Mumbai-based Arkade Developers has wrapped up its Initial Public Offering (IPO), which was open for bidding from September 16 to September 19, 2024. With strong investor interest, the IPO aimed to raise ₹410 crore and saw a tremendous subscription of 106.83 times, particularly driven by Qualified Institutional Bidders (QIBs) and Non-Institutional Investors (NIIs).
Key Highlights:
- Price Band: ₹121 to ₹128 per share.
- Lot Size: 110 shares.
- Subscription Stats:
- QIBs: 163.16 times.
- NIIs: 163.02 times.
- Retail Investors: 51.39 times.
- GMP (Grey Market Premium): As of now, Arkade Developers commands a GMP of ₹60 per share, hinting at a potential listing gain of around 48%.
Allotment Date:
- The basis of share allotment is expected to be finalized today, September 20, 2024.
- Investors should receive updates regarding fund debits or IPO mandate revocations over the weekend or by Monday, September 23.
How to Check Allotment Status:
You can check your allotment status on:
BSE Website:
- Visit BSE Allotment Page.
- Select Equity under “Issue Type.”
- Choose Arkade Developers Limited from the drop-down.
- Enter your Application Number and PAN.
- Complete the CAPTCHA and hit Submit.
Bigshare Services (Registrar):
- Go to the Bigshare IPO Status Portal.
- Select Arkade Developers once the allotment is finalized.
- Enter details like Application Number, Beneficiary ID, or PAN.
- Fill out the CAPTCHA and click Search.
Listing Date:
Shares of Arkade Developers are tentatively set to be listed on both BSE and NSE on September 24, 2024.
Stay tuned for more updates, and good luck with your IPO allotment! 🌟
Quinn Coyote