Arkade Developers Limited IPO
Arkade Developers Limited was a mainboard IPO in the Residential Commercial Projects sector, offered at ₹121–₹128 per share to raise ₹410 crore. The issue was subscribed 106.83× overall (QIBs 163.16×, NIIs 163.02×, retail 51.39×). It listed on 24 Sep 2024 at ₹175 and closed its first day at ₹166, a listing gain of +29.6% versus the ₹128 issue price. It now trades around ₹107 (-16.4% versus the issue price).
Frequently asked questions
- How many times was the Arkade Developers Limited IPO subscribed?
- The Arkade Developers Limited IPO was subscribed 106.83× overall — 163.16× in the QIB category, 163.02× among non-institutional investors, 51.39× in retail.
- What were the Arkade Developers Limited IPO listing gains?
- Arkade Developers Limited listed on 24 Sep 2024 at ₹175, closing its first day at ₹166 — a listing gain of +29.6% versus the ₹128 issue price.
- What were the retail allotment odds for the Arkade Developers Limited IPO?
- Retail was subscribed 51.39×, so a single-lot application had roughly a 1.9% chance of allotment (about 1 in 51), and allotment was finalised on 20 Sep 2024.
- What was the price band and lot size of the Arkade Developers Limited IPO?
- The price band was ₹121–₹128 per share, with a minimum lot of 110 shares (₹14,080 at the upper band).
- Who were the registrar and lead manager for the Arkade Developers Limited IPO?
- Bigshare Services Private Limited was the registrar, and Unistone Capital was the book-running lead manager.