Huge demand from investors for the IPO of Arkade Developers. The IPO opening of subscriptions was started from September 16 and closed on September 19, and the allotment status of the same is finalized considering the response received from all the different categories of investors after a successful completion of the bidding process. And, investors will await the listing of their shares of Arkade Developers from September 24, 2024.
Arkade Developers IPO,Shares Allotment and Refund
Arkade Developers has successfully completed share allotments. The details of share allotment for successful applicants will be credited in their demat account by September 23, while the rest of the applicants whose application got declined shall get their amount back on the same date. One can, therefore, track the status of their allotment in the IPO by either BSE or Bigshare Services website as mentioned below in step-by-step manner.
How to Find Your Arkade Developers IPO Allotment Online by using BSE Website:
Click here- https://www.bseindia.com/investors/appli_check.aspx
- Choose the Equities from the Issue Type.
- Choose your Company Name from dropdown: Dekarde Developers Limited
- Choose Application Number or PAN.
- Click on Search once you validate. Your allotment will come.
Online using Bigshare Services Website:
Click here- https://ipo.bigshareonline.com/ipo_status.html#google_vignette
- Choose Company Name: Arkade Developers Limited from the dropdown list
- Fill in the details to check the status
Arkade Developers IPO Grey Market Premium (GMP)
The price of the Arkade Developers IPO GMP today stands at ₹86 per share. This demonstrates very high interest in the unlisted market. The grey market premium, therefore, points to the expectation that shares of Arkade Developers will list at ₹214 per share, a premium of 67% over the issue price of ₹128 per share made during the IPO.
IPO Details:
New-age developer Arkade Developers floated 3.2 crore equity shares in its fresh issue, which had raised ₹410 cr. The IPO price band had been set between ₹121 and ₹128 per share. The public issue was subscribed 106.83 times with great interest from all the investors across the board:
- Retail: 51.39 times subscribed
- NII: 163.02 times
- QIB: 163.16 times.
This is reflective of high investors' confidence in Arkade Developers and the tremendous growth potential of the company in the real estate sector. The equity shares of Arkade Developers Ltd will be listed on BSE and NSE both on 24 September, 2024. In this, the investors are eagerly looking for the date of listing as the performance of the company in the grey market has been very robust and there was a good demand for shares during IPO.
Issue Highlights:
IPO Date: 16 -19 Sept., 2024.
Date of Allotment: 20 Sept., 2024.
Listing date: 24 Sept., 2024.
Issue Size: ₹410 crore.
GMP: ₹86 per share, estimated listing price of ₹214 per share.
Inputs by Agencies
Image Source: Multiple Agencies
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