Northern Arc Capital And Shree Tirupati Balajee Agro To Launch IPOs Following SEBI Approval

Northern Arc Capital:

• Sector: Financial services focused on lending to underserved markets.
• IPO Details: New equity shares worth ₹500 crore and up to 2.1 crore existing shares.
• Purpose: To bolster its capital base and drive business expansion.
• Significance: Enhances the company's ability to serve its target sectors more effectively.

Shree Tirupati Balajee Agro:

• Sector: Agro-commodity business, dealing in processing and trading.
• IPO Details: Issuing 1.3 crore new shares and selling 36.45 lakh shares held by promoter Binod Kumar Agarwal.
• Purpose: To meet working capital needs and fund other corporate activities.
• Significance: Supports the company's operational growth and market reach.

Both approvals from SEBI are pivotal steps towards their public listings, potentially offering new investment opportunities in their respective sectors.