Northern Arc Capital IPO Allotment Likely on Sept 20: How to Check Status Online September 20, 2024 MSME Sampark IPO News 0 The Northern Arc Capital IPO received massive demand, closing on September 19 with overwhelming subscription numbers. As investors eagerly await the share allotment, the company is set to finalize the IPO allotment status on Friday, September 20. The IPO was subscribed nearly 111 times, with bids for 238.22 crore shares against the 2.14 lakh shares on offer. The retail portion was subscribed 31.08 times, while non-institutional investors (NIIs) booked their quota 142.41 times. Qualified institutional buyers (QIBs) showed strong interest, with their category subscribed 240.79 times, according to NSE data. Investors can check the Northern Arc Capital IPO allotment status via the BSE, NSE, and the issue registrar Kfin Technologies Limited. Below are the steps to check the status online: How to Check Allotment Status on the BSE Website: Visit the BSE website. Navigate to the Application Status section. Select “Equity” under Issue Type. Choose Northern Arc Capital Limited from the dropdown. Enter your PAN or IPO application number. Click on “Search” to view the allotment status. How to Check Allotment Status on Kfin Technologies: Go to the Kfin Technologies website. Click on Investor Services. Select Public Issues. Choose Northern Arc Capital Limited from the list of IPOs. Pick an identifier (PAN, Application Number, DP/Client ID, or Account Number/IFSC). Enter the required details. Click Submit to check your status. Investors can also check the allotment details via the NSE website using their PAN or Application Number. The ₹777-crore IPO of Northern Arc Capital Ltd. included a fresh issue of 1.9 crore shares and an offer-for-sale (OFS) of 1.05 crore shares. The price band for the IPO was set at ₹249-263 per share. The IPO was open for subscription from September 16 and is expected to list on both NSE and BSE on September 24. The company plans to use the IPO proceeds to support its future capital needs, particularly for onward lending. Northern Arc Capital Limited, founded in 2009, specializes in providing retail loans to underserved households and businesses across India. The company has facilitated over ₹1.73 lakh crore in financing and serves more than 10 crore customers as of March 31, 2024. The company focuses on sectors such as MSME finance, microfinance, and consumer finance, contributing significantly to India’s financial inclusion efforts. Disclaimer: The information provided in this article is based on updates and reports gathered from various internet sources. Every effort has been made to ensure accuracy and reliability. We encourage readers to verify the details independently. Popular Articles Msme News A.P. Chambers and ICC Partner to Strengthen MSME Sector and Global Market Linkages Msme News Political Parties Look at MSME Sector as Vote Bank Msme News Cabinet Approves Integrated Energy, MSME, and Food Processing Policies Msme News Delhi High Court: MSMEs Can Claim Benefits Mid-Contract Under MSMED Act Msme News Bridging Communication Gap: Atul Kumar, CEO at PhysicsWallah Msme News Andhra Pradesh to Provide ₹100 Crore Credit Guarantee for MSMEs IPO News Manba Finance IPO Details: Key Points to Know Msme News Over 75,000 MSMEs Shut Down Since COVID, Government Plans Credit Support Msme News MSME Bank Credit Jumps 14% in Priority Lending in August: RBI Data Msme News Goa’s First MSME Maritime Cluster Receives Fresh Momentum with New Tenders
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