Ahead of its listing, the Arkade Developers IPO garnered significant attention from the investors including listing gain investors, institutional investors, and non-institutional investors. Meanwhile, the IPO share allotment process for the Arkade Developers IPO also concluded on September 20, 2024, leaving the subscribers extremely curious to check their allotment status for the Arkade Developers IPO. As many people are keenly scrounging the internet to check the application status of their allotment, we have suggested the easiest way to check the status of the Arkade Developers IPO allotment, in the following sections. Before further details, kindly note that the IPO allotment status of Arkade Developers IPO will be available to check by 6 PM today. Besides the allotment status, investors and market enthusiasts also need to check the market sentiment, GMP, and the current market trend of Arkade Developers. Delve into the details and find more details about it.
Arkade Developers IPO Subscription Breakdown
Since Arkade Developers announced its Initial Public Offering, it has been garnering impressive interest among investors, increasing a robust fund through it for its future operational activities. For the unversed, the allotment process is done through the lottery system which means there is no particular process to subscribe to an IPO, which guarantees the allotment status. Only a few applicants get allotted IPO shares in the lottery system and the probability of them being selected also depends on the subscription rate. The Arkade Developers IPO was subscribed to 106.83 times, indicating a strong market demand for this IPO.
The breakdown of Arkade Developers IPO’s subscription of 106.83 times is as the public issue 51.39x in the retail category, 163.02x in the Non-Institutional investors category, and the Qualified Institutional Buyers 163.16x. Arkade Developers IPO’s book running leading managers Unistone Capital Pvt Ltd and its registrar issue Bigshare Services Pvt Ltd. The IPO was available to be subscribed from Monday, September 16, 2024, to Thursday, September 19, 2024, and the process of allotment was finalized today, i.e. Saturday, September 21, 2024.
- Qualified Institutional Buyers (QIBs): 163.16x
- Non-Institutional Investors: 163.02x
- Retail Individual Investors (RIIs): 51.39x
However, the allotment status date of Arkade Developers IPO is September 20, 2024, but it will be available to check by 6 PM today. Moreover, the listing date of Arkade Developers’ IPO is September 24, 2024. It will be listed on both NSE and BSE. Scroll down the page.
Arkade Developers IPO Listing On BSE and NSE
The company issued a total of 3.2 crore equity shares to raise the fund of Rs 410 crore. Arkade Developers set the price band of its IPO between the range of Rs 121 and Rs 128 per share. Speaking about the gray market price of Arkade Developers’ IPO ahead of its listing on BSE and NSE, the current trends and market analysts suggested that the listing price of Arkade Developers IPO would be around Rs 214 per price, signaling at the premium of 67 percent on its listing date. The current GMP is Rs 86 per share which means that Arkade Developers shares will be Rs 86 higher than its issue price.
How To Check Arkade Developer’s IPO Allotment Status?
If you are scrambling to the web to check your allotment status of Arkade Developers IPO shares, then you can do it through BSE and Bigshare. The first step is to visit the official website of BSE where you need to navigate to the Equity section in the Issue Type and then find Arkade Developers Limited in the Issue Name section. Correctly enter the PAN number or application no. and submit your details to check the allotment status. The process is similar to the Bigshare.
- First Step: Go to Bigshare Services.
- Second Step: Provide your application number and PAN Number (Permanent Account Number).
- Third Step: Click on the submit button to check your allotment status.
The refunds of applicants who were not selected will get their refund on September 23 and the selected applicants will be credited with the shares into their demat accounts. Stay tuned to this website for more details and further updates.
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