{"id":62180,"date":"2024-09-24T07:09:06","date_gmt":"2024-09-24T07:09:06","guid":{"rendered":"https:\/\/efimarkets.com\/blog\/?p=62180"},"modified":"2024-09-24T07:11:37","modified_gmt":"2024-09-24T07:11:37","slug":"northern-arc-capital-stock-drops-over-10-after-listing-at-33-premium-on-nse","status":"publish","type":"post","link":"https:\/\/bhimmarkets.com\/blog\/northern-arc-capital-stock-drops-over-10-after-listing-at-33-premium-on-nse\/","title":{"rendered":"Northern Arc Capital stock drops over 10% after listing at 33% premium on NSE."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"62180\" class=\"elementor elementor-62180\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a299cf0 e-con-boxed e-flex e-con\" data-id=\"a299cf0\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59e9fd6 elementor-widget elementor-widget-image\" data-id=\"59e9fd6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/upstox.com\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" width=\"707\" height=\"366\" src=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/na.png\" class=\"attachment-large size-large wp-image-62181\" alt=\"Northern Arc Capital stock drops\" srcset=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/na.png 707w, https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/09\/na-300x155.png 300w\" sizes=\"(max-width: 707px) 100vw, 707px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5f0acb2 e-con-boxed e-flex e-con\" data-id=\"5f0acb2\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c52bab2 elementor-widget elementor-widget-text-editor\" data-id=\"c52bab2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h3><span style=\"color: #000000;\">Northern Arc Capital stock drops<\/span><\/h3><p><span style=\"color: #000000;\"><strong>Initial Trading Performance (9:45 am &#8211; 10:31 am):<\/strong><\/span><br \/><span style=\"color: #000000;\">Northern Arc Capital stock drops made a remarkable debut, listing at \u20b9350 apiece on the NSE\u2014an impressive 33% premium over the issue price of \u20b9263. On the BSE, shares opened at \u20b9351, reflecting a 33.4% premium.<\/span><\/p><p><span style=\"color: #000000;\">However, shortly after listing, the stock began to decline. By 10:31 am, the shares were trading at \u20b9331, down 5.4% from their opening price.<\/span><\/p><h3><span style=\"color: #000000;\">Share Price Decline Throughout the Day<\/span><\/h3><p><span style=\"color: #000000;\"><strong>Price Movements (10:12 am &#8211; 11:45 am):<\/strong><\/span><\/p><ul><li><span style=\"color: #000000;\">At 10:12 am, the stock dropped 7.7% to \u20b9322.7 on the NSE.<\/span><\/li><li><span style=\"color: #000000;\">By 11:00 am, it further slipped to \u20b9330.1, a decline of 5.6%.<\/span><\/li><li><span style=\"color: #000000;\">At 11:21 am, the stock was trading at \u20b9322.5, marking a 7.8% loss from the opening.<\/span><\/li><li><span style=\"color: #000000;\">By 11:45 am, the shares hit \u20b9314.2 on the NSE, marking a 10.2% decline, and \u20b9313.9 on the BSE, reflecting a 10.5% fall.<\/span><\/li><\/ul><h3><span style=\"color: #000000;\">Key Trading Statistics<\/span><\/h3><p><span style=\"color: #000000;\">Here\u2019s a breakdown of the trading activity as of 11:21 am:<\/span><\/p><ul><li><span style=\"color: #000000;\"><strong>Stock Price:<\/strong> \u20b9322.5 (-7.8%)<\/span><\/li><li><span style=\"color: #000000;\"><strong>Traded Volume:<\/strong> 227.13 lakhs<\/span><\/li><li><span style=\"color: #000000;\"><strong>Traded Value:<\/strong> \u20b9759.11 crore<\/span><\/li><li><span style=\"color: #000000;\"><strong>Market Capitalization:<\/strong> \u20b95,200.45 crore<\/span><\/li><\/ul><h3><span style=\"color: #000000;\">Financial Performance<\/span><\/h3><p><span style=\"color: #000000;\">Between FY22 and FY24, Northern Arc Capital exhibited strong growth:<\/span><\/p><ul><li><span style=\"color: #000000;\"><strong>Revenue:<\/strong><\/span><ul><li><span style=\"color: #000000;\">FY22: \u20b9909 crore<\/span><\/li><li><span style=\"color: #000000;\">FY23: \u20b91,304 crore<\/span><\/li><li><span style=\"color: #000000;\">FY24: \u20b91,890 crore<\/span><\/li><\/ul><\/li><li><span style=\"color: #000000;\"><strong>Net Profit:<\/strong><\/span><ul><li><span style=\"color: #000000;\">FY22: \u20b9181 crore<\/span><\/li><li><span style=\"color: #000000;\">FY23: \u20b9242 crore<\/span><\/li><li><span style=\"color: #000000;\">FY24: \u20b9317 crore<\/span><\/li><\/ul><\/li><\/ul><p><span style=\"color: #000000;\">The company achieved a Compound Annual Growth Rate (CAGR) of 18% in its Assets Under Management (AUM) and 20% in net profit over these three years.<\/span><\/p><h3><span style=\"color: #000000;\">IPO Subscription Details<\/span><\/h3><p><span style=\"color: #000000;\">The \u20b9777 crore IPO was highly sought after, with subscriptions closing at 110.71 times the offering. Institutional investors led the charge, with their portion subscribed 240.79 times. Non-institutional investors (NIIs) subscribed 142.28 times their allotted quota, while retail investors (RIIs) oversubscribed 30.74 times.<\/span><\/p><h3><span style=\"color: #000000;\">Utilization of Fresh Issue Proceeds<\/span><\/h3><p><span style=\"color: #000000;\">Proceeds from the fresh issue, amounting to \u20b9500 crore, will be used to support Northern Arc Capital&#8217;s future capital requirements, primarily for onward lending.<\/span><\/p><h5><span style=\"color: #000000;\"><strong>Trade Anytime, Anywhere with EFI Markets<\/strong><\/span><\/h5><p><span style=\"color: #000000;\">EFI Markets is a trusted\u00a0<\/span><a href=\"https:\/\/efimarkets.com\/stocks\">stock market trading platform<\/a>,\u00a0<span style=\"color: #000000;\">making trading easy with its efficient interface and a variety of tools and features.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Northern Arc Capital stock drops Initial Trading Performance (9:45 am &#8211; 10:31 am):Northern Arc Capital stock drops made a remarkable debut, listing at \u20b9350 apiece on the NSE\u2014an impressive 33% premium over the issue price of \u20b9263. On the BSE, shares opened at \u20b9351, reflecting a 33.4% premium. However, shortly after listing, the stock began &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/bhimmarkets.com\/blog\/northern-arc-capital-stock-drops-over-10-after-listing-at-33-premium-on-nse\/\"> <span class=\"screen-reader-text\">Northern Arc Capital stock drops over 10% after listing at 33% premium on NSE.<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":62181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[3],"tags":[15,14,5,34,18,37,43],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Northern Arc Capital stock drops<\/title>\n<meta name=\"description\" content=\"Northern Arc Capital stock drops over 10% after a 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