Northern Arc Capital Limited — Others, 31-07-2025: Monitoring Agency Report

Northern Arc Capital Limited has received the Monitoring Agency Report from CRISIL Ratings for the quarter ended June 30, 2025, on its IPO proceeds utilization. The IPO raised Rs 777 Cr, including a fresh issue of Rs 500 Cr. The report confirms that the net fresh issue proceeds of Rs 449.85 Cr, earmarked for onward lending, were fully utilized by December 31, 2024. There are no reported deviations from the IPO's objectives or delays in utilization. Approximately Rs 22.37 Cr, unspent from issue expenses, remains in the public offer account. This signals the company's adherence to its stated capital deployment strategy for growth.