Today numerous IPOs are finalizing their allotment of their share and Northern Arc Capital IPO is one of them. The Northern Arc Capital IPO is one of the most talked-about IPOs this week. It was opened for subscription from Monday, September 16, 2024, to Thursday, September 19, 2024. Meanwhile, Northern Arc Capital IPO witnessed an overwhelming response from the investors, resulting in being oversubscribed 110.71 times. As millions of people have been eagerly waiting for the allotment status and scrounging to check their status if they are the lucky ones who were selected, we have suggested the easiest method to check the status of subscribers’ applications. Along with the allotment status of Northern Arc Capital IPO, the enthusiasts will also get an overview of the IPO including its GMP and market trend. Be sticky with this page and go through the article to the end. Swipe down the page.
Overview Of Northern Arc Capital IPO
The applicants who subscribed to the Northern Arc Capital IPO, are eligible to check the status online on Kfin Technologies Ltd’s official website. The Northern Arc Capital IPO is scheduled to be listed on both BSE and NSE on Tuesday, September 24, 2024. Ahead of the listing of Northern Arc Capital IPO, the investors should take a look at the current GMP premium of this company. For the unversed, it is a non-banking finance company that is aiming to raise the fund of Rs 777 crore through its book issue of 2.14 crore shares. Northern Arc Capital set the price band of its share in the Initial Public Offering between the range of Rs 249 and Rs 263 per equity share.
Northern Arc Capital IPO Subscription
As mentioned, the Northern Arc Capital IPO was oversubscribed 110.71 times, it was subscribed 240.79 times by Qualified Institutional Buyers (QIBs), 142.41 times by Non-Institutional Investors (NIIs), 31.08 times by Retail Individual Investors (RIIs), 7.33 times by Reserved for employees. In the grey market, the shares of Northern Arc Capital are trading at an impressive premium of Rs 128, indicating that the listing price of Northern Arc Capital shares is around Rs 391 on NSE and BSE. The investors can expect a return of 48.67 percent on its listing. The applicants will be accepted and credited with the shares of Northern Arc Capital in their Demat accounts. As mentioned, Northern Arc Capital IPO shares will be listed on the stock exchange on Tuesday, September 24, 2024, making traders accessible to trade in it for the first time.
- Qualified Institutional Buyers: Subscribed 240.79x
- Non-Institutional Investors: Subscribed 142.41x
- Retail Individual Investors: Subscribed 31.08x
- Reserved for employees: Subscribed 7.33x
How To Check the Allotment Status Of Northern Arc Capital IPO?
As mentioned, Northern Arc Capital IPO’s registrar is Kfin Technologies Ltd, the applicants can check their allotment status on its official website. First, go to the website of Kfin Technologies and select “Northern Arc Capital Ltd” in the dropdown menu. The applicant will be asked to enter his PAN number or application number before submitting the form to check the allotment status. The other option to check the allotment status is through BSE’s official website where you need to go to the investors’ section and enter the “Status of Issue Application” and then proceed with “Application Status Check”. The next step is to select the equity issue type and choose Northern Arc Capital Ltd. Enter your PAN number or application number to check if your application was accepted or rejected.
Latest GMP Premium Of Northern Arc Capital IPO
Today, Northern Arc Capital IPO GMP is Rs 128 higher than its issue share price. Considering the current GMP premium of Northern Arc Capital IPO, the anticipated listing price of its share would be Rs 391 per share, giving a premium of 48.67 percent on the issue price of Rs 263. For the unversed, GMP suggests investors’ eagerness to pay more than the issue price. Stay tuned to this website for more details and further updates.
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