Last week several IPOs were opened and Northern Arc Capital IPO was one of them. Further categorized, Northern Arc Capital was one of the IPOs that received an overwhelming response from the investors during this phase. In the wake of unprecedented response from the investors during the IPO period, it is now being expected and speculated that Northern Arc Capital shares would be listed at an impressive premium. Ahead of Northern Arc Capital stock’s entry into the stock market, the investors are only speculating what premium they would get on its first trading day. Considering the market sentiment, demand, and GMP indicators, the market experts and analysts have predicted the listing gain percentage of Northern Arc Capital shares. In case, you are also scrambling to the web regarding the gain percent offered by Northern Arc Capital shares on the first day, then this article is for you. Here we have shared all the imperative details that you need to know. Swipe down the page.
Northern Arc Capital IPO Overview
The initial public offering of Northern Arc Capital opened for subscription on September 16 and closed on September 19. During this period, the Northern Arc Capital IPO remained the first choice of the investors to invest their money. The price band of the IPO was set with a minimum per-share price of Rs 249 and a maximum per-share price of Rs 263. The minimum sum of money was required to invest in the Northern Arc Capital IPO was Rs 14,991 for one lot consisting of 57 shares. The company issued a total number of 1.05 crore shares for sale to raise a fund of Rs 777 crore including Rs 500 crore from the fresh issue and an offer for sale.
- IPO Open Date: September 16
- IPO Close Date: September 19
- Allotment of Shares: September 20
- Listing Date: September 24
- Price Band: Rs 249-263
- Minimum Investment: Rs 14,991
- Lot Size: 57 shares
Northern Arc Capital IPO Subscription and GMP
During the subscription period of Northern Arc Capital IPO, it remained the first choice of investors, among various IPOs announced at the same time. In the wake of an overwhelming response from the investors throughout the four days, the overall subscription rate of Northern Arc Capital had reached 110.91x by the closing time. The Non-Institutional Investors and Qualified Institutional Buyers contributed majorly as they subscribed to 142.41x and 240.79x respectively. The retail investors also showed a great interest in it and subscribed it to 31.08 times. The overall subscription rate of 110.91x hints at the strong market confidence in the business model of Northern Arc Capital.
As a result of the outstanding subscription rate, the grey market premium was also estimated to be quite profitable. The latest GMP trend of Northern Arc Capital shows that its share will be listed at the price of Rs 407 on BSE and NSE, offering a profit of Rs 144. The GMP premium suggests that the listing price of Northern Arc Capital shares will be 55 percent higher than the upper end of the issue price. It should also be noted that the GMP has been fluctuating over the past few days as it was Rs 178 earlier.
Northern Arc Capital Listing Share Price
The GMP premium of Northern Arc Capital hints that the listing price of the company’s shares would be Rs 407 which is Rs 144 higher than its issue price of Rs 263.
- Issue Price: Rs 263
- Expected Listing Price: Rs 407
- Grey Market Premium: Rs 144
The expected listing price of the company’s shares highlights not only the potential for listing gains but also investors’ confidence in Northern Arc Capital’s long-term growth. Stay tuned with us.
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