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
Overall Subscription
113.48x
Total Demand
QIB Multiplier
172.60x
Institutions & Funds
NII / HNI
172.83x
High Net-Worth
Retail (RII)
55.13x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 6,375,000 | 1,100,300,410 | 172.60x |
| NIB | 4,781,250 | 826,341,230 | 172.83x |
| HNIs(10L +) | 3,187,500 | 541,711,170 | 169.95x |
| HNIs (2-10L) | 1,593,750 | 284,630,060 | 178.59x |
| RETAIL | 11,156,250 | 615,033,430 | 55.13x |
| EMPLOYEES | 162,602 | 8,853,240 | 54.45x |
| Total | 27,256,352 | 3,376,869,540 | 113.48x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs (10L+) | 1,932 | 65,226 | 33.76x |
| HNIs (2-10L) | 966 | 164,292 | 170.07x |
| RETAIL | 101,420 | 4,856,661 | 47.89x |
| Employee | — | 62,673 | 0.00x |
| Total Applications | 104,318 | 5,148,852 | 49.36x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is ARKADE DEVELOPERS LIMITED IPO GMP today?
The latest Grey Market Premium (GMP) for ARKADE DEVELOPERS LIMITED IPO is ₹63 per equity share. Based on the upper price band of ₹121 to ₹128 per equity share, the estimated listing price is ₹191 (+49.2% expected listing gain).
What is the expected profit per lot for ARKADE DEVELOPERS LIMITED IPO?
With a lot size of 110 shares and current GMP of ₹63, the expected profit per application lot is approx ₹6,930 (+49.2% gain). Minimum application cost is approx ₹14,080.
What is the issue size and price band for ARKADE DEVELOPERS LIMITED IPO?
The ARKADE DEVELOPERS LIMITED IPO aggregate issue size is ₹410 Crores with an equity price band set at ₹121 to ₹128 per equity share. The retail lot size is 110 shares requiring a minimum capital outlay of approx. ₹14,080.
How can I check ARKADE DEVELOPERS LIMITED IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 113.48x (Retail: 55.13x, QIB: 172.60x, NII: 172.83x). You can track live multiples directly on our dedicated subscription page.
Where and when will ARKADE DEVELOPERS LIMITED IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-09-20. Investors can verify status using PAN card or application number.
When is the listing date for ARKADE DEVELOPERS LIMITED IPO?
ARKADE DEVELOPERS LIMITED shares are scheduled to list on NSE and BSE on 2024-09-24.