Arkade Developers IPO: Check Allotment Status, GMP, and Important Updates
Allotment Status and Key Information
Arkade Developers shares are likely to be allotted to successful bidders on September 20 after a successful subscription of 106.40 times. The Rs 410-crore initial share sale received bids for 254 crore shares against 2.37 crore shares on offer, according to data available with the NSE.
GMP Today and Allotment Date
The company had fixed a price band of Rs 121-128 per share for its initial share sale, which is entirely a fresh issue of equity shares. Bidders can check their allotment status on the official website of the registrar, Bigshare Services Pvt Ltd.
- Arkade Developers IPO allotment date: September 20
- Check your status: Visit the registrar’s site for details.
Steps to Check Allotment Status
- Visit the registrar's website.
- Select Arkade Developers from the dropdown.
- Fill in your PAN or application number.
- Hit the Search button.
The Upcoming Listing Date
Arkade Developers shares are proposed to be listed on September 24.
Current GMP and Market Sentiment
Arkade Developers shares are commanding a GMP in the range of Rs 58-60, indicating a potential listing premium of nearly 50 percent.
Proceeds from this issue will fund the development of ongoing and upcoming projects, alongside general corporate purposes. Arkade Developers is a rapidly expanding real estate company with a robust presence in Mumbai.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.