Northern Arc Capital’s IPO, which opened for subscription on Monday, has been subscribed five times by the second day. Non-institutional investors showed the strongest demand, subscribing nine times. The IPO consists of an offer for sale worth Rs 277 crore and a fresh issue of up to Rs 500 crore. Analysts recommend subscribing due to the company’s strong growth potential. Northern Arc Capital’s IPO, which opened for subscription on Monday, has been subscribed five times by the second day. Non-institutional investors showed the strongest demand, subscribing nine times. The IPO consists of an offer for sale worth Rs 277 crore and a fresh issue of up to Rs 500 crore. Analysts recommend subscribing due to the company’s strong growth potential. Economic Times
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