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PremiumArkade Developer share price Highlights: This comes after the company's successful initial public offering (IPO) that raised ₹410 crore through a fresh issue of 3.2 crore shares. The IPO, which was open for subscription from September 16 to September 19, 2024, saw strong interest from investors.
On Tuesday, shares of Arkade Developer settled 5.71 per cent lower at ₹165.85 apiece on the BSE.
Shivani Nyati, Head of Wealth, Swastika Investmart Ltd:
"Arkade Developers Limited made a good entry into the stock market, listing at Rs. 176 per share, a substantial 37% premium over its issue price of Rs. 128. This robust performance underscores the strong investor interest evident in the IPO's oversubscription of 113 times.
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra. The company's consistent financial growth and expansion plans have positioned it favorably in the market.
Overall, Arkade Developers Limited made strong listing debut reflects investor confidence in the company's growth potential and financial stability. Investors may consider booking part profit here, and those who want to hold it for the long term may keep a stoploss of the issue price."
Shivani Nyati, Head of Wealth, Swastika Investmart, said, “Arkade Developers Limited made a good entry into the stock market, listing at Rs. 176 per share, a substantial 37% premium over its issue price of Rs. 128. This robust performance underscores the strong investor interest evident in the IPO's oversubscription of 113 times."
“Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra. The company's consistent financial growth and expansion plans have positioned it favorably in the market," Nyati added.
“Overall, Arkade Developers Limited made strong listing debut reflects investor confidence in the company's growth potential and financial stability. Investors may consider booking part profit here, and those who want to hold it for the long term may keep a stoploss of the issue price," she further claimed.
Arkade Developers Ltd. made an impressive stock market debut on Tuesday, with shares listing at a 37% premium to the IPO price. The stock opened at ₹175.9 per share, well above its issue price of ₹128, marking a strong start for the company's entry into the public market.
The share allocation for Arkade Developer's IPO was divided among different investor categories, with a total of 2,23,12,500 shares on offer. Qualified Institutional Buyers (QIB) were allocated 63,75,000 shares, while Non-Institutional Investors (NII) received 47,81,250 shares. Among the NIIs, small investors were given 15,93,750 shares, and large investors were allocated 31,87,500 shares. Retail investors secured the largest allocation, receiving 1,11,56,250 shares.
Market analysts report that the Arkade Developer IPO has seen a favorable response from primary market investors, while the overall mood in the secondary market remains optimistic. Experts further indicated that strong grey market trends point to a promising listing for Arkade Developer shares. They predict the shares could list at a premium of over 50%. Currently, the grey market premium is around ₹64, signaling a potential 50% listing gain for those who have been allotted shares. Read more
Arkade Developer IPO Listing Live: Arkade Developers has attracted substantial interest from anchor investors. The Mumbai-based real estate firm has successfully raised ₹122.40 crore through this pre-IPO placement.
