The much-anticipated Arkade Developers IPO opened for subscription on September 16, 2024, and will close on September 19, 2024. The IPO aims to raise approximately ₹410 crores. Arkade Developers IPO subscription status shows strong interest from various investor categories, including QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), and RII (Retail Individual Investors). The price band is set between ₹121 to ₹128 per share, and the lot size is 110 shares, translating to a minimum application amount of ₹14,080.
Arkade Developers IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
| QIB | 0.25 | 0.47 | 0.65 | 0.00 |
| NII | 8.39 | 29.95 | 62.40 | 0.00 |
| bNII | 5.92 | 23.11 | 51.98 | 0.00 |
| sNII | 13.34 | 43.64 | 83.24 | 0.00 |
| RII | 8.66 | 21.30 | 35.67 | 0.00 |
| Total | 6.26 | 17.35 | 31.64 | 0.00 |
Here is a snapshot of the subscription status
This strong subscription shows positive interest from investors, particularly in the NII category, where both big and small investors have contributed significantly.
Arkade Developers IPO Overview
Arkade Developers Limited is a leading real estate firm in Mumbai, Maharashtra, with a remarkable track record of delivering high-quality projects. Established as a building project firm, Arkade Developers has expanded its portfolio to include large-scale gated communities, including notable projects such as Arkade Nest, Arkade Prime, Arkade Crown, Arkade Aspire, and Arkade Aura. To date, the company has completed 27 projects, encompassing over 4 million square feet and serving over 4,000 customers. The ongoing IPO is a Mainline IPO listed on both the BSE and NSE exchanges, providing investors with the opportunity to invest in one of the most reputable real estate developers in the region. With five ongoing projects and two upcoming developments that will cover around 2 million square feet, the company’s growth trajectory is set to continue.
Investor Categories for Arkade Developers IPO
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): High-net-worth individuals (HNIs), NRIs, companies, trusts, etc.
- Retail Individual Investors (RII): Individual retail investors and NRIs
- Employee (EMP): Eligible employees of Arkade Developers
- Others: Eligible shareholders of Arkade Developers
Arkade Developers IPO Details
- IPO Price Band: ₹121 – ₹128 per share
- Market Lot: 110 shares
- Retail Quota: 35%
- QIB Quota: 50%
- NII Quota: 15%
For more details on the Arkade Developers IPO price band, subscription status, and allotment, visit IPO Grey Market.
How to Apply for Arkade Developers IPO
You can apply for Arkade Developers IPO using the ASBA (Application Supported by Blocked Amount) option through your bank account or download the IPO forms online and submit them to your bank or broker. Here’s how to apply:
Applying through Zerodha
- Log in to your Zerodha account.
- Navigate to the ‘Portfolio’ section and click on ‘IPO’.
- Select “Arkade Developers IPO”.
- Enter your UPI ID, bid quantity, and price.
- Submit the application and approve the mandate via UPI.
Applying through Upstox
- Log in to your Upstox account.
- Select the Arkade Developers IPO from the IPO section.
- Confirm your bid details and submit the application.
- Approve the mandate via UPI.
Applying through Paytm Money
- Log in to Paytm Money.
- Select Arkade Developers IPO from the list.
- Confirm the bid and complete the application.
- Approve the mandate via UPI.
For more information on applying through different platforms, check outour IPO Forms page.
Arkade Developers IPO GMP (Grey Market Premium)
The Arkade Developers IPO Grey Market Premium (GMP) is an essential factor that investors track to assess the market sentiment before the listing. For live updates on Arkade Developers GMP, visit IPO GMP Live Updates.
FAQs on Arkade Developers IPO Subscription Status
Q1. When does Arkade Developers IPO subscription start?
The IPO subscription starts on September 16, 2024, and ends on September 19, 2024.
Q2. How do I check Arkade Developers IPO subscription status today?
You can check the live subscription status on IPO Grey Market, which is updated on an hourly basis.
Q3. How do I apply for Arkade Developers IPO?
You can apply through ASBA in your bank’s online portal or using forms available on IPO Forms Page.
Q4. What is the Arkade Developers IPO allotment date?
The allotment date will be announced shortly after the closure of the IPO subscription.
Q5. What is the Arkade Developers IPO GMP?
The GMP for Arkade Developers IPO is updated live on our IPO GMP Page.
Disclaimer
The information provided here is for educational purposes and does not constitute financial advice. Always perform your due diligence before investing. For more details, visit ipograymarket.com.
