Arkade Developers IPO subscribed 2.87x so far

16 Sep 2024 , 01:33 PM

Arkade Developers’ initial public offering (IPO) begins subscriptions on September 16, 2024 and ends on September 19, 2024. The allotment for Arkade Developers’ IPO is expected to be finalised on Friday, September 20, 2024. Arkade Developers’ IPO will be listed on the BSE and NSE, with a tentative listing date of Tuesday, September 24, 2024.

Arkade Developers’ IPO price range is set at ₹121 to ₹128 per share. The minimum lot size for an application is 110 shares. The minimum investment for retail investors is ₹14,080. The minimum lot size investment for sNII is 15 lots (1,650 shares) for ₹211,200, while for bNII it is 72 lots (7,920 shares) worth ₹1,013,760.

As of 1:29 p.m. The employee reserved portion of the IPO was subscribed 4.68 times followed by the retail portion which was subscribed 2.53 times. The NII portion of the IPO was subscribed 3.04 times.

Investors may bid for a minimum of 110 shares and multiples thereof. The table below shows the lowest and maximum investment by retail investors and HNIs in terms of shares and amounts.

Arkade Developers Limited is a Mumbai, Maharashtra-based real estate development business that specialises in high-end, sophisticated lifestyle residential buildings.

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