Arkade Developers IPO Share Allotment Finalised: How To Check Allotment Status Online? GMP, Listing Details

Arkade Developers IPO: The allotment of shares of Arkade IPO has been finalised and investors view their application status on BSE, NSE and the registrar's website for the public offer aka Bigshare Services. The Rs 410 crore IPO received mind-boggling bids worth Rs 32,512.34 crore during the 3-day subscription duration for the IPO.

Arkade Developers IPO Allotment Status:

Investors can check their application status on BSE, NSE, and the registrar's website of the IPO aka Bigshare Services.

To check the application status on Bigshare Services - Click on the link below.

https://ipo.bigshareonline.com/IPO_Status.html

Once you open the link, select 'Arkade Developers' in the IPO option in the link, and add either 'Application No' or 'Beneficiary ID', or 'PAN' - to check the status. Further, add the captcha code for verification and click on the 'Search' button to view the allotment status.

To Check Your Application Status On BSE. Click On the link below:

https://www.bseindia.com/investors/appli_check.aspx

Once directed to the page of IPO allotment of BSE, select ''Equity' under the option of 'Issue Type.' Select Arkade Developers IPO in the ''Issue Name' dropdown, and enter your PAN card details. Again, to complete the process, add captcha verification and click on 'Search' to view the status of your application.

To Check Your Application Status On NSE. Click on the link below:

www.nseindia.com/products/dynaContent/equities/ipos/ipo_logi

At NSE, investors will be required to log-in to their account using username and password. Notably, it is important to create your own account at NSE for reviewing your application status. Once logged in, select 'Arkade Developers' in the issue name section. Further, verify your PAN details, and provide your application number to know the status.

Arkade IPO GMP Today:

As per Investor Grain, Arkade Developers IPO last GMP is ₹63, last updated Sep 21st 2024 06:03 AM. With the price band of 128.00, Arkade Developers IPO's estimated listing price is ₹191 (cap price + today's GMP).The expected percentage gain/loss per share is 49.22%.

Arkade IPO Listing Date:

The proposed equity shares of the that are finalised will be listed on BSE and NSE. The shares are likely to be listed on September 24.

Arkade Developers Ltd. is a real estate development company concentrating on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India's commercial capital.

According to brokerage SMIFS, Arkade is as a good long term investment due to the company's presence in the most lucrative real estate pocket of the country coupled with handsome growth prospects and favorable return ratios and debt levels and attractive valuations at the issue price.

As of June 30, 2024, Arkade's Upcoming Projects comprise 6 projects in MMR, Maharashtra i.e., 1 New Project, viz., Arkade Rare located in Bhandup, i.e. Copper Rollers Private Limited, and 5 Redevelopment Projects i.e., 1 project Arkade Vistas and Arkade Views located in Goregaon East, 2 projects viz., Municipal Employees Arunachal Co-operative Housing Society and Maheshwar Niwas Co-operative Housing Society located in Santacruz West, 1 project viz., Laxmi Ramana Co-operative Housing Society located in Goregaon West and 1 project Nutan Ayojan Nagar Co-operative Housing Society located in Malad West, respectively.

Additionally, as of June 30, 2024, Arkade has received letters of intent for 2 redevelopment projects for which the company has yet to execute a contract. While Arkade has over the years developed projects at different price points, the company is currently developing projects which have a very broad per unit price point ranging from ₹9.44 million to ₹ 62.53 million.

Arkade IPO Details:

The IPO was 100% book building, while its price band were Rs 121 to Rs 128 per share. The IPO opened on September 16 and continued till September 19.

On the final day, the IPO was 100% book building, while its price band were Rs 121 to Rs 128 per share. The IPO opened on September 16 and continued till September 19. Of the total bid size, the portion reserved for Qualified Institutional Buyers (QIBs) oversubscribed by 163.16x, while the portion of Non-Institutional Investors(NIIS) also oversubscribed by 163.02 points, and lastly the Retail Individual Investors (RIIs) oversubscribed the IPO by 51.39x.