Strengths, Risks, and Financials to Consider
Northern Arc Capital’s IPO, open from September 16 to 19, has garnered significant interest, with a subscription rate of 17.27 times by the third day. The company, a non-deposit-taking NBFC, boasts strong sectoral expertise and a large rural market presence. However, it faces risks such as high competition and substantial unsecured debt. Financially, it has shown consistent revenue growth, reaching ₹1,890 crore in FY24. Investors should weigh these factors before subscribing.