Northern Arc Capital IPO GMP History
Northern Arc Capital IPO has been listed on September 24, 2024 at a listing price of ₹350, against the issue price of ₹263 — a gain of ₹87 (+33.08%). The GMP peaked at ₹200 on 18 September 2024 and reached a low of ₹150 on 16 September 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Northern Arc Capital IPO raised ₹777 Cr. through its IPO at a price band of ₹249 to ₹263 per share, with a lot size of 57 shares. The IPO was open for subscription from 16 Sep 2024 to 19 Sep 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:54 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Sep 2024 | ₹ 160 | ▼ | 61% | — | — |
| 21 Sep 2024 | ₹ 165 | — | 63% | — | — |
| 20 Sep 2024 | ₹ 165 | ▼ | 63% | — | — |
| 19 Sep 2024 | ₹ 180 | ▼ | 68% | — | — |
| 18 Sep 2024 | ₹ 200 | ▲ | 76% | — | — |
| 17 Sep 2024 | ₹ 165 | ▲ | 63% | — | — |
| 16 Sep 2024 | ₹ 150 | — | 57% | — | — |
Northern Arc Capital IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 16 Sep 2024
- Close 19 Sep 2024
- Allotment 20 Sep 2024
- Refund/credit 23 Sep 2024
- Listing 24 Sep 2024
Northern Arc Capital IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹263 |
|---|---|
| GMP-based estimate (pre-listing) | ₹423 (+60.8%) |
| Listing gain / loss | +₹87 per share |
| Listing date | 24 Sep, 2024 |
| Actual listing price | ₹350 (+33.08%) |
Is Northern Arc Capital IPO GMP reliable?
Grey market premium for Northern Arc Capital IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Northern Arc Capital IPO full review for a fundamentals-based assessment before making any grey market trades.
Northern Arc Capital IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Northern Arc Capital IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Northern Arc Capital IPO
Northern Arc Capital Limited was incorporated as Highland Leasing & Finance Private Limited at Madras on 9 March 1989. It is a diversified financial services platform focused on the retail credit needs of under-served households and businesses in India.
Over the last 15 years it has built a comprehensive play on the retail credit ecosystem across sectors. Since 2009 it has facilitated financing of over Rs 1.73 trillion, reaching over 101.82 million lives as of 31 March 2024.
As per the RHP, it has one of the lowest credit costs among diversified NBFCs in India. The company has no identifiable promoter.
The IPO was Rs 777 crore, with Rs 500.50 crore of fresh issue and Rs 276.50 crore of offer for sale by investors. Rs 500.00 crore was planned for onward lending.
Frequently asked
What is the GMP of Northern Arc Capital IPO?
The current Grey Market Premium (GMP) of Northern Arc Capital IPO is ₹ 160.
What is the Kostak Price of Northern Arc Capital IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Northern Arc Capital IPO is not available.
What is the Subject to Sauda Price of Northern Arc Capital IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Northern Arc Capital IPO?
Northern Arc Capital IPO listed on September 24, 2024 at ₹350, against the issue price of ₹263 — a gain of +33.08%.
How did the GMP of Northern Arc Capital IPO trend before listing?
The GMP of Northern Arc Capital IPO was falling in its final days before listing. The GMP peaked at ₹200 on 18 September 2024. View the day-wise table above for the complete GMP history.
Explore Northern Arc Capital IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
