- By Aditya Pratap Singh
- Fri, 20 Sep 2024 05:13 PM (IST)
- Source:JND
Northern Arc IPO Allotment Status: Northern Arc Capital IPO Allotment is schedule to be finalised today. Meanwhile, Investors who have placed bids for the Northern Arc Capital public issue can check the allotment status on the website of the Bombay Stock Exchange (BSE) and the website of the IPO registrar KFin Technologies.
Steps to check Northern Arc IPO Allotment Status-BSE
- You need to visit https://www.bseindia.com/investors/appli_check.aspx
- Next, find 'Issue Type' on the home page, and click Equity
- You will have names, select Northern Arc Capital Limited in the Dropbox
- Next, you will have to enter the application number and PAN Card Details
- Click on 'I am not a Robot' and submit
- You will have IPO allotment details on your screen
How to check Northern Arc IPO allotment status- Kfin Technologies website
- Visit the official portal of KFin Technologies Limited
- Select the IPO Northern Arc IPO from the Dropbox menu
- Next, You need to select one of three types - Demat Account Number, Application Number, or PAN ID
- Then You need to select the application type
- Enter the details of Either your Demat Account, Application Number, or PAN ID
- Fill the captcha properly for safety
- Click on the search button and you will have the details
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Northern Arch IPO Details
Northern Arch Capital’s IPO was open for subscription between September September 16 to September 19. The company offered shares in a lot size of 57 shares at a fixed price band of Rs 249-263 per share. Northern Arc raised around Rs 777 crore through its initial offering, which included a fresh share sale of Rs 500 crore and rest as offer for sa.
Northern Arch Capital IPO Subscription Status
- The issue was subscribed robustly 110.91 times overall.
- The quota of qualified institutional bidders (QIBs) subscribed 240.79 times
The non-institutional investors sector subscribed 142.41 times.
The section reserved for employees and retail investors witnessed bidding 31.08 times
Northern Arch IPO GMP Today
Following a strong bid for the issue, the company commanded a premium of Rs 128-130 per share, which indicates a listing pop of around 50 per cent for investors. However, it was around Rs 200 each, when the issue was opened for subscription.