NBFC/Impact Finance - Listed on 24 September 2024
Northern Arc Capital (NBFC/Impact Finance) closed its IPO window in 2024 and listed on NSE and BSE on 24 September 2024 at an upper band issue price of Rs 263, opening at Rs 350 for a listing gain of +33.1% and closing day one at Rs 323.4 (+23.0% on closing basis). The IPO was subscribed 110.91x overall - QIB 240.79x, HNI/NII 142.41x, Retail 31.08x. The total issue size was Rs 777 Cr (Fresh Issue Rs 500 Cr, OFS Rs 277 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
NBFC/Impact Finance
Northern Arc Capital operates in the NBFC/Impact Finance space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Northern Arc Capital issue was offered at an upper price of Rs 263 and raised approximately Rs 777 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 150 | +60.84% |
| Day 2 | Rs 150 | +62.74% |
| Day 3 | Rs 150 | +62.74% |
| Day 4 | Rs 165 | +68.44% |
| Day 5 | Rs 180 | +76.05% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Northern Arc Capital IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Northern Arc Capital IPO listed at +33.1% versus the upper issue price of Rs 263 on 24 September 2024.
Northern Arc Capital IPO was subscribed 110.91x overall. QIB portion was subscribed 240.79x, HNI / NII 142.41x and Retail 31.08x.
IPO GMP started at Rs 150 on Day 1 and moved to Rs 180 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.