Arkade Developers Limited IPO GMP

ARKADE DEVELOPERS is a real estate development Company concentrating on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India’s commercial capital. 

Arkade Developers, an Book Built Issue amounting to ₹410.00 Crores, consisting entirely an an Fresh Issue of 320.37 Lakh Shares. The subscription period for the Arkade Developers IPO opens on September 16, 2024, and closes on September 19, 2024. The allotment is expected to be finalized on or about Monday, September 20, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Tuesday, September 24, 2024.

The Share price band of Arkade Developers IPO is set at ₹121 to ₹128 equity per share, with a minimum lot size of 110 shares. Retail investors are required to invest a minimum of ₹14,080, while the minimum investment for High-Net-Worth Individuals (HNIs) is 15 lots (1,650 shares), amounting to ₹211,200.

Unistone Capital Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar for the Issue. 

Arkade Developers Limited IPO GMP Today
The Grey Market Premium of Arkade Developers Limited IPO is expected in the range of ₹80 to ₹85  based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Arkade Developers Limited IPO Live Subscription Status Today: Real-Time Updates
As of 12:41 PM on 19 September 2024, the Arkade Developers Limited IPO live subscription status shows that the IPO subscribed 42.65 times on its final day of subscription period. Check the Arkade developers Limited IPO Live Subscription Status Today at BSE.

Arkade Developers Limited IPO Anchor Investors Report
Arcade Developers has raised ₹122.4 Crore from Anchor Investors at a price of ₹128 per share in consultation of the Book Running Lead Managers. The company allocated 9,562,500 equity shares to the Anchor Investors. Check Full list of Arkade Developers Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Arkade Developers Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Arkade Developers IPO allotment date is 20 September, 2024, Monday. Arkade Developers IPO Allotment will be out on 20th September 2024 and will be live on Registrar Website from the allotment date. Check Arkade Developers Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Arkade Developers Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Arkade Developers Limited IPO
Arkade Developers Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹2,500.00 Millions is required for Funding a part of the costs to be incurred in the development of their Ongoing Projects (viz. Arkade Nest, Prachi CHSL and C-Unit) (Funding Development Expenses); and 
2. Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes,

Refer to Arkade Developers Limited RHP for more details about the Company.