has been subscribed 240.79 times
The non-institutional investor category subscribed 142.41 times.
The segment reserved for employees and retail investors saw bids 31.08 times

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