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Northern Arc Capital files IPO papers with SEBI

16 Jul 2021 Evaluate

Northern Arc Capital has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offer (IPO). The IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer-for-sale of up to 36,520,585 equity shares by shareholders.

Proceeds from the fresh issue would be used towards augmenting the company's capital base to meet future capital requirements. Axis Capital, Credit Suisse Securities (India), IIFL Securities, and SBI Capital Markets have been appointed as the merchant bankers to advise the company on the IPO.

Northern Arc is a leading player amongst the country's diversified NBFCs, with a business model diversified across offerings, sectors, products, geographies, and borrower segments. It provides access to credit to under-served households and businesses directly and indirectly through Originator Partners.

Northern ARC Capital Share Price

242.55 0.40 (0.17%)
17-Apr-2026 16:59 View Price Chart
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