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The initial public offering (IPO) of Northern Arc Capital has concluded, with allotment finalized and the listing date scheduled for Tuesday, September 24th. Investors who participated in the IPO can now access their allotment status online, using various platforms provided by the IPO registrar, Kfin Technologies Ltd. The article provides a detailed step-by-step guide for checking the allotment status on the registrar's website, as well as on the official websites of BSE and NSE.
The process involves accessing designated web pages, selecting the Northern Arc Capital IPO from drop-down menus, and entering relevant information such as application number, Demat account details, or PAN number. The article also highlights the significant grey market premium (GMP) associated with the IPO, currently at +128. This indicates that investors are willing to pay a premium of ₹128 over the IPO price in the grey market, suggesting strong anticipation of a robust listing. Experts cite the lowest GMP as ₹0 and the maximum GMP as ₹202, demonstrating a range of investor sentiment.
The grey market premium, considered an indicator of investor confidence and anticipated price appreciation, reflects the perceived value and potential upside of the company. The article further analyzes the estimated listing price based on the IPO price band and the current GMP, suggesting a possible listing price of ₹391, representing a 48.67% increase over the IPO price of ₹263. These estimations, along with the upward trend in GMP over the past 11 sessions, suggest a potential for strong market performance upon listing.
Source: Northern Arc Capital IPO allotment finalised; latest GMP, step-by-step guide to check status