Founded in 2009, Northern Arc Capital offers loans to underserved households & businesses in India. They focus on sectors like MSMEs, microfinance, consumer finance, vehicle, housing & agriculture finance
Business Model
Diversified across sectors, products, & geographies. As of March 2024, facilitated ₹1.73 trillion worth of financing to 101.82 million people
Lending Channels
Northern Arc serves retail markets through: Lending, Placements, & Fund Management. AUM of ₹117,100.19 million across 671 districts
Technology Stack
Technology-driven solutions include: Nimbus (debt platform), nPOS (co-lending), Nu Score (loan underwriting), and AltiFi (investment platform)
IPO Details
IPO Date: Sept 16–19, 2024. Price Band: ₹249-₹263 per share. Issue Size: 29.54 million shares (₹777 Cr)
Issue Breakdown
Fresh Issue: 19.01 million shares (₹500 Cr). Offer for Sale: 10.53 million shares (₹277 Cr)
IPO Reservation
Investor Category Reservation: QIB (50%), Retail (35%), NII (15%)
Timeline
IPO Timeline: Sept 16 (Open), Sept 19 (Close), Sept 24 (Listing). Refunds and Credit on Sept 23
Lot Sizes & Pricing
Minimum bid: 57 shares (₹14,991). Maximum for Retail: 741 shares (₹194,883). Max for HNIs: 3,819 shares (₹1,004,397)