NORTHERN ARC CAPITAL LIMITED

IPO Details

Northern Arc Capital IPO is open for subscription starting Friday, Sep 16, 2024 and closing on Wednesday, Sep 19, 2024. The price of this upcoming IPO is decided at Rs 249 to Rs 263 per share. The minimum lot size for the retail category is 57 shares. The minimum lot size for small NII is 14 lots consisting of 798 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 3,819 shares. The minimum investment required for retail category investors is Rs 14,934 (262 x 57 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,874 (263 x 798 shares) for big non-institutional investors, it is Rs 10,04,397 (263 x 3,819 shares). Northern Arc Capital IPO is a book-built issue of Rs 777 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1.9 crore equity shares amounting to Rs 500 crores. The offer-for-sale is of 1.05 crore equity shares amounting to Rs 277 crores. The allotment for this IPO is expected to be finalised on Friday, September 20, 2024. Northern Arc Capital Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Tuesday, September 24, 2024. ICICI Securities Ltd, Axis Bank Ltd and Citigroup Global Markets India Private Ltd are the book-running lead managers of Northern Arc Capital Limited. Kfin Technologies Private Limited is the registrar for this new IPO.