Arkade Developers made a strong debut on the stock market, listing at ₹175 per share, a 36.72% jump from its issue price. The company had sold its IPO in a price range of ₹121-128 per share, with a lot size of 110 shares. The IPO, open for bidding between September 16 and 19, aimed to raise around ₹410 crore through a fresh issue of 3.20 crore equity shares.
The IPO received an overwhelming response, being subscribed 106.83 times overall. Qualified institutional buyers (QIBs) and non-institutional investors (NIIs) led the charge, with their portions subscribed 163.16 times and 163.02 times, respectively. Retail investors and employees also showed strong interest, with their quotas subscribed 51.39 and 50.49 times.
Arkade Developers, a Mumbai-based real estate company, focuses on high-end residential developments and redevelopment projects. The company has gained significant traction for its luxury lifestyle proj
