Arkade Developers IPO Subscription Status

Arkade Developers' initial public offering (IPO) has garnered strong investor interest, with subscription rates increasing significantly over the four-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 40.83 times oversubscription by 11:35:11 AM on day four. This response underscores the market appetite for Arkade Developers' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 16th September 2024, has seen significant growth in investor participation across most categories. Arkade Developers attracted bids for 91,10,13,180 equity shares amounting to ₹11,660.97 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, while the Retail Investors have also demonstrated strong interest. The Qualified Institutional Buyers (QIB) have shown more modest participation.

Subscription Status of Arkade Developers IPO for Days 1, 2, 3, and 4:

Here are the subscription details for Arkade Developers IPO as of Day 4 (19th September 2024, 11:35:11 AM):

Total Applications: 3,848,427

Note: "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Arkade Developers is currently subscribed 40.83 times, with exceptional demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 90.83 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 41.69 times.
• Qualified Institutional Buyers (QIB) have shown modest interest, with a subscription ratio of 0.87 times.
• The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Arkade Developers IPO - Day 3 Subscription at 31.73 Times

Key Highlights:

• On Day 3, Arkade Developers' IPO was subscribed 31.73 times, with strong demand from Non-Institutional Investors (NII).
• NII showed significantly increased interest with a subscription ratio of 62.45 times.
• Retail investors showed increased interest with a subscription ratio of 35.83 times.
• Qualified Institutional Buyers (QIB) showed modest interest with a subscription ratio of 0.65 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Arkade Developers IPO - Day 2 Subscription at 17.41 Times

Key Highlights:

• On Day 2, Arkade Developers' IPO was subscribed 17.41 times, with continued strong demand from Non-Institutional Investors (NII).
• NII showed significantly increased interest with a subscription ratio of 29.99 times.
• Retail investors showed increased interest with a subscription ratio of 21.40 times.
• Qualified Institutional Buyers (QIB) showed modest interest with a subscription ratio of 0.47 times.
• The overall subscription trend indicated growing momentum, with all investor categories showing increased participation.

Arkade Developers IPO - Day 1 Subscription at 6.31 Times

Key Highlights:

• The IPO of Arkade Developers was subscribed 6.31 times on Day 1, with strong initial demand from Retail Investors and Non-Institutional Investors (NII).
• Retail investors showed strong initial interest with a subscription ratio of 8.75 times.
• NII investors showed early interest with a subscription ratio of 8.42 times, indicating positive sentiment among this category of investors.
• Qualified Institutional Buyers (QIB) showed minimal initial interest with a subscription ratio of 0.25 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Arkade Developers IPO:

Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.

Key features of Arkade Developers:

• Development/construction of residential buildings on land acquired by the company (new projects)
• Redevelopment of existing buildings (Redevelopment Projects)
• Developed 2.20 million square feet of residential properties as of June 30, 2024
• Completed 28 projects with a total built-up area of more than 4.5 million square meters
• 201 permanent employees and 850 contract employees as of June 30, 2024

Highlights of the Arkade Developers IPO:

• IPO Date: 16th September 2024 to 19th September 2024
• Listing Date: 24th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹121 to ₹128 per share
• Lot Size: 110 Shares
• Total Issue Size: 32,031,250 shares (aggregating up to ₹410.00 Cr)
• Fresh Issue: 32,031,250 shares (aggregating up to ₹410.00 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Book Running Lead Manager: Unistone Capital Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd