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Northern Arc Capital IPO Listing Price: Northern Arc Capital was listed in the stock market on Tuesday. Its listing has been quite spectacular. The company's stock has started at a 33.5% premium on BSE, which has given a good profit to the investors. However, profit booking is being seen in the stock after listing. The company's stock has fallen by 5.24 percent to Rs 332.60 as compared to the listing price. At this price, the company's market capital is Rs 5,372.32 crore.
How was the IPO (Northern Arc Capital IPO)
The Northern Arc Capital IPO opened on Monday, September 16. and closed on Thursday, September 19. The price band for the shares in the IPO was fixed at Rs 249-263 per share, while the lot size was 57 shares.
Chennai-based Northern Arc Capital was launched in 2009 and offers retail loans to underprivileged households and businesses in India. Its IPO was subscribed a total of 117.19 times.
what is the business of the company?
Northern Arc Capital's business model spans across various offerings, sectors, products, geographies, and borrower categories. It has facilitated financing of over Rs 1.73 lakh crore, reaching over 10.18 crore people across India as of March 31, 2024.
Disclaimer: Here information is given mainly about a listing, not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.
