Arkade Developers, a prominent real estate development company specializing in high-end residential projects in Mumbai, is set to announce the allotment status of its initial public offering (IPO) on Friday, September 20, 2024. The IPO, which was open for subscription from September 16 to September 19, received an overwhelming response from investors.
Arkade Developers IPO Subscription Details
The IPO was subscribed a staggering 106.08 times on its final day. Here’s a breakdown of the subscription figures:
- Qualified Institutional Buyers (QIB): 163.16 times
- Non-Institutional Investors (NII): 162.50 times
- Retail Investors: 50.17 times
- Employees: 49.18 times
The IPO offered a price band of ₹121 to ₹128 per share, reflecting strong investor interest.
Grey Market Premium (GMP)
As of now, Arkade Developers' shares are commanding a grey market premium (GMP) of ₹85 per share. The GMP indicates the price at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.
How to Check Arkade Developers IPO Allotment Status
You can check your IPO allotment status through the registrar’s website or the BSE and NSE websites. Here’s how:
On the Registrar’s Website
- Visit the registrar’s website.
- Select 'Arkade Developers' from the 'Select Company' dropdown menu.
- Choose between PAN, application number, or beneficiary ID and enter the relevant details.
- Enter the captcha code.
- Click on “Search” to view your allotment status.
On the BSE Website
- Go to the BSE website.
- Click on 'Equity' and select 'Arkade Developers' from the dropdown menu.
- Enter your application number and PAN.
- Click on 'Search' to view the number of shares allotted to you.
On the NSE Website
You can also check your allotment status on the NSE website by logging in and entering the necessary details.
Arkade Developers IPO Listing Date
The shares of Arkade Developers are scheduled to be listed on the stock exchanges on September 24, 2024.
Disclaimer: The content provided here is for informational purposes only and should not be construed as investment advice. We recommend consulting certified, qualified, registered advisors for professional and personalized financial advice.