Arkade Developers IPO Allotment Status

Summary

Arkade Developers IPO has received an overwhelming response from investors, closing with an exceptional subscription of 113.20 times by 19th September 2024 at 5:39:09 PM (Day 4). The public issue witnessed substantial demand across various investor categories, with the Qualified Institutional Buyers (QIB) category leading the charge. The QIB segment was subscribed 172.60 times, reflecting significant interest from institutional investors.

The Non-Institutional Investors (NII) category demonstrated strong engagement, subscribing 172.03 times, with big NIIs (bids above ₹10L) subscribing 169.95 times and smaller NIIs (bids below ₹10L) subscribing 176.19 times. Retail investors showed robust interest, with the IPO being subscribed 53.28 times in this category. The Anchor Investors portion was fully subscribed. This exceptional response across all categories underscores the extremely positive market sentiment towards Arkade Developers' offering and suggests highly optimistic investor expectations for the company's future performance.

Check Arkade Developers IPO Allotment Status:

How to Check Arkade Developers IPO Allotment Status on the Bigshare Services Site?

Step 1 - Visit the web portal of Bigshare Services Pvt Ltd. (https://www.bigshareonline.com/ipo_Allotment.html)

Step 2 - From the dropdown menu, select Arkade Developers IPO.

Step 3 - Choose one of the following three modes: PAN ID, Demat Account number, or Application number

Step 4 - Select "Application Type," then "ASBA" or "non-ASBA."

Step 5 - Enter the information relevant to the mode you have chosen.

Step 6 - For security purposes, fill out the captcha accurately.

Step 7 - Click "Submit."

How do you check Arkade Developers IPO Allotment Status on BSE?

On the websites of the Bombay Stock Exchange (BSE), investors who placed a bid for the Arkade Developers IPO can monitor the allotment status:
For BSE:

Step 1 - Visit this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select "Equity" in the "Issue Type" dropdown.

Step 3 - Choose "Arkade Developers Limited" from the dropdown menu under "Issue Name."

Step 4 - Enter your application number and PAN ID.

Step 5 - Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How do you check the IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Arkade Developers IPO Timeline:

Arkade Developers IPO Subscription Status

Arkade Developers IPO received 113.20 subscriptions. By 19th September 2024 at 5:39:09 PM (Day 4), the public issue had been subscribed 53.28 times in the retail category, 172.60 times in the QIB category, and 172.03 times in the NII category.

Subscription Day 4 (as of 5:39:09 PM)
Total Subscription: 113.20 times
QIB: 172.60 times
NII: 172.03 times
Retail investors: 53.28 times
 

Subscription Day 3
Total Subscription: 31.73 times
QIB: 0.65 times
NII: 62.45 times
Retail investors: 35.83 times

Subscription Day 2
Total Subscription: 17.41 times
QIB: 0.47 times
NII: 29.99 times
Retail investors: 21.40 times

Subscription Day 1
Total Subscription: 6.31 times
QIB: 0.25 times
NII: 8.42 times
Retail investors: 8.75 times
 

Arkade Developers IPO Details

Arkade Developers' initial public offering (IPO) is a book built issue amounting to ₹410.00 crores. This offering consists entirely of a fresh issue of 3.2 crore shares.

The bidding process for the Arkade Developers IPO commenced on 16th September 2024 and concluded on 19th September 2024. The allotment results for this IPO are anticipated to be finalised on 20th September 2024. Furthermore, the shares of Arkade Developers are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 24th September 2024.

The Arkade Developers IPO price band has been established between ₹121 and ₹128 per share. Investors must apply for a minimum lot size of 110 shares, which requires a minimum investment of ₹14,080 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 15 lots (1,650 shares), totalling ₹211,200. For big non-institutional investors (bNII), the minimum investment is 72 lots (7,920 shares), amounting to ₹1,013,760.

Unistone Capital Pvt Ltd serves as the book running lead manager for the Arkade Developers IPO. Bigshare Services Pvt Ltd is designated as the registrar for this offering.