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Arkade Developers IPO Subscribed 31.33 times on Day 3

18 September 20242 mins read by Angel One
Arkade Developers IPO subscribed 31.33 times. The public issue subscribed 35.15 times in the retail category, 0.65 times in QIB, and 62.19 times in the NII category.
Arkade Developers IPO Subscribed 31.33 times on Day 3
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On day 3, Arkade Developers’ IPO witnessed an increased subscription from retail and NIIs. Arkade Developers’ IPO is a book-built issue worth ₹410.00 crores. It is entirely a fresh issue of 3.2 crore shares. The Arkade Developers IPO price band is set at ₹121 to ₹128 per share. 

Day Wise Subscription

On the first day of bidding, Arkade Developers IPO subscribed 6.17 times. The public issue subscribed 8.51 times in the retail category, 0.25 times in QIB, and 8.34 times in the NII category.

On 2nd day of bidding, Arkade Developers IPO subscribed 17.25 times. The public issue subscribed 21.14 times in the retail category, 0.47 times in QIB, and 29.87 times in the NII category. 

On 3rd Day, Arkade Developers IPO subscribed 31.33 times. The public issue subscribed 35.15 times in the retail category, 0.65 times in QIB, and 62.19 times in the NII category.

Grey Market Premium

Arkade Developers IPO last GMP is ₹86. With a price band of ₹128.00, Arkade Developers IPO’s estimated listing price is ₹214 (cap price + today’s GMP). The expected percentage gain/loss per share is 67.19%.

About Arkade Developers Limited

Arkade Developers Limited specialises in building opulent residential buildings. The business is divided into two main segments:

  • New Developments: Arkade Developers-owned property is being used to create upscale residential structures.
  • Redevelopment projects involve modernising and revitalising pre-existing structures to provide premium living areas.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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