Stellar Debut

Immediate Decline

[{"selector":"#anim-1db1ba34-8278-45ae-854b-b518d7ec294d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ea384b9-b534-4122-9bc1-6a92c06b4422","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

IPO Details

[{"selector":"#anim-ccf46b24-d7ff-4f03-b521-4a5c612a0362","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a084f9c-495e-4601-8b2e-bb0611906f4d","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Usage of Proceeds

[{"selector":"#anim-bba7d218-8f8e-40ba-8d32-3d91cd65f7b2","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Company Performance

[{"selector":"#anim-4ad0a9c7-094c-425c-b7ff-4605ceb12f04","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-3c2c05df-7993-4629-a274-598b6fe8661c","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

Subscription Success

[{"selector":"#anim-a76b8ee0-cca6-483a-a58d-fd197eef8c9b","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08f1178a-2949-4914-a389-697932585a99","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b118d622-176e-43d2-9bcf-f1aeaacb9857","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Market Reaction

[{"selector":"#anim-c136cdbd-1908-4be8-a5e0-2e1db66b47a1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-babb34a5-53b9-44bb-ac66-3bfee39da4a6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Company Overview

[{"selector":"#anim-c1f8efc7-991f-473f-8d4c-fa56e16ff76f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d9345615-e900-4ce0-bb06-1ee4c319d491","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Stellar Debut

Northern Arc Capital shares listed at ₹350 on NSE and ₹351 on BSE, marking a 33% premium over the issue price of ₹263.

Immediate Decline

After the initial surge, the stock dropped 7.9%, closing at ₹322.3 on NSE, driven by profit-booking.

IPO Details

– IPO price band: ₹249 - ₹263 per share. – Consisted of a ₹500 crore fresh issue and an OFS of up to 1.05 crore shares (valued at ₹277 crore).

Usage of Proceeds

The fresh issue proceeds will be used to meet future lending requirements.

Company Performance

– Revenue (FY22 to FY24): ₹909 crore to ₹1,890 crore. – Net profit increased from ₹181 crore to ₹317 crore in the same period.

Subscription Success

The IPO was subscribed 110.71 times during its bidding period, led by institutional investors.

Market Reaction

Trading volume hit 227 lakh shares with a value of ₹759.11 crore as the stock slid to a low of ₹308.2.

Company Overview

Northern Arc Capital is a non-deposit-taking NBFC that finances MSMEs, microfinance, vehicle finance, agricultural, and housing finance.