Top Tweets for #NorthernArcIPO

IPO Update : Northern Arc Capital IPO : MUST APPLY for BUMPER Listing Gains🔼 Basic Details : Date : 16th Sep to 19th Sep Price band : Rs. 249 - Rs. 263 per share Total issue size - Rs. 777 cr (Fresh issue 500cr & OFS 277cr) Minimum lot size - 57 shares Minimum amount per Lot - Rs. 14,991 Business👇 👉 Professionally run, Leading diversified NBFC - catering to the retail credit needs of underserved households and businesses in India 👉 The company operates in MSME financing, microfinance, consumer & vehicle finance, affordable housing, and agriculture finance. Financials - FY22-FY24👇 👉 Total Income grew to Rs. 1180 cr vs 560 Cr 👉 PAT at Rs. 318 cr vs Rs. 182 cr 👉 ROA at 3% & ROE at 14.5% 👉 AUM at 11.7k cr. Good asset quality - GNPA 0.5% & NNPA 0.1% 👉 Loan book growth at 28% CAGR ⚡️Valuations : At IPO price, market cap will be at Rs. 4243 Cr. IPO is valued at P/Bx of 1.8x Listed Peers - Average valuation of other listed players at P/B of 3x approx. (nearest MAS Financials at 2.6x P/B). So there is room for upside. ✅Expecting bumper listing gains. Listing gains depends on IPO demand and market sentiments. If at listing, we get good gains.. better to book and exit. #NorthernArcIPO #NorthernArcCapitalIPO #NorthernArcCapital #IPO #IPOListing #IPOWatch #IPOGMP #IPOAlert #IPOUpdate