Arkade Developers IPO 2024 GMP Review Subscription Status Live Updates: Arkade Developers has initiated its Rs 410 crore initial public offering (IPO), featuring a fresh issue of 3.2 crore shares.

Arkade Developers IPO, a fresh issue and an offer for sale, received a hefty response after the issue was subscribed a massive 106 times.

Arkade Developers closed below ₹170 mark, lower by 6%, after listing at a premium of 37% against the issue price. The IPO was subscribed 106.40 times, attracting all categories of investors. The company has fixed the issue price as ₹128,

Arkade Developers IPO 2024 Live Updates GMP Review Subscription Status GMP: The allotment of shares is expected to be finalised by. The initiation of refund is likely to be on September 23.

Arkade Developers' stocks had a great debut on the stock exchanges. The shares were listed at Rs 175 each on the National Stock Exchange (NSE), which makes up a 36.7 per cent premium over the Rs 128 issue price.

Arkade Developers was an IPO which had only a fresh issue of equity shares worth ₹410 crore, with no Offer For Sale (OFS) component.

Arkade Developers' maiden issue consisted completely of a fresh issue of 3.2 crore shares, aggregating to Rs 410 crore.

The trends in Northern Arc Capital IPO GMP today, or grey market premium today indicates a strong debut of shares. Analysts also expect decent listing gains for Northern Arc Capital IPO investors.

Arkade Developers has launched its Initial Public Offering (IPO) to raise Rs 410 crores through a fresh issue of 3.2 crore shares. The IPO received overwhelming demand, with overall subscriptions exceeding 113 times.