NORTHERN ARC CAPITAL LIMITED INITIAL PUBLIC OFFERING TO OPEN ON MONDAY, SEPTEMBER 16, 2024

NORTHERN ARC CAPITAL LIMITED INITIAL PUBLIC OFFERING TO OPEN ON MONDAY, SEPTEMBER 16, 2024

Ahmedabad, September 12, 2024: Northern Arc Capital Limited (“Northern Arc” or “The Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Monday, September 16, 2024.

The initial public offering comprises a fresh issue of Equity Shares aggregating up to ₹ 5000 million (the “Fresh Issue”) and an offer for sale of up to 10,532,320 Equity Shares by the Selling Shareholders (the “Offer for Sale” and together with the Fresh Issue, the “Offer”)

The price band for the Offer is at ₹249 to ₹263 per Equity Share. (“The Price Band”).

A discount of ₹24 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

Bids can be made for a minimum of 57 Equity Shares and in multiples of 57 Equity Shares thereafter. (“Bid Lot”).

The Company intends to utilize the Net Proceeds to meet its future capital requirements towards onward lending in its focused sectors, namely, MSME financing, MFI, consumer finance, vehicle finance, affordable housing finance and agricultural finance, and to ensure compliance with the RBI regulations on capital adequacy, for Financial Year 2025. (The “Objects of the offer”)

The Equity Shares are being offered through the Red Herring Prospectus of the Company dated September 9, 2024 filed with the Registrar of Companies, Tamil Nadu at Chennai, India. (“ROC”)

The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”). For the purposes of the Offer NSE is the Designated Stock Exchange. (“Listing Details”)

All Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For further details, see “Offer Procedure” beginning on page 546.

ICICI Securities Limited, Axis Capital Limited and Citigroup Global Markets India Private Limited are the Book Running Lead Managers to the offer (“BRLMs”).