Northern Arc Capital was started in 2009. The company distributes retail loans. The company's focus is on MSME (Micro, Small and Medium Enterprise) finance, microfinance (MFI), consumer finance, vehicle finance, affordable housing finance and agriculture finance. It has been in MSME finance for about 15 years and in consumer finance for 9 years. Now let us tell you that the company's IPO has received a great response.

The stock will be listed on Tuesday, September 24, 2024 at 10 am.

The subscription to the IPO closed on Thursday, September 19, the last day of bidding, with heavy demand. Investors who participated in the subscription to the mainboard issue are now waiting for the company to finalize the share allotment status. (Western Carriers IPO allotment: Know at what price and when the listing will take place, check whether you got the shares or not) Northern Arc Capital IPO was subscribed 111 times on the last day of bidding. In which applications were received for 238.22 crore shares as against 2.14 lakh shares. The retail portion of the IPO was subscribed 31.08 times, while the quota of non-institutional investors was subscribed 142.41 times. According to NSE data, qualified institutional buyers (QIBs) subscribed their category 240.79 times. Details of Northern Arc Capital IPO - The price band of the company is ₹ 249-263 per share. At what price will it be listed?  There is tremendous demand for this IPO in the grey market. In the unlisted market, this IPO is trading at a premium of Rs 168. According to this, the company's shares are likely to be listed at a price of Rs 431. If this happens, investors will get a huge profit of 63.88 percent. However, its GMP has declined as compared to yesterday. It jumped to Rs 242.21 crore in FY 2023 and reached Rs 317.69 crore in FY 2024. During this period, the company's revenue grew at a compound growth rate (CAGR) of more than 44 per cent annually to Rs 1,906.03 crore. How to check if you have received shares 1. Open the BSE website at https://www.bseindia.com 2. Visit https://www.bseindia.com/investors/appli_check.aspx 3. Under Issues, select 'Equity' 4. Select Northern Arc Capital Ltd from the list 5. Enter your PAN or IPO application number 6. Click on 'Search' to check the status of allotment How to check Northern Arc Capital IPO allotment on the registrar's portal 1. First, visit the registrar's website which is Link Inktime India Private Limited (https://www.linkintime.co.in/) 2. Go to Services 3. From IPO, select Northern Arc Capital 5. Click on PAN, Application Number, DP/Client ID, or Account Number/IFSC from the list 6. Enter the required data 7. Click on Submit to check the status. You can check the share allotment for Western Carriers IPO on the NSE website.