Mumbai – Arkade Developers hit the stock market today with some serious heat 🔥, debuting at ₹176 per share, a solid 37.5% premium over its IPO price of ₹128. While the hype was real (literally), it didn’t quite reach the Grey Market expectations, which had the stock pegged to pop by 50%. Still, Arkade’s listing was nothing short of a win 🎉, and investors were buzzing.
IPO Frenzy Levels 100 💥
Let’s just say Arkade’s IPO was the talk of the town – no cap. The ₹410 crore public issue was subscribed an insane 106 times. Like, mad love from investors across the board! 😎
- QIBs (Qualified Institutional Buyers) went wild, subscribing 163.16 times.
- Non-institutional investors? Right there with a crazy 162.75 times.
- Even retail individual investors were not playing, pulling in 50.65 times.
Arkade’s debut had the whole market vibing, but the big question is, what’s next for this real estate star? 🌟
Prime Real Estate Moves 🏙️
Arkade Developers is already a major player in Mumbai’s prime locations. Their portfolio is stacked with cool new developments and chic redevelopment projects – they’ve got the Mumbai skyline looking fresh 👌. Plus, with their steady revenue growth and solid financial game, Arkade’s fundamentals are built like a skyscraper. ⛪️
Here’s How Arkade’s Spending the Bag 💰
Now that Arkade has secured that ₹410 crore, they’ve got some major plans on deck:
- Pumping funds into their ongoing real estate projects like Arkade Nest, Prachi CHSL, and C-Unit 🏗️.
- Scouting for new land to drop some 🔥 future projects (locations still TBA, so stay tuned for that tea 🫖).
- Covering general corporate costs (you know the drill, every empire needs a solid foundation).
Before the IPO even dropped, Arkade had already raised ₹122.4 crore from anchor investors – that’s some big money moves right there. 💸
Missed GMP But Still Winning 👑
Even though the listing premium didn’t hit the Grey Market’s 50% estimate, Arkade’s 37.5% debut is still a major win. Investors are hype, and with the company’s strong foothold in Mumbai and future projects lined up, Arkade is clearly here to shake up the real estate scene for the long haul. 🔥
Final Thoughts? This is Just the Beginning 💥
Arkade Developers is coming out strong 💪, and with all eyes on their next steps, it’s only going to get more interesting from here. Whether it’s new projects or their ambitious real estate plans, Arkade’s got everyone’s attention. 📊
Stay locked in for more market updates and IPO drops – things are just heating up. 🌶️
That’s it, folks! Arkade’s debut may have missed the GMP hype, but it’s definitely made its mark. 📈