The share allotment for Northern Arc Capital’s IPO will be finalized on Friday, September 20. The subscription period for Northern Arc Capital IPO ran from Monday, September 16 to Thursday, September 19.
To check share allotment, investors need to provide PAN details and application number. Investors can check their allotment status online through the BSE website or Kfin Technologies Limited.
The IPO received strong subscription, with qualified institutional buyers (QIBs) subscribing 240.79 times, non-institutional investors (NIIs) subscribing 142.41 times, retail investors 31.08 times, and employees 7.33 times. By the end of the last bidding day, the IPO was oversubscribed by 110.91 times.
The refund process for those who did not receive shares will start on Monday, September 23. Investors who were allotted shares will see them credited to their demat accounts on the same day. Northern Arc Capital’s IPO is set to be listed on Tuesday, September 24.
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