Northern Arc Capital IPO allotment – How to check allotment, IPO GMP, listing date and more

• Northern Arc Capital is expected to announce its share allotment status on Friday, September 20.
• The shares of Northern Arc Capital were subscribed 110.60 times.
• The shares are expected to be listed on the stock exchanges on September 24.

Chennai-based Northern Arc Capital, a non-banking financial company (NBFC) that offers retail loans is expected to announce the allotment status of its initial public offering (IPO) on Friday, September 20.

The Northern Arc Capital IPO opened on September 16 and closed on September 20. The price band for the IPO was ₹249 to ₹263 per share.

Northern Arc Capital IPO subscription

On its last day, the Northern Arc Capital IPO was subscribed 110.60 times, receiving bids for 237.56 crore equity shares against 2.15 crore shares on offer.

While the qualified institutional buyer (QIB) portion was subscribed 240.79 times, the non-institutional investor's portion was subscribed 142.17 times. The retail portion witnessed good participation and was subscribed 30.57 times. The employee portion was subscribed 7.11 times.

Northern Arc Capital grey market premium

The shares of Northern Arc Capital are currently commanding a grey market premium (GMP) of ₹160 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

How to check Northern Arc Capital’s IPO allotment status

You can check the allotment status on the registrar’s website.

• To check the Northern Arc Capital IPO allotment status, visit the registrar’s website here.
  
• Click on ‘Company Selection’ and then select ‘Northern Arc Capital’.
  
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
  
• Click on ‘Search’.
  

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Northern Arc Capital IPO allotment status on the BSE and NSE websites.

To check the allotment status on the BSE or NSE website:

• Go to the BSE website.
  
• On the website, click on 'Equity' and then select ‘Northern Arc Capital’ from the dropdown menu.
  
• Now, enter your application number and PAN.
  
• Click on 'Search'.
  

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Northern Arc Capital listing date

The shares of Northern Arc Capital will be listed on the stock exchanges on September 24.

Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice.

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