Mon Sep 16 07:00:04 UTC 2024: ## Northern Arc Capital IPO Opens for Subscription, Seeks ₹777 Crores

**Mumbai, September 16, 2024:** Northern Arc Capital Limited, a leading diversified financial services platform, has launched its Initial Public Offering (IPO) today, aiming to raise approximately ₹777 crores. The IPO, which will close on September 19, 2024, is being offered at a price band of ₹249 to ₹263 per equity share.

The IPO is divided into three categories: Retail (35%), Qualified Institutional Buyers (QIB) (50%), and Non-Institutional Investors (NII) (15%). Investors can apply for a minimum of 57 shares, amounting to ₹14,991. The IPO is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Northern Arc Capital has a strong track record of catering to the financial needs of under-served households and businesses in India. With over 15 years of experience, the company has established itself as a prominent player in the retail credit ecosystem, focusing on sectors like micro, small, and medium enterprises (MSMEs), microfinance (MFI), consumer finance, vehicle finance, affordable housing, and agricultural finance.

The company has facilitated the financing of over ₹1.73 trillion, impacting over 101.82 million lives across India. As per reports, Northern Arc is one of the leading players amongst India’s diversified Non-Banking Financial Companies (NBFCs) in terms of Assets Under Management (AUM).

Investors are advised to consider the company’s financial performance, growth prospects, and the IPO allotment numbers before making an investment decision.

**How to Apply:**

Investors can apply for the IPO through their bank accounts using the ASBA (Application Supported by Blocked Amount) facility or through downloadable IPO forms.

**Note:** This is a summary of the provided text and presented in a news article format. It does not include all details about the IPO, and investors should consult with financial advisors before making any investment decisions.

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