Unlocking Your Investment: How to Check Northern Arc Capital IPO Allotment Status
Northern Arc Capital Limited’s IPO has generated significant interest, with a remarkable oversubscription rate. If you participated in this IPO and are eager to check your allotment status, this guide will walk you through the process using reliable sources and the latest updates.
Key Highlights of the Northern Arc Capital IPO
- IPO Subscription Period: September 16 – September 19, 2024
- Total Issue Size: ₹777 crore
- Price Band: ₹249 to ₹263 per share
- Oversubscription Rate: 110.91 times overall, with institutional investors leading the demand:
- Qualified Institutional Buyers (QIBs): 240.79 times
- Non-Institutional Investors (NIIs): 142.41 times
- Retail Individual Investors (RIIs): 31.08 times
- Expected Listing Date: September 24, 2024
How to Check Allotment Status
Investors can check their allotment status through several platforms:
1. BSE Website
- Visit the BSE IPO allotment page: BSE IPO Allotment.
- Select “Equity” as the issue type.
- Choose “Northern Arc Capital Limited” from the dropdown menu.
- Enter your application number and PAN.
- Complete the captcha verification and click “Search.”
2. NSE Website
- Go to the NSE IPO allotment page: NSE IPO Status.
- Follow similar steps as above to check your status.
3. KFin Technologies
- Access KFin Technologies’ portal: KFin IPO Status.
- Select “Northern Arc Capital Limited” from the list.
- Choose your preferred method of checking (Application Number, Demat Account Number, or PAN).
- Fill in the necessary details and complete the captcha before clicking “Submit.”
Latest Market Updates
As of September 20, 2024, the grey market premium (GMP) for Northern Arc Capital shares is approximately ₹128, indicating a strong potential listing price around ₹391 per share on September 24, which represents a nearly 49% gain from the upper end of the IPO price band. This premium reflects investor confidence in the stock following its successful subscription period.
Conclusion
With the allotment process finalised on September 20, investors can now easily verify their status using the methods outlined above. The anticipated strong listing performance of Northern Arc Capital shares makes this an exciting time for investors who participated in the IPO. For ongoing updates and further information, keep an eye on announcements from BSE and NSE.