IPO subscriptions

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Northern Arc Capital IPO Oversubscribed 2.86x on Day 1: Should You Invest? Key Insights Here

Northern Arc Capital IPO: Northern Arc Capital’s ₹777 crore Initial Public Offering (IPO) has garnered significant attention, oversubscribing 2.86 times on the first day of its launch, September 16, 2024. With strong demand from retail and non-institutional investors, the IPO remains open for subscription till September 19. However, interest from Qualified Institutional Buyers (QIBs) has been relatively muted, raising the…