Northern Arc Capital IPO Allotment Status

Summary

Northern Arc Capital IPO has received an overwhelming response from investors, closing with an exceptional subscription of 117.06 times by 19th September 2024 at 5:35:11 PM (Day 4). The public issue witnessed substantial demand across various investor categories, with the Qualified Institutional Buyers (QIB) category leading the charge. The QIB segment was subscribed 242.73 times, reflecting significant interest from institutional investors.

The Non-Institutional Investors (NII) category demonstrated strong engagement, subscribing 147.49 times, with big NIIs (bids above ₹10L) subscribing 160.48 times and smaller NIIs (bids below ₹10L) subscribing 121.51 times. Retail investors showed robust interest, with the IPO being subscribed 31.80 times in this category. The Anchor Investors portion was fully subscribed. This exceptional response across all categories underscores the extremely positive market sentiment towards Northern Arc Capital's offering and suggests highly optimistic investor expectations for the company's future performance.

Check Northern Arc Capital IPO Allotment Status:

How to Check Northern Arc Capital IPO Allotment Status on the Kfin Technologies Limited Site?

Step 1 - Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2 - From the dropdown menu, select Northern Arc Capital IPO.

Step 3 - Choose one of the following three modes: PAN ID, Demat Account number, or Application number

Step 4 - Select "Application Type," then "ASBA" or "non-ASBA."

Step 5 - Enter the information relevant to the mode you have chosen.

Step 6 - For security purposes, fill out the captcha accurately.

Step 7 - Click "Submit."

How do you check Northern Arc Capital IPO Allotment Status on BSE?

On the websites of the Bombay Stock Exchange (BSE), investors who placed a bid for the Northern Arc Capital IPO can monitor the allotment status:
For BSE:

Step 1 - Visit this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select "Equity" in the "Issue Type" dropdown.

Step 3 - Choose "Northern Arc Capital Limited" from the dropdown menu under "Issue Name."

Step 4 - Enter your application number and PAN ID.

Step 5 - Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How do you check the IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Northern Arc Capital IPO Timeline:

Northern Arc Capital IPO Subscription Status

Northern Arc Capital IPO received 117.06 subscriptions. By 19th September 2024 at 5:35:11 PM (Day 4), the public issue had been subscribed 31.80 times in the retail category, 242.73 times in the QIB category, and 147.49 times in the NII category.

Subscription Day 4 (as of 5:35:11 PM)
Total Subscription: 117.06 times
QIB: 242.73 times
NII: 147.49 times
Retail investors: 31.80 times

Subscription Day 3
Total Subscription: 21.51 times
QIB: 0.32 times
NII: 52.83 times
Retail investors: 19.93 times

Subscription Day 2
Total Subscription: 10.61 times
QIB: 0.20 times
NII: 22.55 times
Retail investors: 11.32 times

Subscription Day 1
Total Subscription: 3.08 times
QIB: 0.02 times
NII: 4.66 times
Retail investors: 4.09 times
 

Northern Arc Capital IPO Details

Northern Arc Capital's initial public offering (IPO) is a book built issue amounting to ₹777.00 crores. This offering consists of a fresh issue of 1.9 crore shares aggregating to ₹500.00 crores and an offer for sale of 1.05 crore shares aggregating to ₹277.00 crores.

The bidding process for the Northern Arc Capital IPO commenced on 16th September 2024 and concluded on 19th September 2024. The allotment results for this IPO are anticipated to be finalised on 20th September 2024. Furthermore, the shares of Northern Arc Capital are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 24th September 2024.

The Northern Arc Capital IPO price band has been established between ₹249 and ₹263 per share. Investors must apply for a minimum lot size of 57 shares, which requires a minimum investment of ₹14,991 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (798 shares), totalling ₹209,874. For big non-institutional investors (bNII), the minimum investment is 67 lots (3,819 shares), amounting to ₹1,004,397.

ICICI Securities Limited, Axis Bank Limited and Citigroup Global Markets India Private Limited serve as the book running lead managers for the Northern Arc Capital IPO. Kfin Technologies Limited is designated as the registrar for this offering.

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