Northern Arc Capital IPO Listing Live Updates: GMP, expert signal strong debut of shares on BSE, NSE today
₹149 per share, according to stock market experts. This indicates that Northern Arc Capital shares are trading higher by ₹149 in the grey market than their IPO price.
Considering the Northern Arc Capital IPO GMP today and the issue price, Northern Arc Capital shares are estimated to be listed at ₹412 apiece, a premium of 57% to the IPO price of ₹263 per share.Northern Arc Capital IPO Listing Live: Northern Arc Capital IPO received strong demand during its bidding period as the issue was subscribed 110.91 times in total. The IPO was booked 31.08 times in the retail category and 240.79 times in the Qualified Institutional Buyers (QIBs) category.
The Non Institutional Investors (NII) portion received 142.41 times subscription.Northern Arc Capital IPO Listing Live: Northern Arc Capital IPO opened for subscription on Monday, September 16, and closed on Thursday, September 19. The IPO allotment was finalized on September 20, and the Northern Arc Capital IPO listing date is today, September 24.
The equity shares of Northern Arc Capital Ltd will be listed on BSE and NSE.Northern Arc Capital IPO price band was set at ₹249 to ₹263 per share. The company raised ₹777 crore from the book-built issue which was a combination of fresh issue of 1.9 crore equity shares amounting to ₹500 crore and offer for sale (OFS) of 1.05 crore shares worth ₹277 crore.Northern Arc Capital IPO Listing Live: The equity shares of Northern Arc Capital Ltd are set to make their stock market debut today.
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