Mumbai, September 20, 2024 – The much-awaited Arkade Developers IPO has successfully concluded its allotment phase, with a phenomenal subscription rate of 106.40 times on the final day of bidding, September 19. This IPO, priced between Rs 121-128 per share, attracted considerable investor interest, with a lot size of 110 shares. The total IPO size was Rs 410 crore, which was fully subscribed on the very first day of bidding.
Strong Investor Response
The IPO saw bids for a staggering 2.52 billion shares against the 2.37 million shares offered, reflecting the robust demand in the market. Arkade Developers also managed to raise Rs 122.40 crore from anchor investors, further solidifying its strong market appeal.
Allotment Status: How to Check Online
Investors who bid for the IPO can now check their allotment status through two official channels:
- BSE Website:
- Go to BSE IPO Allotment Page.
- Select ‘Equity’ under the ‘Issue Type’.
- Choose Arkade Developers under ‘Issue Name’.
- Enter your PAN or application number.
- Click Submit to view your allotment status.
- Bigshare Services:
- Visit Bigshare Services Allotment Page.
- Select the company name Arkade Developers Limited.
- Use your PAN, Application Number, or Beneficiary ID to check your allotment.
- Complete the captcha and hit Search to see the result.
Expected Listing Date
Investors can look forward to the listing of Arkade Developers’ equity shares on the BSE and NSE on September 24, 2024. Market analysts have shown optimism regarding its listing potential. Anil Singhvi, Managing Editor of Zee Business, recommended subscribing to the IPO, citing the opportunity for reasonable listing gains with a solid mid-term outlook.
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