Northern Arc Capital fixes price band ₹777-crore IPO — details here
About Northern Arc Capital
Founded in 2014, Northern Arc Capital is a leading venture capital firm that invests in the financial services sector in India. The firm has a proven track record of investing in and helping to build successful businesses. Some of Northern Arc Capital's notable investments include Policybazaar, KreditBee, and Scripbox.
The IPO
Northern Arc Capital is planning to raise ₹777 crore through an initial public offering (IPO). The IPO will open for subscription on October 10, 2022, and close on October 12, 2022. The price band for the IPO has been fixed at ₹53 to ₹55 per share.
Use of Proceeds
The proceeds from the IPO will be used to fund the company's growth plans. This includes expanding its investment team, investing in new portfolio companies, and providing growth capital to existing portfolio companies.
Financial Performance
Northern Arc Capital has a strong financial track record. The firm has reported consistent growth in revenue and profitability in recent years. In the fiscal year 2022, the firm reported revenue of ₹105 crore and net profit of ₹25 crore.
Investment Thesis
There are several reasons to invest in Northern Arc Capital's IPO.
- Strong track record: Northern Arc Capital has a proven track record of investing in and helping to build successful businesses.
- Experienced management team: The firm's management team has a wealth of experience in the financial services sector.
- Growth potential: The financial services sector in India is growing rapidly, and Northern Arc Capital is well-positioned to benefit from this growth.
Conclusion
Northern Arc Capital's IPO is a compelling investment opportunity for investors looking for exposure to the growing financial services sector in India. The firm has a strong track record, an experienced management team, and a robust growth pipeline.
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