Arkade Developers IPO
Real Estate - Listed on 24 September 2024
Arkade Developers IPO listing summary
Arkade Developers (Real Estate) closed its IPO window in 2024 and listed on NSE and BSE on 24 September 2024 at an upper band issue price of Rs 128, opening at Rs 175 for a listing gain of +36.7% and closing day one at Rs 165.86 (+29.6% on closing basis). The IPO was subscribed 106.83x overall - QIB 163.16x, HNI/NII 163.02x, Retail 51.39x. The total issue size was Rs 410 Cr (Fresh Issue Rs 410 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Arkade Developers IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 60 | +50.78% |
| Day 2 | Rs 60 | +54.69% |
| Day 3 | Rs 60 | +58.59% |
| Day 4 | Rs 50 | +62.50% |
| Day 5 | Rs 50 | +62.50% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Arkade Developers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Arkade Developers IPO - FAQs
What was the listing gain of Arkade Developers IPO?
Arkade Developers IPO listed at +36.7% versus the upper issue price of Rs 128 on 24 September 2024.
How many times was Arkade Developers IPO subscribed?
Arkade Developers IPO was subscribed 106.83x overall. QIB portion was subscribed 163.16x, HNI / NII 163.02x and Retail 51.39x.
What was the IPO GMP for Arkade Developers?
IPO GMP started at Rs 60 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.