<ul><li>Northern Arc Capital is expected to announce its share allotment status on Friday, September 20.</li><li>The shares of Northern Arc Capital were subscribed 110.60 times.</li><li>The shares are expected to be listed on the stock exchanges on September 24.</li></ul> Chennai-based Northern Arc Capital, a non-banking financial company (NBFC) that offers retail loans is expected to announce the allotment status of its initial public offering (IPO) on Friday, September 20. The <keyword id="23210924" type="General" weightage="20" keywordseo="Northern-Arc-Capital-IPO" source="keywords">Northern Arc Capital IPO</keyword> opened on September 16 and closed on September 20. The price band for the IPO was ₹249 to ₹263 per share. <h2><keyword id="23190016" type="General" weightage="20" keywordseo="Northern-Arc-Capital-IPO-subscription" source="Orion">Northern Arc Capital IPO subscription</keyword></h2>On its last day, the Northern Arc Capital IPO was subscribed 110.60 times, receiving bids for 237.56 crore equity shares against 2.15 crore shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 240.79 times, the non-institutional investor's portion was subscribed 142.17 times. The retail portion witnessed good participation and was subscribed 30.57 times. The employee portion was subscribed 7.11 times. <h2>Northern Arc Capital grey market premium</h2>The shares of Northern Arc Capital are currently commanding a grey market premium (GMP) of ₹160 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <h2>How to check Northern Arc Capital’s IPO allotment status</h2>You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="23190015" type="General" weightage="100" keywordseo="Northern-Arc-Capital-IPO-allotment" source="Orion">Northern Arc Capital IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>. </li><li>Click on ‘Company Selection’ and then select ‘Northern Arc Capital’. </li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC. </li><li>Click on ‘Search’. </li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Northern Arc Capital IPO allotment status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>. </li><li>On the website, click on 'Equity' and then select ‘Northern Arc Capital’ from the dropdown menu. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <h2>Northern Arc Capital listing date</h2>The shares of Northern Arc Capital will be listed on the stock exchanges on September 24. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-emerges-as-the-worlds-second-biggest-smartphone-brand-in-august/articleshow/113478178.cms">Xiaomi emerges as the world’s second-biggest smartphone brand in August</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-announces-diwali-dhamaka-offer-get-jioairfiber-free-for-one-year/articleshow/113451512.cms">Reliance Jio announces Diwali Dhamaka offer – Get JioAirFiber free for one year</a> <a href="https://www.businessinsider.in/tech/apps/news/instagram-will-force-teenagers-to-have-a-private-account-enable-sleep-mode-after-10-pm/articleshow/113449313.cms">Instagram will force teenagers to have a private account, enable sleep mode after 10 PM</a>

Northern Arc Capital IPO allotment – How to check allotment, IPO GMP, listing date and more

