Northern Arc Capital Limited
Sep 16, 2024 - Sep 19, 2024
Northern Arc Capital Limited IPO Details
Mainline
Status
listed
Issue Price
₹249.00 - ₹263.00
Lot Size
57 Shares
Subscription
117.19 times
Listing Price
₹350.00 (33.08%)
Face Value
₹10 Per share
Issue Size
Approx ₹777 Cr
Fresh Issue
Approx ₹500 Cr
Total Shares Offered
Approx ₹277 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Kfin Technologies Limited
NSE Code
NORTHARC
BSE Code
544260
IPO Tentative Timetable
Open Date
Mon Sep 16 2024
Close Date
Thu Sep 19 2024
Allotment Date
Fri Sep 20 2024
Refunds Initiation
Mon Sep 23 2024
Demat Transfer
Mon Sep 23 2024
Listing Date
Tue Sep 24 2024
Valuation
Earning Per Share (EPS)
₹34.61
Price/Earning P/E Ratio
-
Return on Net Worth (RoNW)
13.32%
Net Asset Value (NAV)
₹177.06
Promoters
Pre issue Share Holding
-
Post issue Share Holding
-
Company Promoters
- -
Lead Managers
ICICI Securities Limited
Axis Bank Limited
Citigroup Global Markets India Private Limited
Live Subscription
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Sep 16, 2024 | 0.02 | 4.66 | 4.09 | 3.08 |
| Sep 17, 2024 | 0.20 | 22.55 | 11.32 | 10.61 |
| Sep 18, 2024 | 0.32 | 52.83 | 19.93 | 21.51 |
| Sep 19, 2024 | 242.73 | 147.58 | 32.01 | 117.19 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 57 | ₹14,991 |
| Retail (Max) | 13 | 741 | ₹194,883 |
| S-HNI (Min) | 14 | 798 | ₹209,874 |
| S-HNI (Max) | 66 | 3,762 | ₹989,406 |
| B-HNI (Min) | 67 | 3,819 | ₹1,004,397 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 3.9 |
| RoNW | 13.32% |
| P/BV | 1.49 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 87,02,031 (30%) | NA |
| QIB Shares Offered | 58,01,354 (20%) | NA |
| NII (HNI) Shares Offered | 43,51,016 (15%) | |
| bNII > ₹10L | 29,00,678 (10%) | 3,634 |
| sNII < ₹10L | 14,50,338 (5%) | 1,817 |
| Retail Shares Offered | 1,01,52,384 (35%) | 1,78,112 |
| Total Shares Offered | 2,90,06,785 (100%) |
Company Financial
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 11,707.66 | 9,371.57 | 7,974.12 |
| Revenue | 1,906.03 | 1,311.2 | 916.55 |
| Profit After Tax | 317.69 | 242.21 | 181.94 |
| Net Worth | 2,314.35 | 1,955.39 | 1,739.04 |
| Reserves and Surplus | 2,123.37 | 1,784.22 | 1,555.3 |
| Total Borrowing | 9,047.76 | 7,034.57 | 5,982.96 |
About Company
Northern Arc Capital Limited, founded in 2009, provides retail loans to underserved households and businesses in India. The company’s business model is diversified across various offerings, sectors, products, geographies, and borrower segments. As of March 31, 2024, Northern Arc Capital has facilitated financing of over ₹1.73 trillion, reaching more than 101.82 million people across the country.
The company has built expertise in several key sectors, particularly in micro, small, and medium enterprise (MSME) finance, microfinance (MFI), consumer finance, vehicle finance, affordable housing, and agricultural finance. With over 14 years in MSME finance, 15 years in MFI finance, and 9 years in consumer finance, the company plays a significant role in these areas.
Northern Arc Capital serves the retail lending market through a multi-channel approach, which includes:
1. Lending: Providing financing from its balance sheet to originator partners through loans or debt investments to enable on-lending to retail customers (Intermediate Retail Lending), as well as directly offering loans to underserved households and businesses (Direct-to-Customer Lending) in partnership with retail lenders or through its branch network. This supports rural finance and MSME loans, with a total asset under management (AUM) of ₹117,100.19 million across 671 districts, 28 states, and seven union territories as of March 31, 2024.
2. Placements: Facilitating loans to originator partners through various financial products, with an AUM of ₹1,019,038.92 million as of March 31, 2024.
3. Fund Management: Managing debenture funds and providing portfolio management services with a total volume of ₹120,785.58 million across 10 alternative investment funds (AIFs) and three portfolio management service (PMS) funds as of March 31, 2024.
The company also offers a comprehensive, sector-specific technology suite, featuring an in-house technology stack that includes:
- Nimbus, a curated debt platform for end-to-end debt transaction processing.
- nPOS, an API-based co-lending and co-origination solution.
- Nu Score, a machine learning-based analytical tool to assist originator partners in loan underwriting.
- AltiFi, an alternative retail debt investment platform.
As of March 31, 2024, Northern Arc Capital employed 2,695 permanent staff.
The company has built expertise in several key sectors, particularly in micro, small, and medium enterprise (MSME) finance, microfinance (MFI), consumer finance, vehicle finance, affordable housing, and agricultural finance. With over 14 years in MSME finance, 15 years in MFI finance, and 9 years in consumer finance, the company plays a significant role in these areas.
Northern Arc Capital serves the retail lending market through a multi-channel approach, which includes:
1. Lending: Providing financing from its balance sheet to originator partners through loans or debt investments to enable on-lending to retail customers (Intermediate Retail Lending), as well as directly offering loans to underserved households and businesses (Direct-to-Customer Lending) in partnership with retail lenders or through its branch network. This supports rural finance and MSME loans, with a total asset under management (AUM) of ₹117,100.19 million across 671 districts, 28 states, and seven union territories as of March 31, 2024.
2. Placements: Facilitating loans to originator partners through various financial products, with an AUM of ₹1,019,038.92 million as of March 31, 2024.
3. Fund Management: Managing debenture funds and providing portfolio management services with a total volume of ₹120,785.58 million across 10 alternative investment funds (AIFs) and three portfolio management service (PMS) funds as of March 31, 2024.
The company also offers a comprehensive, sector-specific technology suite, featuring an in-house technology stack that includes:
- Nimbus, a curated debt platform for end-to-end debt transaction processing.
- nPOS, an API-based co-lending and co-origination solution.
- Nu Score, a machine learning-based analytical tool to assist originator partners in loan underwriting.
- AltiFi, an alternative retail debt investment platform.
As of March 31, 2024, Northern Arc Capital employed 2,695 permanent staff.
Company Contact
northern arc capital limited no. 1, kanagam village 10th floor, 10th floor, iitm research park taramani, chennai - 600 113
Phone: +91 44 6668 7000
Email: investors@northernarc.com
Website: http://www.northernarc.com/
Registrar Contact
kfin technologies limited
Phone: 04067162222, 04079611000
Email: nacl.ipo@kfintech.com