Arkade Developers IPO: Application Status, Grey Market Premium, and Listing Date Insights

The much-anticipated Arkade Developers IPO has garnered significant attention in the investment community. As a Mumbai-based real estate developer, Arkade Developers launched its Initial Public Offering (IPO) from September 16 to September 19, with shares priced in the range of ₹121-128 per share. This blog will walk you through the latest updates on allotment status, grey market premium (GMP), and the company’s stock listing date.

Arkade Developers IPO Overview

The IPO offered 3,20,310,250 equity shares, entirely through fresh issuance, aiming to raise ₹410 crore. Investors had the opportunity to bid for shares in lots of 110 units, making it accessible for a wide range of market participants. The response to the IPO was overwhelmingly positive, with the issue subscribed an impressive 106.83 times.

The high demand was led by Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), with their portions oversubscribed by 163.16 times and 163.02 times, respectively. Retail investors showed strong interest as well, with their quota subscribed 51.39 times, while the employee segment saw 50.49 times subscription. The strong interest demonstrates the company’s appeal to various classes of investors.

Arkade Developers’ Allotment Date and Process

The allotment of shares for the Arkade Developers IPO is scheduled for Friday, September 20, 2024. Investors can expect to receive updates via SMS, email, or alerts over the weekend or by Monday, September 23, 2024, informing them of their allotment status or the revocation of their IPO mandate.

Here’s how you can check the status of your application:

1. Via BSE Website:

1. Visit the official Bombay Stock Exchange (BSE) website: [BSE Allotment Status](https://www.bseindia.com/investors/appli_check.aspx)

2. Choose Equity under the ‘Issue Type’.

3. Select Arkade Developers Limited from the dropdown menu.

4. Enter your Application Number and PAN Card details.

5. Complete the captcha verification and hit Submit.

2. Via Bigshare Services (Registrar’s Portal):

1. Go to the Bigshare Services portal: [Bigshare Allotment Status](https://ipo.bigshareonline.com/IPO_Status.html)

2. Select the IPO name from the dropdown (Arkade Developers Limited).

3. Choose from one of three options: Application number, Beneficiary ID, or PAN ID.

4. Enter the required details and complete the captcha for verification.

5. Click on Search to view your allotment status.

Bigshare Services, the registrar of this IPO, is responsible for handling the allotment, credit of shares, refunds, and investor queries. As a SEBI-registered entity, it ensures compliance with all regulatory requirements and timelines.

Arkade Developers Grey Market Premium (GMP) Update

The Grey Market Premium (GMP) of Arkade Developers has been fluctuating, reflecting the broader market’s volatility. During the IPO bidding, the GMP peaked at ₹85 per share. However, it has since corrected to ₹60 per share, implying a potential listing gain of around 48% for investors, should market conditions remain favorable.

Despite the GMP’s downward adjustment, the strong interest in the IPO suggests that investors anticipate a robust debut on the stock exchanges. The GMP serves as an unofficial indicator of the IPO’s listing performance but should not be the sole factor influencing investment decisions.

Arkade Developers: Company Overview

Arkade Developers is a prominent real estate company based in Mumbai, specializing in high-end residential developments. The company’s operations are divided into two key segments:

1. New Residential Projects: These are constructed on land acquired by the company.

2. Redevelopment Projects: The company focuses on redeveloping existing buildings in key locations.

The company’s strong foothold in the Mumbai Metropolitan Region (MMR) positions it as a leading player in the high-end real estate sector. Its expertise in delivering projects on time, coupled with experienced management, makes Arkade Developers a formidable player in the competitive real estate market.

Brokerage Opinions on Arkade Developers IPO

Leading brokerage firms have largely recommended subscribing to the Arkade Developers IPO for long-term investment. They have cited the company’s established presence in Mumbai and the MMR region, its ability to meet delivery timelines, and its experienced management team as strong points.

However, potential investors should also be aware of some risks, including ongoing litigation, increasing construction costs, reliance on third-party contractors, and fluctuating raw material prices. The cost of funds remains another concern that may impact future profitability.

Arkade Developers IPO Listing Date

The shares of Arkade Developers are expected to list on both the BSE and NSE on September 24, 2024. Investors who have successfully received allotments can anticipate the stock’s debut on that day. Given the strong subscription rates and the current GMP, a positive listing with potential gains for early investors is anticipated.

Key Takeaways for Investors

1. Strong Subscription: Arkade Developers’ IPO was oversubscribed 106.83 times, led by strong interest from QIBs and NIIs.

2. GMP Outlook: The grey market premium suggests a possible listing gain of 48%, although market volatility could influence final results.

3. Allotment Check: Investors can verify their allotment status on the BSE or Bigshare Services website by following the steps mentioned above.

4. Listing Date: Arkade Developers is scheduled to list on the stock exchanges on September 24, 2024.

5. Long-Term Prospects: While brokerage firms have expressed confidence in the company’s long-term growth, they also highlighted risks associated with litigation and rising costs.

Final Thoughts

Arkade Developers’ IPO has been a significant event in the Indian stock market, drawing widespread investor interest. With the allotment process underway, those who have successfully received shares will be keenly watching the stock’s debut on September 24. The company’s strong fundamentals and robust presence in the Mumbai real estate market, coupled with the promising grey market signals, suggest that it could offer substantial gains for both short-term traders and long-term investors.

However, it is essential to approach this investment with caution, as market volatility and the company’s inherent risks could impact performance. As always, it is advisable to consult a financial advisor before making any investment decisions.

Disclaimer: This blog is for informational purposes only and should not be considered as financial advice. Please consult a certified financial advisor before making any investment decisions.