Northern Arc Capital

Northern Arc secures $65 mn commitment from global firms for climate fund

NBFC firm Northern Arc on Thursday said it has secured USD 65 million from global development banks for maiden climate fund through its fund management arm, Northern Arc Investments IFSC Trust. The climate fund gets commitment of USD 50 million from the United States International Development Finance Corporation (DFC) and USD 15 million from OeEB, the official Development Bank of the Republic of Austria, Northern Arc said in a statement. Located in Gujarat International Finance Tec-City (GIFT City), the climate fund will extend debt financing to growth-stage companies operating in sectors such as commercial, industrial, and residential solar energy, energy efficiency, green buildings and materials, e-mobility, and sustainable agriculture, it said. Additionally, it will focus on businesses innovating in the circular economy, water segment and adaptation technologies that seek to reduce environmental impact and promote long-term resilience, it said. The fund aligns with India's broad

Northern Arc Capital Q2 results: Net profit rises 24% to Rs 98 cr

NBFC firm Northern Arc Capital, which listed on the bourses last month, reported a 24 per cent increase in consolidated net profit to Rs 96 crore for the second quarter ended September 2024. The lender had earned a net profit of Rs 79 crore in the same quarter in the previous financial year. The total income increased to Rs 585 crore during the quarter under review against Rs 437 crore in the same quarter last year, Northern Arc Capital Ltd said in a regulatory filing. Its net interest income (NII) rose to Rs 288 crore compared to Rs 196 crore a year ago. On the asset quality front, the gross non-performing assets (NPAs) ratio stood at 0.60 per cent, while net NPA stood at 0.18 per cent as of September 30, 2024. During the quarter, the NBFC firm raised fresh equity capital of Rs 500 crore through an initial public offering. Capital Adequacy Ratio stood at 24.9 per cent at the end of the second quarter. Asset Under Management grew by 22 per cent to Rs 12,309 crore as of September

Northern Arc Capital shares climb over 8% after Q2 results; NII grows 47%

Recently listed non banking financial company (NBFC) Northern Arc Capital shares rose 8.57 per cent at Rs 252 a piece on the BSE in Tuesday's intraday deals

Northern Arc aims to raise Rs 1,000 cr through alternate investment fund

Non-bank lender Northern Arc on Monday said one of its arms is aiming to raise Rs 1,000 crore in an alternate investment fund (AIF). The category II AIF aims to raise Rs 1,000 crore, and has the scope to raise an additional Rs 500 crore through the green shoe option. The "Finserv Fund" being launched by the recently listed NBFC's subsidiary Northern Arc Investment Managers (NAIM) will use the money for lending to six varied sectors which will help improve financial inclusion and economic growth, as per an official statement. The six sectors include small businesses, affordable housing, vehicle finance, agriculture finance, microfinance and consumer finance, it said. The AIF is targeting to invest in 45-55 entities across its four-year cycle and deliver an internal rate of return of 14-14.50 per cent to the investors, NAIM chief executive Bhavdeep Bhatt said. The investment strategy focuses on higher risk-adjusted returns and regular investor cash flows by investing in a diversifie

Northern Arc Capital share price rises 5% on strong June quarter results

Shares of Northern Arc, which listed on September 24 on the bourses, surged after reporting strong quarterly results in the June quarter of FY25 (Q1FY25).

Northern Arc Capital makes stellar debut, lists at 33% premium on BSE, NSE

Northern Arc Capital shares listed at Rs 351 on the BSE, reflecting a premium of 33.40 per cent against the issue price of Rs 263

Northern Arc IPO listing buzz: GMP resurges 55%; check likely listing price

Northern Arc Capital shares are poised for their market debut tomorrow. Here's what GMP trends indicate about the listing prospects

Northern Arc Capital IPO subscribed 110.71 times on offer's closing day

The initial public offering (IPO) of non-banking financial institution Northern Arc Capital Ltd received 110.71 times subscription on the closing day of the share sale on Thursday. The Rs 777-crore share sale received bids for 2,37,79,44,639 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) got subscribed 240.79 times, while non-institutional investors subscribed the offer 142.28 times. The category for retail individual investors (RIIs) fetched 30.74 times subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company has a price range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an offer for sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 ...

