Northern Arc Capital IPO: GMP, Subscription Status, and Expert Reviews

Northern Arc Capital IPO GMP

Northern Arc Capital, a leading private equity fund manager in India, is all set to launch its initial public offering (IPO) on September 16, 2024. The company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and is awaiting its approval. In this article, we will provide you with all the latest information about Northern Arc Capital IPO, including GMP, subscription status, and expert reviews.

IPO Details

* Issue Size: Rs. 500 crore
* Price Band: Rs. 249-263 per share
* Minimum Bid: 57 shares
* Issue Date: September 16, 2024
* Closing Date: September 19, 2024
* Listing Date: September 26, 2024

GMP

The Grey Market Premium (GMP) for Northern Arc Capital IPO is currently trading at Rs. 158, which indicates a positive sentiment among investors. GMP is the premium at which a company's shares are traded in the unofficial market before they are listed on the stock exchanges. It gives an indication of the demand for the IPO and the expected listing price.

Subscription Status

The subscription status of Northern Arc Capital IPO will be updated on September 19, 2024, after the issue closes for subscription. We will provide you with the latest updates on the subscription status in this article.

Expert Reviews

most of the experts are positive on Northern Arc Capital IPO. They believe that the company is a well-managed and profitable company with a strong track record. The IPO is also priced attractively, which makes it a good investment opportunity for investors.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors should consult with a qualified financial advisor before making any investment decisions.