Northern Arc Capital IPO Allotment: How To Check Shares Status And When Will You Receive Them? Latest GMP!

Northern Arc Capital IPO: The NBFC has finalised the shares allotment and eligible investors will start to receive their approved equity shares in the demat account on September 23. This will be followed by a market debut on September 24, and the latest GMP suggests a strong listing. The IPO was open for bidding between September 16 to September 19.

The company's shares allotment status was finalised on September 20. While the initiation or refunds or credit shares in investors' Demat accounts may take place on September 23.

However, before that, investors must check whether they are among the eligible shareholders to receive the shares. To do that investors could check their application status on BSE, NSE, and the registrar website KFIN Technologies.

How To Check KfinTech IPO Allotment Status:

Step 1: Click On the KfinTech website link - https://kosmic.kfintech.com/ipostatus/

Step 2: Select the Other IPOs box. You will have the option of selecting any 1 of the 5 links on the website. Once clicked, you will be directed to the IPO allotment status page.

Step 3: Select the IPO Option. Click on Northern Arc Capital Limited.

Step 4: You can check your application status through three identification data. Either via 'Application No.' Or 'Demat Account' Or 'PAN card number'

Step 5: Enter the details of Application No, Demat Account Or PAN, and put the captcha code.

Step 6: Click on submit, and you will be directed to a new page which will indicate your status in the IPO.

To Check Your Application Status On BSE. Click On the link below:

https://www.bseindia.com/investors/appli_check.aspx

Once directed to the page of IPO allotment of BSE, select ''Equity' under the option of 'Issue Type.' Select Northern Arc Capital in the ''Issue Name' dropdown, and enter your PAN card details. Again, to complete the process, add captcha verification and click on 'Search' to view the status of your application.

To Check Your Application Status On NSE. Click on the link below:

At NSE, investors will be required to log in to their account using a username and password. Notably, it is important to create your account at NSE to review your application status. Once logged in, select 'Arkade Developers' in the issue name section. Further, verify your PAN details, and provide your application number to know the status.

Going ahead, Northern Arc IPO will list on September 24. As per Investor Grain, Northern Arc Capital IPO's last GMP is ₹144, last updated Sep 22nd 2024 06:02 PM. With a price band of 263.00, Northern Arc Capital IPO's estimated listing price is ₹407 (cap price + today's GMP). The expected percentage gain/loss per share is 54.75%.

The 100% book building offer had a price band of Rs 249 per share to Rs 263 per share. On the final day which was on September 19, the Northern Arc Capital IPO oversubscribed by a whopping 117.19x.

As per Reliance Securities note, Northern Arc Capital has an experienced leadership team who have played a pivotal role in building the business and brand and expect to continue to benefit from the strong capital sponsorship and professional expertise. The Indian retail credit market has grown at a strong pace over the last few years and is expected to further grow at a CAGR of 17-18% between FY24-26 and to reach Rs100.9 trillion by FY26.

Also, the brokerage said, NACL has large ecosystem of partners and data and technology platform creating strong network effects, proprietary technology product suite transforming the debt market ecosystem and professional management team spurring the growth in the coming years.