Today, on September 20, the much-anticipated allotment for the Northern Arc Capital IPO is being finalized. Investors who applied for this public issue are eagerly waiting to see if they will receive shares. The Northern Arc Capital IPO opened for subscription on September 16 and closed on September 19. During this time, the response from investors was remarkable.
The IPO attracted significant interest from various types of investors. Qualified institutional buyers (QIBs) showed the most enthusiasm, oversubscribing their portion by an impressive 240.79 times. Non-institutional investors (NIIs) followed closely, with a subscription rate of 142.41 times. Retail investors, too, were active, subscribing 31.08 times, while employee participation was at 7.33 times. Overall, the total subscription status reached an incredible 110.91 times by the end of the fourth day.
Checking Allotment Status
If you applied for the Northern Arc Capital IPO, you can easily check your allotment status online. The registrar for this IPO is Kfin Technologies Ltd. Here’s a simple step-by-step guide on how to check your allotment:
- Visit the Registrar’s Website: Go to the Kfin Technologies portal at Kfin IPO Status.
- Select the IPO: From the options provided, please choose “Northern Arc Capital IPO.
- Enter Your Details: You will need to provide your application number, PAN (Permanent Account Number), or Demat account details.
- Submit and View Status: After entering your details, click “Submit.” You will see whether you have been allotted shares.
Alternative Ways to Check Allotment
You can also check your allotment status through the BSE and NSE websites:
- BSE: Visit the BSE allotment page, select ‘Equity’ under ‘Issue Type’, and find “Northern Arc Capital” in the drop-down menu. Enter your application number or PAN to see your status.
- NSE: Go to the NSE IPO page.If you don’t have an account, you’ll need to sign up using your PAN. After logging in, you can check your allocation status.
If you are allotted shares in the Northern Arc Capital IPO, you will receive a confirmation letter or email from Kfin Technologies. The shares you were allocated will be added to your Demat account in a few days. For those who do not receive shares, the refund process will begin on September 23.
Once the allotment is finalized, the shares of Northern Arc Capital will be listed on the stock exchange. The listing date is scheduled for September 24. Investors can then buy and sell these shares in the secondary market.
The Northern Arc Capital IPO has generated positive sentiment among investors. The company’s business model focuses on providing financial services to small and medium-sized enterprises (SMEs). This focus has attracted strong interest and confidence in the company’s growth potential.
The Northern Arc Capital IPO allotment is an important event for those who participated. By following the simple steps outlined above, investors can check their allotment status and plan their next steps accordingly. With a robust response from the market, the upcoming listing is expected to be promising.