Northern Arc Capital IPO Allotment to be Finalized Today

The IPO allotment for Northern Arc Capital will be finalized today, Friday, September 20. Investors who applied for the IPO can check their allotment status online through the registrar’s portal, Kfin Technologies Ltd.

Key Details of the Northern Arc Capital IPO

• Subscription Period: The IPO was open for subscription from Monday, September 16 to Thursday, September 19.
• Response: The IPO received a strong response from investors. Qualified Institutional Buyers (QIBs) subscribed 240.79 times, Non-Institutional Investors (NIIs) subscribed 142.41 times, while Retail Investors subscribed 31.08 times, and employees 7.33 times.
• Overall Subscription: The total subscription rate was 110.91 times by the end of the last bidding day.

Checking the Northern Arc Capital IPO Allotment Status

Investors can easily check their allotment status on the Kfin Technologies Ltd website. Here's how:

1. Visit the Kfin Technologies Allotment Status Link: https://ris.kfintech.com/ipostatus/.
2. Select IPO: From the drop-down menu, choose "Northern Arc Capital IPO."
3. Enter Details: Provide your application number, Demat account number, or PAN, along with the CAPTCHA code.
4. Submit: Click "Submit" to view your allotment status.

Alternative Methods to Check Allotment Status

• BSE Website:
  1. Visit the BSE IPO status page.
  2. Choose ‘Equity’ under ‘Issue Type.’
  3. Select "Northern Arc Capital IPO" from the drop-down.
  4. Enter your application number or PAN and hit 'Submit.'
• NSE Website:
  1. Go to the NSE IPO login page.
  2. Sign up with your PAN and register.
  3. Log in and check your allotment status.

Refund and Share Credit

For investors who were not allotted shares, the refund process will start on Monday, September 23. Those allotted shares will see them credited to their Demat accounts on the same day.

Northern Arc Capital IPO Listing Date and GMP

Northern Arc Capital’s shares are set to list on the stock exchanges on Tuesday, September 24. As of today, the Grey Market Premium (GMP) for the IPO is Rs.128 per share, indicating a strong demand.

Also read: Arkade Developers IPO Allotment Today: Investors Await Final Share Allocation Details

This means that the estimated listing price could be around Rs.391, which is 48.67% higher than the IPO price of Rs.263 per share. Investors are anticipating a robust listing, with grey market trends showing upward momentum over the past 11 days.