Northern Arc Capital Limited IPO
Company Overview
Founded in 2009, Northern Arc Capital Limited is a prominent player in India's retail lending sector, providing loans to underserved households and businesses. As of March 31, 2024, the company has facilitated financing worth over ₹1.73 trillion, positively impacting more than 101.82 million people across the country. Diversified Business Model Northern Arc Capital’s business model spans across various sectors, products, geographies, and borrower categories. The company has expertise in several key areas:
MSME Finance: Over 14 years of experience.
Microfinance (MFI): 15 years of expertise.
Consumer Finance: Active in this sector for 9 years.
Other Focus Areas: Vehicle finance, affordable housing finance, and agriculture finance.
Technology-Driven Solutions Northern Arc leverages its proprietary technology suite, customized to multiple sectors, including:
Nimbus: A curated debt platform for processing debt transactions.
nPOS: A co-lending and co-origination platform powered by APIs.
Nu Score: An AI-driven loan underwriting module to assist originator partners.
AltiFi: A retail debt investment platform.
Objective of the Issue The primary objective of the IPO is to raise capital for onward lending and to meet the company's future capital requirements.
Northern Arc Capital IPO Details
IPO Dates: 16 to 19 September, 2024
Price Band: ₹249 to ₹263 per share
Lot Size: 57 shares
Total Issue Size: ₹777 Crores
Retail Quota: 35%
GMP: 50% (for informational purposes only)
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