The rumour about Arkade Developers’ initial public offering (IPO) has been amazing, and for good reason. This real estate development company has noticed a high demand from investors, and now the point we have all been waiting for is here, the IPO share allotment status is out now:
Key Dates and Allotment Details
- Allotment Status: You can now check if you been been allotted shares. The process is simple and can be done online through the BSE website or Bigshare Services Pvt Ltd, the official portal of the IPO registrar.
- Credit of Shares: If you are lucky, wish the shares to be credited to your demat account on September 23.
- Refunds: For those whose applications were not successful, refunds will be initiated on the same day.
- Listing Date: Do not forget the date or mark your calendars for September 24, when the shares will be listed on both BSE and NSE.
How to Check Your Allotment Status
On the BSE Website:
- Go to the BSE website here.
- Choose ‘Equity’ in the Issue Type.
- Choose ‘Arkade Developers Limited’ from the Issue Name dropdown menu.
- Enter either your Application No. or PAN.
- Verify by ticking the ‘I am not a robot’ box and click on ‘Search’.
Your allotment status will pop up on the screen.
On Bigshare Services:
- Visit the Bigshare Services website here.
- Select ‘Arkade Developers Limited’ in the Company Selection dropdown menu.
- Choose among Application No., Beneficiary ID, and PAN in the Selection Type.
- Enter the details as per your selection.
- Enter the Captcha code and click on ‘Search’.
Your allotment status will be shown on the screen.
MUST READ: Arkade Developers IPO Subscribed 27x: Why Investors Are Rushing to Get In
Grey Market Premium (GMP) Insights
Arkade Developers shares are hot in the grey market! The current grey market premium (GMP) is ₹86 per share, which means the shares are trading at a premium of ₹86 over the issue price.
This means an estimated listing price of ₹214 per share, a 67% premium over the IPO price of ₹128 per share.
IPO Details
- Subscription Period: September 16 to 19
- Allotment Date: September 20
- Listing Date: September 24
- Issue Size: ₹410 crore, entirely a fresh issue of 3.2 crore equity shares
- Price Band: ₹121 to ₹128 per share
The IPO was a huge hit, with an overall subscription of 106.83 times. The retail category was subscribed 51.39 times, the Non-Institutional Investors (NII) category 163.02 times, and the Qualified Institutional Buyers (QIBs) portion 163.16 times.
Final Thoughts
Arkade Developers’ IPO has grabbed the market’s attention, which shows strong investor confidence. With the shares set to list soon, investors are eagerly waiting to see how the stock performs on its debut. If you are an investor, make sure to check your allotment status and get ready for the listing day.
To know more in detail, click here.
Disclaimer
The information provided in this article is for general informational purposes only. Please verify all details with official financial websites like BSE or NSE before making any investment decisions. We do not offer any financial advice or guarantees on stock performance. Always consult a financial expert for personalized advice.