The Arkade Developers Limited IPO allotment is set to be finalized on September 20, 2024. Investors who applied for this highly anticipated IPO will soon know whether they have been allotted shares. The IPO, which ran from September 16 to September 19, 2024, saw an overwhelming response, being subscribed 113.20 times overall. In this blog, we’ll break down the allotment process, subscription figures, and how to check your allotment status.
Arkade Developers Limited IPO Allotment Finalization
The allotment status for the Arkade Developers Limited IPO will be available on September 20, 2024. After that, investors can check if they received shares by visiting the official websites of BSE, NSE, or the registrar, Bigshare Services. Refunds for those who did not get an allotment will be processed on September 23, 2024, while shares will be credited to the demat accounts of successful bidders on the same day.
| Event | Date |
|---|---|
| Allotment Finalization | September 20, 2024 |
| Refunds for Non-Allottees | September 23, 2024 |
| Credit to Demat Accounts | September 23, 2024 |
| Tentative Listing Date | September 24, 2024 |
Arkade Developers Limited IPO Subscription
The Arkade Developers Limited IPO received a remarkable subscription across all investor categories. The IPO aimed to raise ₹410 crore through the issuance of 3.2 crore shares. Here’s a detailed look at the subscription numbers:
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers (QIBs) | 172.60 times |
| Non-Institutional Investors (NIIs) | 172.03 times |
| Retail Investors | 53.28 times |
| Overall Subscription | 113.20 times |
The strong response, particularly from QIBs and NIIs, reflects significant confidence in the company’s growth prospects.
Arkade Developers Limited IPO GMP Today
The Grey Market Premium (GMP) for Arkade Developers Limited indicates positive investor sentiment. As of September 19, 2024, the GMP today was ₹65, meaning the shares are expected to list at around ₹193 (₹128 upper price band + ₹65 GMP). This suggests a potential 50.78% gain upon listing.
| Date | GMP | Expected Listing Price | Percentage Gain |
|---|---|---|---|
| September 19, 2024 | ₹65 | ₹193 | 50.78% |
Please note that the GMP is an unofficial figure and may fluctuate before the actual listing.
How to Check Arkade Developers Limited IPO Allotment Status
There are two main ways to check the Arkade Developers Limited IPO allotment: through the registrar’s website (Bigshare Services) or the BSE website. Here’s a step-by-step guide for both methods:
1. Checking Allotment on Bigshare Services
- Visit the Bigshare IPO Allotment page.
- Select “Arkade Developers Limited” from the dropdown menu.
- Choose your mode of checking: PAN, Demat Account Number, or Application Number.
- Enter the required information and complete the captcha.
- Click “Submit” to view your allotment status.
2. Checking Allotment on BSE
- Visit the BSE IPO Allotment page.
- Select “Equity” as the issue type.
- Choose “Arkade Developers Limited” from the dropdown menu.
- Enter your Application Number and PAN ID.
- Click “I am not a robot” and then “Search” to see your allotment status.
These simple steps will help you verify whether you’ve been allotted shares in the Arkade Developers Limited IPO.
Arkade Developers Limited IPO Financials and Listing
Arkade Developers aims to raise ₹410 crore through this IPO, with shares priced between ₹121 and ₹128. The company is set to list on September 24, 2024, on both the BSE and NSE.
| IPO Details | Information |
|---|---|
| Issue Size | ₹410 crore |
| Price Band | ₹121 – ₹128 per share |
| Lot Size | 110 shares |
| Minimum Investment for Retail | ₹14,080 |
| Listing Date | September 24, 2024 |
The funds raised through this IPO will be used for various business expansions and operational costs.
Conclusion
The Arkade Developers Limited IPO allotment is a key milestone for investors, with finalization set for September 20, 2024. The IPO has attracted significant interest across all categories, with a strong GMP today indicating potential gains upon listing. Investors should check their allotment status via the BSE or Bigshare Services websites and prepare for the company’s listing on September 24, 2024.
Keep an eye on the Arkade Developers Limited IPO allotment results and the company’s stock performance post-listing.
Hope this blog On Arkade Developers Limited IPO has been informative and insightful.
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