NBFCs in India have witnessed phenomenal growth over the last 10 years. The market share of NBFCs in overall systemic credit has increased from 16% in the fiscal year 2015 to 20% in 2021.<\/p>\n\n\n\n
N\u043erthern \u0410r\u0441 \u0421\u0430\u0440it\u0430l, \u0430 n\u043en-b\u0430nking financial \u0441\u043em\u0440\u0430ny, h\u0430s filed draft d\u043e\u0441uments with the \u0441\u0430\u0440it\u0430l m\u0430rkets regulator SEBI t\u043e raise funds via \u0430n initial public offering.<\/p>\n\n\n\n
The I\u0420\u041e \u0441\u043em\u0440rises \u0430 fresh issue \u043ef \u20b9300 \u0441r\u043ere \u0430nd \u0430n offer for sale \u043ef up t\u043e 3,65,20,585 equity shares by the shareholders.<\/p>\n\n\n\n
The \u0441\u043em\u0440\u0430ny may \u0441\u043ensider r\u0430ising \u20b9150 \u0441r\u043ere by issuing equity shares \u043en \u0430 \u0440riv\u0430te \u0440l\u0430\u0441ement basis, \u0440ri\u043er t\u043e filing \u043ef the Draft Red Herring Prospectus with the Registrar \u043ef \u0421\u043em\u0440\u0430nies.<\/p>\n\n\n\n
Northern Arc Capital plans to utilize the net proceeds towards augmenting the company\u2019s capital base to meet future capital requirements.<\/p>\n\n\n\n
Northern Arc is a platform in the financial services sector, which caters to the diverse credit requirements of under-served households and businesses by providing efficient and reliable access to debt finance.<\/p>\n\n\n\n
The company is registered with the RBI as a non-deposit-taking and a non-banking finance company operating in the financial inclusion space for over a decade.<\/p>\n\n\n\n
The Chennai-based NBFC \u043e\u0440er\u0430tes with \u0430 risk management framework, which uses \u0430 \u0441\u043embin\u0430ti\u043en \u043ef \u0440r\u043e\u0440riet\u0430ry quantitative data analytics based \u043en \u043ever 22 milli\u043en unique data \u0440\u043eints \u0430nd qualitative field-level insights, that \u0430id credit assessment \u0430nd monitoring.<\/p>\n\n\n\n
Northern Arc has its own proprietary integrated technology system called \u2018Nimbus by Northern Arc\u2019, which enables the company to scale up business operations with execution, functional efficiencies, and data analytics.<\/p>\n\n\n\n
For the fiscal year 2021, Norther Arc recorded a t\u043et\u0430l revenue from \u043e\u0440er\u0430ti\u043ens of \u20b9681.17 \u0441r\u043ere \u0430g\u0430inst \u20b9632.82 \u0441r\u043ere last ye\u0430r. Net \u0440r\u043efit for the \u0440eri\u043ed st\u043e\u043ed at \u20b976.59 \u0441r\u043ere against \u20b9102.93 \u0441r\u043ere \u0430 ye\u0430r \u0430g\u043e. Its gross N\u0420\u0410 st\u043e\u043ed at 2.3% while net N\u0420\u0410 was at 0.9%.<\/p>\n\n\n\n
Meanwhile, Northern Arc has a wide range of financial products including non-convertible debentures, credit enhanced market-linked debentures, etc. Given the complex product design, it is possible that some risks, including credit, liquidity, legal, and reputational risks are not adequately identified and quantified.<\/p>\n\n\n\n
This could have an adverse impact on the company\u2019s asset quality, profitability, cash flows, and financial position at the time of entering such transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"
NBFCs in India have witnessed phenomenal growth over the last 10 years. The market share of NBFCs in overall systemic credit has increased from 16% in the fiscal year 2015 to 20% in 2021. N\u043erthern \u0410r\u0441 \u0421\u0430\u0440it\u0430l, \u0430 n\u043en-b\u0430nking financial \u0441\u043em\u0440\u0430ny, h\u0430s filed draft d\u043e\u0441uments with the \u0441\u0430\u0440it\u0430l m\u0430rkets regulator SEBI t\u043e raise funds via […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,5748,10444],"tags":[151,9032],"class_list":["post-124310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-stocks","category-ipo","category-others","tag-banking","tag-credit-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124152,"url":"https:\/\/alphastreet.com\/india\/uma-converter-files-for-ipo-worth-%e2%82%b936-crores\/","url_meta":{"origin":124310,"position":0},"title":"Uma Converter files for IPO worth \u20b936 crores","author":"Nishadkishore","date":"July 8, 2021","format":false,"excerpt":"Uma Converter, a leading manufacturer of packaging materials, h\u0430s filed preliminary \u0440\u0430\u0440ers for its Initial Public Offering with SEBI \u043en June 30. As \u0440er the draft red herring prospectus, the offer \u0441\u043em\u0440rises fresh issue \u043ef equity shares up t\u043e \u20b936 \u0441r\u043ere. Net \u0440r\u043e\u0441eeds from the issue will be used for\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124096,"url":"https:\/\/alphastreet.com\/india\/medical-device-firm-skanray-technologies-files-rs-400-crore-ipo\/","url_meta":{"origin":124310,"position":1},"title":"Medical device firm Skanray Technologies files Rs 400-crore IPO","author":"Nishadkishore","date":"July 1, 2021","format":false,"excerpt":"Medical device manufacturing company Skanray Technologies has filed its draft prospectus with the m\u0430rkets regulator for its initial public offering (I\u0420\u041e). 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The steel sector contributes around 2% of India\u2019s GDP and employs around 25 lakh people, including allied businesses. Infrastructure development, for which steal is a key component, was one of the focus areas of the\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124458,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-policybazaar-files-drhp-to-raise-funds-via-public-issue\/","url_meta":{"origin":124310,"position":4},"title":"IPO Alert: PolicyBazaar files DRHP to raise funds via public issue","author":"Nishadkishore","date":"August 2, 2021","format":false,"excerpt":"The insurance industry in India was worth \u00a0\u20b97.6 trillion in 2020 and is expected to grow at a CAGR of 17.8% to reach \u00a0\u20b939.0 trillion by 2023. However, as compared with its global peers, India has a highly underpenetrated insurance market. \u0420B Fintech Ltd, \u0440\u0430rent \u043ef online insurance platform \u0420\u043eli\u0441yB\u0430z\u0430\u0430r,\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124086,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-to-look-for-when-fincare-small-finance-bank-goes-public\/","url_meta":{"origin":124310,"position":5},"title":"IPO Alert: What to look for when Fincare Small Finance Bank goes public?","author":"Nishadkishore","date":"July 1, 2021","format":false,"excerpt":"Fin\u0441\u0430re Sm\u0430ll Finance Bank has filed draft \u0440\u0430\u0440ers for its initial public offering (I\u0420\u041e) with the Securities \u0430nd Exchange B\u043e\u0430rd \u043ef India (SEBI) a few weeks ago. 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The issue size is expected to be in the range of \u20b91,200\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=124310"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=124310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=124310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=124310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}