Northern Arc Capital IPO got subscribed 9.98 times on Day 2 of offer

The initial public offer of non-bank financial institution Northern Arc Capital Ltd got subscribed 9.98 times on the second day of bidding on Tuesday. The share sale received bids for 21,43,97,349 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for non-institutional investors received 21.71 times subscription while the Retail Individual Investors (RIIs) part got subscribed 10.82 times. The portion meant for Qualified Institutional Buyers (QIBs) garnered 20 per cent subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company will conclude on September 19. The price has been fixed in the range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue si

Northern Arc Capital gets Rs 229 cr from anchor investors ahead of IPO

According to a circular uploaded on BSE's website, the company has allotted 8.702 mn equity shares to 15 funds at Rs 263 apiece, which is also the upper end of the price band

Northern Arc Capital's Rs 777 cr IPO to open on Mon, price band Rs 249-263

Non-bank financial institution Northern Arc Capital on Wednesday said it has fixed a price band of Rs 249-263 per share for its upcoming Rs 777 crore initial public offering (IPO). The Chennai-based company's initial share sale will open for public subscription on September 16 and conclude on September 19. The bidding for anchor investors will open for a day on September 13. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 crore. Those offering shares through the OFS are Leapfrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Eight Roads Investments Mauritius II Ltd, Sumitomo Mitsui Banking Corporation, 360 ONE Special Opportunities Fund (formerly known as IIFL Special Opportunities Fund) and Dvara Trust. Proceeds from the fresh issue woul

udaanCapital ties up with Northern Arc Capital for financing 50,000 kiranas

udaanCapital currently helps disburse over Rs 8,000 crore credit a year to 150,000 kiranas and small businesses. The credit is short-term and ranges from Rs 10,000 to Rs 25 lakh

Zypp Electric raises $1 mn from Northern Arc to expand EV fleet service

Zypp is growing its user base on Zypp rentals at 300 per cent month-on-month with the plans of expansion and investment on more scooters under its fleet, it said

Financial services player Northern Arc group buys Smile Microfinance

The transaction involves taking over the microfinance portfolio of Smile along with its 150 branches catering to over 2 lakh customers served by around 850 employees

Northern Arc Group to acquire SMILE Microfin

The transaction will involve the takeover of the microfinance portfolio of S.M.I.L.E., along with its network of nearly 150 branches catering to over 0.2 million customers.

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far raised over Rs 270 crore in equity and over Rs 1,200 crore in debt investments. The company said the funds will be utilised to expand its scale of operations. It will also further enhance its product offerings, including credit cards for small businesses/ shops and improve underwriting capabilities to extend credit to the new to credit (NTC) segment using AI and machine learning. The firm plans to expand its business to one crore borrowers in FY2023, the statement said. It is projecting an overall revenue of over Rs 500 crore, it said. The company provides an instant line of credit for small business transactions and small-ticket size personal loans to new credit customers.

Northern Arc Capital files DRHP for IPO with market regulator Sebi

Northern Arc Capital Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share-sale

CDC Group partners with Northern Arc Capital for first pooled bond issuance

CDC's investment in the transaction is supported by a partial guarantee provided by Northern Arc

Agritech firm Origo raises Rs 35 cr debt from Northern Arc Capital, others

Origo provides end-to-end agriculture supply-chain solutions such as procurement, storage, and financing

Northern Arc Investments announces first close of $23 mn in latest fund

This is the eighth debt fund from the Northern Arc platform and the first to onboard international investors. It targets an overall corpus of $100 mn, including greenshoe of $50 mn