Arkade Developers listed at Rs 175, Investors Gained 36.72%

The Arkade Developers IPO was open for subscription from September 16, 2024, to September 19th, 2024, It was listed on exchanges like NSE and BSE on September 24, 2024. The company had issued 32,031,250 shares. All shares are issued as a fresh issue from the company 

The IPO was subscribed 113.49 times the issue price leading to the last grey market premium(GMP) of Rs.63. The issue price of Arkade Developers Limited was at a price band of Rs. 121-128 and the company was listed in the exchange at Rs.175  which is a 36.72% increase from the allotment price.

Arkade is a real estate development company established in Mumbai, India's financial capital, focusing on premium lifestyle residential development. Its operations are divided into two major areas: new residential project constructions and redevelopment of existing premises. Established over two decades, the firm gained its reputation for timely project deliveries, particularly within the intensified competition of the real estate market in Mumbai.

To understand more about this stock you can check out our article Arkade Developers IPO - Good or Bad on Rupeezy’s Blog. The article explores the company’s financial health, competitive advantages, and the reasons behind the strong market response to its IPO. This analysis is crucial for investors aiming to make informed decisions.

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