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Northern Arc Capital Limited IPO GMP Today, Price Range and Company Details

Northern Arc Capital Limited IPO offers shares at ₹249 to ₹263, with a ₹0 Grey Market Premium. Available in 57 share lots, the subscription runs from September 16 to September 19, 2024.
Northern Arc Capital Limited IPO GMP Today, Price Range and Company Details

Northern Arc Capital Limited IPO has a ₹0 Grey Market Premium as of September 14, 2024, with a price range from ₹249 to ₹263 per share. Offering lots of 57 shares, the subscription window is open from September 16 to September 19, 2024.

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Northern Arc Capital Limited IPO GMP Today

The Grey Market Premium (GMP) for Northern Arc Capital Limited is ₹0 as of September 14, 2024. This assessment coincides with a price from ₹249 to ₹263 per share for the IPO.

Northern Arc Capital Limited IPO Review

Northern Arc Capital Limited has shown a robust increase in revenue, growing from ₹9,095.39 million in March 2022 to an estimated ₹18,900.84 million by March 2024. This steady rise in revenue, alongside growing equity and liabilities, suggests a strong expansion trajectory and potential for further growth.

The company’s profitability has also significantly improved, with profit after tax rising from ₹1,819.38 million in March 2022 to ₹3,176.93 million by March 2024. Despite an increase in diluted EPS from ₹13.09 to ₹23.40, indicating enhanced earnings per share, there has been a decline in Return on Net Worth from 9.92% to 23.40%, suggesting some challenges in generating shareholder returns relative to net worth.

To get a full IPO review, click here Northern Arc Capital IPO

Northern Arc Capital Limited IPO Date

Northern Arc Capital Limited will start accepting subscriptions from September 16, 2024, to September 19, 2024.

Northern Arc Capital Limited IPO Price

Northern Arc Capital Limited’s price range is from ₹249 to ₹263 per share with a face value of ₹10 each.

Northern Arc Capital Limited

Northern Arc Capital, established to serve underserved Indian households and businesses, has evolved into a leading diversified NBFC with significant AUM as of March 2024. The company’s broad-based approach spans MSME, MFI, and consumer finance sectors, where it has been active for over 14, 15, and nine years respectively, catering to varied borrower categories across India.

How To Apply For Northern Arc Capital Limited IPO?

To apply for the Northern Arc Capital Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Northern Arc Capital Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Northern Arc Capital Limited IPO at Alice Blue in just a few clicks!

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