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The Northern Arc Capital IPO allotment has been finalized, and investors who applied for the IPO can now check their allotment status online. The IPO is scheduled to list on Tuesday, September 24. The allotment status can be checked on the website of the IPO registrar, Kfin Technologies Ltd.
To check the status, investors can visit the Kfin Technologies website (https://ris.kfintech.com/ipostatus/) and select Northern Arc Capital IPO from the drop-down menu. They will then need to enter their application number, Demat account number, or PAN. The website provides clear instructions for each method. Alternatively, investors can check their allotment status on the BSE (https://www.bseindia.com/investors/applicheck.aspx) or NSE (https://www1.nseindia.com/products/dynaContent/equities/ipos/ipologin.jsp) websites.
The article also discusses the grey market premium (GMP) for Northern Arc Capital. The GMP is currently +128, indicating that investors are willing to pay ₹128 more than the issue price in the grey market. This suggests that the IPO is expected to list at a premium, with an estimated listing price of ₹391 per share, which is 48.67% higher than the IPO price of ₹263. The GMP has been steadily increasing over the past 11 sessions, further indicating a strong listing.
Source: Northern Arc Capital IPO allotment finalised; latest GMP, step-by-step guide to check status