Arcade Developers Limited IPO (Arkade Developers IPO) The allotment of shares is being finalized today on Friday. You can also check whether you got the share or not. This is a book built issue of Rs 410 crore. This IPO was open for subscription between September 16 and September 19. The shares will be listed on September 24. The company will use the money raised from the IPO to fund ongoing projects and to meet general corporate purposes.
Subscribed 113.49 times
Arcade Developers Limited's IPO has received a great response from investors. This IPO was subscribed a total of 113.49 times. The NII category was subscribed 172.22 times and the QIB category was subscribed 172.60 times. At the same time, the retail category was subscribed 53.78 times.
What is GMP?
The company's stock is seen trading with a premium in the grey market. On Friday morning, the stock was seen trading at a premium of Rs 60 compared to the issue price of Rs 128. In this way, the stock can be listed at Rs 188 with a premium of 46.88 per cent.
Check your allotment status like this
- Step 1: Visit the website of BigShare Services (https://www.bigshareonline.com/ipo_Allotment.html).
- Step 2: Click on any of the three server links.
- Step 3: Select the company name in the company selection dropdown.
- Step 4: Enter the PAN details or application number or other details in the selection type.
- Step 5: Enter the captcha and click on submit. Now you will see the share allotment status.
Image Credit: India-Tv.