Wed Sep 25 09:54:59 UTC 2024: ## Northern Arc Capital Makes Stellar Debut, Lists at 33% Premium on BSE and NSE

**Mumbai, India – September 25, 2024** – Northern Arc Capital Ltd, a leading non-banking financial company, made a spectacular debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today, listing at a premium of 33% over its initial public offering (IPO) price.

The company’s shares opened at Rs 316.15, a significant jump from its IPO price of Rs 237. This strong performance reflects investor confidence in Northern Arc’s business model and growth prospects.

The company, known for its focus on providing financial services to underserved segments of the Indian population, raised Rs 1,000 crore through its IPO. This capital infusion is expected to fuel the company’s expansion plans and enhance its lending capabilities.

**Market Performance**

The Indian stock market also witnessed a positive day of trading, with the benchmark Sensex index gaining over 300 points to hit a new all-time high of 85,200. The Nifty index also surged, nearing the 26,050 mark. The gains were largely driven by strong performances in the banking and media & entertainment sectors.

Saregama India and Tips Industries zoomed up by over 20%, reflecting positive investor sentiment towards these companies.

**Northern Arc’s Future Plans**

The company is scheduled to announce its unaudited financial results for the quarter ended June 30, 2024, on September 30, 2024. Investors will be eagerly awaiting these results to gain further insights into the company’s financial performance and future growth trajectory.

With its strong debut on the stock market, Northern Arc Capital is poised for further growth and expansion in the coming years, contributing significantly to the Indian financial sector.

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