Arkade Developers IPO Allotment: GMP, Listing, When Will Shares Credit To Demat Account?

Arkade Developers IPO: The shares allotment of Akrade IPO has been finalised, and eligible shareholders will receive either the approved equity shares of the issue or refunds of their bidding. The shares will be allotted later this week. The Rs 410 crore IPO received impressive bids from investors of all categories, and by the end of the issue, Arkade bagged bids worth Rs 32,512.34 crore.

The equity shares of Arkade Developers IPO will reflect in the demat accounts of eligible investors on September 23, while refunds will also be initiated on the same day.

However, before that investors will first need to check if their applications are approved for the IPO. To check the status of your application, investors will need to visit BSE, NSE, or the registrar Bigshare Services website.

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 a username and password. Notably, it is important to create your account at NSE to review 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.

The proposed equity shares will be listed on BSE and NSE which is likely to take place on September 24.

The latest GMP suggests a healthy listing. As per Investor Grain, Arkade Developers IPO last GMP is ₹63, last updated Sep 22nd 2024 04:26 PM. With a 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 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 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 favourable return ratios debt levels and attractive valuations at the issue price.

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.