IPO Watch: Northern Arc’s mix of lending services offers long-term play

September 16, 2024

Northern Arc Capital, a mid-tier nonbanking finance company, plans to raise ₹500 crore through fresh equity and ₹277 crore via an offer for sale by existing investors. The company focuses on lending to MSMEs, microfinancing, and consumer financing. Its assets under management grew by 28% annually between FY22 and FY24.

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