Northern Arc IPO listing buzz: GMP resurges 55%; check likely listing price

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Northern Arc IPO listing buzz: GMP resurges 55%; check likely listing price - Business Standard

Quick Summary:

Northern Arc Capital shares are poised for their market debut tomorrow.

That said, if today’s GMP is taken into consideration, Northern Arc Capital shares may list around Rs 407 apiece on the bourses, including BSE, and NSE, tomorrow.

Northern Arc Capital IPO received the highest bid of 240.79 times from the Qualified Institutional Buyers (QIBs), whereas Non-Institutional Investors subscribed 142.41 times, and Retail Individual Investors (RIIs) 31.08 times, as per the NSE data.