Announced Mon, 27 Jul · 17:39 IST
Northern Arc Capital reports no deviation in IPO fund usage for Q1 FY27
Compliance View source PDF
NORTHARC · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Northern Arc Capital Limited filed a statement under SEBI Regulation 32 confirming there was no deviation or variation in the use of IPO proceeds for the quarter ended June 30, 2026. The company raised Rs. 4,498.45 million (net) through its IPO on September 23, 2024. CRISIL Ratings is the monitoring agency. This is a routine quarterly compliance filing with no changes to the stated objects of the issue.
Likely market impact
Routine compliance filing. Confirms IPO funds are being used as disclosed in the prospectus. No material impact on the stock.