Quarterly Updates14 May 2026, 07:01 pm
Northern Arc Capital: Monitoring Report for Q4 FY26
AI Summary
Northern Arc Capital Ltd. has released the Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of IPO proceeds. The report, dated May 14, 2026, confirms that there are no deviations from the stated objectives of the issue. The initial public offer included a fresh issue of ₹5,000 million and an offer for sale (OFS) of ₹2,770 million.
Key Highlights
- CRISIL Ratings monitored the IPO proceeds utilization for Q4 FY26.
- No deviations were noted from the IPO's stated objectives.
- The IPO included a fresh issue of ₹5,000 million and OFS of ₹2,770 million.
- Net proceeds from the fresh issue were ₹4,498.45 million after deducting issue expenses.
Price Impact
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