The Northern Arc Capital IPO share allotment is set to be finalized today, Friday, September 20, 2024. Investors who applied for shares in the ₹777 crore IPO can check their allotment status through the registrar’s portal, Kfin Technologies Ltd, or on the BSE and NSE websites. The IPO, which was open for subscription from September 16 to September 19, saw overwhelming demand, being subscribed 110.91 times overall.
The IPO received strong interest from qualified institutional buyers (QIBs), who subscribed 240.79 times, non-institutional investors (NIIs) with 142.41 times, and retail investors with 31.08 times.
How to Check Northern Arc Capital IPO Allotment Status?
You can check the status of your Northern Arc Capital IPO allotment through the following steps:
Via KFin Technologies (Registrar’s Website):
- Visit the Kfin Technologies website: KFintech IPO Status Page
- Select “Northern Arc Capital IPO” from the drop-down menu.
- You can check your status via:
- Application Number: Enter your application number and the captcha code, then click “Submit.”
- Demat Account: Enter your Demat details along with the captcha code, then click “Submit.”
- PAN Number: Enter your PAN number and captcha code, then click “Submit.”
Via BSE Website:
- Go to the BSE allotment page: BSE IPO Status Page
- Select “Equity” under the “Issue Type.”
- Choose “Northern Arc Capital IPO” from the “Issue Name” drop-down menu.
- Enter your application number or PAN, along with the captcha code, then click “Submit.”
Via NSE Website:
- Visit the NSE IPO page: NSE IPO Status Page
- Register with your PAN by clicking on “Click here to sign up.”
- Enter your login details and check the status of your IPO allocation.
Refunds and Listing:
If shares are not allotted to you, the refund process will begin by September 23, 2024. Allotted shares will be credited to investors’ demat accounts on the same day. The listing of Northern Arc Capital IPO shares is scheduled for September 24, 2024, on both BSE and NSE.
Northern Arc Capital IPO GMP Update:
As of today, the grey market premium (GMP) for Northern Arc Capital stands at ₹128, indicating a potential listing price of ₹391 per share. This is approximately 49% higher than the issue price of ₹263, suggesting a robust listing.
