ARKADE DEVELOPERS LIMITED
ListedMainboardReal Estate · NSE / BSE
Arkade Developers Limited, originally incorporated in May 1986 and later converted into a public company in July 2023, is a real estate developer focused mainly on residential projects and redevelopment work in the Mumbai Metropolitan Region (MMR). The company is known for high-quality construction and timely project delivery, which has helped build strong trust among homebuyers. Over the years, Arkade has expanded across multiple key locations in Mumbai and offers a variety of residential options. Its projects are known for modern designs, sustainable construction practices, and compliance with all necessary regulatory standards.
Price Band
₹121 – ₹128
Issue Size
₹410 Cr
Lot Size
110 shares
GMP
₹63
+49.2%
Est. Listing
₹191
at current GMP
Subscribed
113.48x
overall
Open
16 Sep 2024
Close
19 Sep 2024
Allotment
20 Sep 2024
Refund
21 Sep 2024
Demat Credit
22 Sep 2024
Listing
24 Sep 2024
Last updated 12 days ago
Official Registrar Verification
ARKADE DEVELOPERS LIMITED Allotment Status
Designated Registrar: Bigshare Services Private Limited
Allotment Date
20 Sep 2024
Basis finalization
Refunds Initiate
21 Sep 2024
Mandate release
Demat Credit
22 Sep 2024
Shares in demat
Listing Debut
24 Sep 2024
Trading begins
How to Check ARKADE DEVELOPERS LIMITED IPO Allotment Status
- Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
- Select ARKADE DEVELOPERS LIMITED from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About ARKADE DEVELOPERS LIMITED Public Issue & Market Profile
ARKADE DEVELOPERS LIMITED is bringing an initial public offering (IPO) in the Real Estate sector with an aggregate issue size of ₹410 Crores. The shares are offered at a price band of ₹121 to ₹128 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 110 shares (approx. ₹14,080 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-22, while un-allotted funds or UPI block mandates will be released on 2024-09-21.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.