The Northern Arc Capital Initial Public Offering (IPO) allotment will be finalized today, Friday, September 20. Investors who participated in the IPO can check the allotment status on the official website of the registrar, Kfin Technologies Ltd. The IPO, which opened for subscription on Monday, September 16, and closed on Thursday, September 19, received a strong response from investors.
Subscription Details
The Northern Arc Capital IPO witnessed substantial interest across all investor categories. By the final day of bidding, the IPO had been subscribed 110.91 times in total. The subscription breakdown is as follows:
- Qualified Institutional Buyers (QIBs) subscribed 240.79 times.
- Non-Institutional Investors (NIIs) subscribed 142.41 times.
- Retail Individual Investors (RIIs) subscribed 31.08 times.
- Employee category saw a subscription rate of 7.33 times.
These figures reflect the overall demand for the IPO shares. The strong subscription rate from QIBs and NIIs highlights the interest from institutional investors, while retail investors also showed significant participation.
Allotment Status and Refund Process
Investors can check their IPO allotment status through the registrar’s portal at Kfin Technologies Ltd by following these steps:
- Visit the allotment status link: https://ris.kfintech.com/ipostatus/
- Choose one of the five available URLs and select “Northern Arc Capital IPO” from the “Select IPO” drop-down menu.
- Enter the required information:
- Application number, Demat account, or PAN, depending on the method chosen.
- Input the captcha code for verification.
- Click on “Submit” to view the allotment status.
For applicants who were not allotted shares, the refund process will begin on Monday, September 23. For those who were allotted shares, the shares will be credited to their Demat accounts on the same day, i.e., September 23.
IPO Listing Date
Northern Arc Capital’s shares are scheduled to be listed on the stock exchanges on Tuesday, September 24. Investors will be able to trade the shares on the stock exchange once the listing process is completed.
Alternative Methods to Check Allotment Status
In addition to the Kfin Technologies Ltd website, investors can also check their allotment status via the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) websites.
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BSE Allotment Status:
- Visit the BSE allotment status page: https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under the ‘Issue Type’ drop-down menu.
- Choose ‘Northern Arc Capital IPO’ from the ‘Issue Name’ drop-down list.
- Enter your application number or PAN and click ‘Submit’ to view the status.
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NSE Allotment Status:
- Visit the NSE allotment (status) page: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- Register with your PAN by clicking the ‘Click here to sign up’ option.
- After registration, log in with your user name, password, and captcha code.
- See the allotment status on the next page.
Grey Market Premium (GMP) and Estimated Listing Price
The Northern Arc Capital IPO is currently witnessing activity in the grey market, where shares are trading at a premium. The grey market premium (GMP) for Northern Arc Capital shares today stands at Rs 128, according to investorgain.com. This GMP indicates that the shares are being traded at a price of Rs 391 per share in the grey market, which is 48.67% higher than the IPO issue price of Rs 263 per share.
The GMP fluctuates based on market demand, and over the last 11 trading sessions, it has shown an upward trend. The lowest recorded GMP during this period was Rs 0, and the highest was Rs 202. Investors should note that the GMP reflects the demand for shares outside of official trading platforms and is not a guaranteed indicator of future price performance.
Disclaimer on GMP and Investments
It is essential to understand that grey market premiums are not regulated, and the prices may change based on market sentiment. Investors are advised to consult certified financial advisors or experts before making any investment decisions based on grey market activities or other unofficial trading indicators.
The information provided in this article is based on publicly available data and sources. Northern Arc Capital’s IPO listing is expected to occur as scheduled, and investors are encouraged to track the official stock exchange listings for the latest updates.
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