Northern Arc Capital IPO – Price band to risk factors, all you need to know

New Delhi, Reliance Capital's (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received. <keyword id="13222" type="DOMAIN" weightage="20" keywordseo="SBI">SBI</keyword> Life and Apollo are among the 10 new bidders who have submitted expressions of interest for Reliance Capital's assets, taking the total number of bids to 60. December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Later the date for submitting the bids was extended to December 17. Over eight bidders have bid for entire RCAP assets on an as-is-where-is basis. The prominent among them are Oaktree, J.C. Flower and multiple ARCs. For Reliance General Insurance, which is owned 100% by RCAP, there are 18 bidders and prominent among them are, Chryscap, J.C. Flower, Blackstone, KKR, CVC Capital Partners, and Bain Capital. For Reliance Nippon Life Insurance, in which RCAP owns 51% controlling stake, has received 16 bids, including Bain Capital, NIIF, Arpwood Partners, Dabur Investments, Bandhan Bank, and <keyword id="884924" type="COMPANY" weightage="20" keywordseo="Multiples-Asset-Management">Multiples Asset Management</keyword> among others. For Reliance Securities, there are eight bidders, including Bain Capital, Religare Broking, Edelweiss Securities and other ARCs. For Reliance ARC, there are six bidders, including Bain Capital, International Asset Reconstruction Company and other ARCs. For Reliance Health, there are eight bidders - Blackstone, Bain Capital, Arpwood Partners, and other ARCs. There are also multiple bidders for RCAP's stake in ICEX and Paytm E-commerce business. Reliance Capital asset monetization process, to unlock value of its underlying businesses and to make RCAP debt free, was launched on October 31, 2020. The monetization process being run under the aegis of Committee of Debenture Holders and <keyword id="10477607" type="COMPANY" weightage="20" keywordseo="the-debenture-trustee-vistra-itcl-india-ltd">the Debenture Trustee Vistra ITCL India Ltd</keyword> - which represents 93% of total outstanding debt of Reliance Capital. EOIs were invited for all or part of RCL's stake in the following key subsidiaries and assets individually or in any combination thereof. This includes 100% stake in Reliance General Insurance Company Limited (RGI). It has a paid up capital of Reliance General Insurance is ₹252 crore as of September 30, 2020. It is the 4th largest <keyword id="10477608" type="COMPANY" weightage="20" keywordseo="private-general-insurance-company">Private General Insurance Company</keyword> with market share of 4.5% as of March 2020 in the General Insurance category. It has shown consistent growth in AUM Year-on-Year with investment book of ₹12,315 crore as on September 30, 2020. The company performed its best even during COVID times with Gross Direct Premium Income of ₹4,501 crore during the first six months of FY20- 21. It has a strong distribution network of 134 branches with amongst largest agency force of 46,742 as of September 30, 2020 across the country. Bids have been invited for 51% stake in <keyword id="10203731" type="COMPANY" weightage="20" keywordseo="reliance-nippon-life-insurance-company-limited">Reliance Nippon Life Insurance Company Limited</keyword> (RNLI). The paid up capital of Reliance Nippon Life Insurance is ₹1196 Cr. as of September 30, 2020. RNLI is a joint Venture with Japan's largest life insurer - Nippon Life which holds 49 % shareholding. It is the 10th largest <keyword id="10203730" type="COMPANY" weightage="20" keywordseo="private-sector-insurer">Private Sector Insurer</keyword> (in terms of Individual WRP) and amongst largest Non-Banca company with a network of 717 offices. It witnessed sharp turnaround in performance during FY19-20 with a profit after tax of ₹35 crore and 75% growth (12% CAGR) in embedded value over last four years. It has an impressive claim settlement ratio of 98.1% in FY19-20 and a higher Solvency ratio of 207% (as against regulatory requirement of 150%). As on September 30, 2020, the AUM was ₹21,912 crore and an individual premium market share of 2.20% amongst private insurers. Bids have been invited for 100% stake in Reliance Securities Limited - Broking &amp; distribution company offering services across asset classes including equities, commodities, derivatives, currency, mutual funds, bonds and corporate FDs. Also on offer is a 100% stake in Reliance Financial Limited - RBI registered NBFC, engaged in the business of financing, money lending, capital market linked financing activities, 49% stake in Reliance Asset Reconstruction Limited which manages portfolio of ₹1,996 crore as on September 30, 2020. A 20% stake in Indian Commodity Exchange is also being bid. Other key shareholders in ICEX are Central Warehousing Corporation, MMTC Limited, Indiabulls Housing Finance Limited, Indian Potash Limited and Bajaj Holdings and Investments. ICEX is a SEBI regulated commodity derivatives exchange. There is also 100% stake in Reliance Health Insurance Limited. Other PE investments like Naffa Innovations Private Limited, Paytm E-Commerce Private Limited. RCL's key businesses and subsidiaries are performing well and business will continue as usual. The management, professional team, customer and partners will be unaffected by the proposed asset monetisation programme of RCAP. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-spicejet-interglobe-aviation-tata-motors-pfizer-asian-paints-niit-lupin-and-others/articleshow/79849749.cms">Top stocks to watch – SpiceJet, InterGlobe Aviation, Tata Motors, Pfizer, Asian Paints, NIIT, Lupin, and others</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-mrs-bectors-food-specialities-ipo-allotment-status-online/articleshow/79808672.cms?upcache=2">Mrs Bectors Food Specialities IPO allotment today: Here’s how to check share allotment status</a> <a href="https://www.businessinsider.in/business/startups/news/google-microsoft-invest-in-dailyhunt-for-its-short-video-platform-josh-making-it-the-latest-unicorn-in-india/articleshow/79850804.cms">Google, Microsoft invest in DailyHunt for its short video platform Josh – making it the latest unicorn in India</a>

Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far

Heavy rain and thunderstorms will continue in Chennai and almost all other districts of <keyword id="20154" type="General" weightage="80" keywordseo="tamil-nadu" source="Orion">Tamil Nadu</keyword> in the next two days, the regional centre of the <keyword id="6355166" type="General" weightage="20" keywordseo="india-meteorological-department" source="Orion">India Meteorological Department</keyword> (<keyword id="6366970" type="General" weightage="100" keywordseo="imd" source="Orion">IMD</keyword>) said on Monday. The heavy rain that lashed Chennai and other adjoining areas of the state capital were due to a cyclonic circulation over the southeast <keyword id="55869" type="General" weightage="20" keywordseo="Bay-of-Bengal" source="Orion">Bay of Bengal</keyword> and the adjoining equatorial <keyword id="12350" type="General" weightage="20" keywordseo="indian-ocean" source="Orion">Indian Ocean</keyword> extending up to 4.5 km above sea level. The IMD has predicted that low pressure may form over the southeast Bay of Bengal and surrounding areas by Tuesday, which will become more pronounced and move in the direction of Tamil Nadu's northern coast in the next 48 hours. The interior parts of the state will also receive heavy rain, as well as the isolated places over the Nilgiris, Erode, Krishnagiri and Coimbatore districts. The weather department also said that Madurai, Virudhunagar and the Cauvery Delta will also witness torrential downpours. The IMD said that from October 1 to November 7, Chennai has received 26 per cent surplus rain and the state as a whole withnessed 43 per cent more downpour than the usual volume. Heavy rain in a short time frame is called mesoscale phenomenon and this cannot be predicted easily, the IMD said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/spacex-crew-3-launch-delayed-for-the-third-time-now-scheduled-for-nov-10/articleshow/87577937.cms">SpaceX Crew-3 launch delayed for the third time, now scheduled for Nov 10</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-ipo-allotment-is-tomorrow-november-9/articleshow/87577397.cms">Fino Payments Bank IPO allotment tomorrow, investors had oversubscribed by over 2 times</a>

Heavy rain and thunderstorms to continue in Tamil Nadu for next two days

New Delhi, The Northern India Textile Mills' Association (NITMA) has urged the government to raise customs duty on man-made <keyword id="943240" type="PERSON" weightage="20" keywordseo="yarns">yarns</keyword> to 10% in the <keyword id="4121466" type="PERSON" weightage="20" keywordseo="upcoming-Union-Budget">upcoming Union Budget</keyword>. The customs duty on man-made yarn is currently at 5%. According to the industry body, monthly average <keyword id="35091" type="CITY" weightage="20" keywordseo="imports">imports</keyword> of Virgin Polyester Spun Yarn have increased manifold from 2015 to 2020. Imports from Vietnam alone have increased over 100 times, as per NITMA. Sanjay Garg, President of NITMA said that representations regarding the import concerns have been sent to the ministries of finance and <keyword id="62486" type="COMPANY" weightage="20" keywordseo="Textiles">textiles</keyword>. He noted that the man-made yarn sector is one of the largest employment-generating segments within the textile industry and is highly capital and labour-intensive industry as well. Garg was of the view that the unreasonably low-priced imports of man-made yarn into India have been causing considerable amount of injury to domestic manufacturers for around the last five years. In a statement, NITMA said that the surge in imports may damage the domestic man-made fibre (MMF) industry and may lead to non-performing assets and closure of units along with huge employment loss. "As a recapitulation, he (Garg) humbly appealed to the <keyword id="156153" type="COMPANY" weightage="20" keywordseo="Ministry-of-Finance">Ministry of Finance</keyword> and <keyword id="185304" type="COMPANY" weightage="20" keywordseo="Ministry-of-Textiles">Ministry of Textiles</keyword> to consider increasing the customs duty on man-made yarn from its present level of 5% to 10% immediately in the ensuing <keyword id="6360189" type="COMPANY" weightage="20" keywordseo="union-budget">Union Budget</keyword> for the growth and expansion of domestic MMF industry and to prevent mass level loss of employment," the statement said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/mrs-bectors-shares-are-down-32-from-the-peak-post-listing-analysts-say-it-is-still-overpriced/articleshow/80430865.cms">Mrs Bectors shares are down 32% from the peak post listing — analysts say it is still 'overpriced'</a> <a href="https://www.businessinsider.in/budget/news/indias-co-working-sector-wants-recognition-under-real-estate-tax-benefits-as-flexible-workspaces-aim-for-a-significant-revival-in-the-post-covid-era/articleshow/80431768.cms">India’s co-working sector wants recognition under real estate, tax benefits as flexible workspaces aim for a significant revival in the post-COVID era</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-indian-railway-finance-corporation-irfc-ipo/articleshow/80406208.cms">Indian Railway Finance Corporation IPO allotment: Here’s how to check share allotment status</a>

You Searched For "Northern Arc Capital IPO allotment" and got 5 results

Northern Arc Capital IPO allotment – How to check allotment, IPO GMP, listing date and more

Sourabh Jain

Northern Arc Capital IPO – Price band to risk factors, all you need to know

Sourabh Jain

Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far

IANS

Heavy rain and thunderstorms to continue in Tamil Nadu for next two days

IANS

NITMA urges to raise custom duty on man-made yarns by 10% in upcoming Union Budget

IANS