Arkade Developers IPO allotment: Check status, GMP, subscription

The initial public offering (IPO) of Arkade Developers Limited closed for subscription on Thursday after having opened for bidding on September 16, 2024.
Arkade Developers IPO had its price band set at Rs 121 to 128 per share. The real estate company aimed to raise Rs 410 crore through it public offering, which included a complete fresh issue of 3.2 crore shares.
The IPO saw strong interest from investors, having received over 100x bids. Arkade Developers IPO saw a subscription of 113.49 times.
The retail portion was subscribed 53.78 times, while the Qualified Institutional Buyers (QIB) segment reached 172.60 times, and the Non-Institutional Investors (NII) category recorded a subscription of 172.22 times.
Investors who have bid for Saraswati Saree Depot IPO can check their allotment status online. They can log in to either the BSE website or the website of Bigshare Services Pvt Ltd, the registrar for the issue.
Go to the BSE website by clicking here.
Click on ‘Equity’.
Choose ‘Saraswati Saree Depot Limited’ from the list.
Put in your application number and PAN card ID.
Confirm that you’re not a robot and submit.
Visit the Bigshare Services Pvt Ltd website.
Select ‘Saraswati Saree Depot Limited’.
Choose the Application Number/Demat Account/PAN option and enter the details.
Enter the Captcha.
Click on the ‘SUBMIT’ option.
The latest grey market premium (GMP) for Arkade Developers IPO, as of September 20, 2024, at 06:04 AM, is Rs 60.
With a price band of Rs 128, the estimated listing price is Rs 188 (cap price plus today’s GMP). This results in an anticipated listing gain of 46.88% per share for Arkade Developers IPO.
Arkade Developers shares are set to be listed on the BSE and NSE, with the expected listing date scheduled for Tuesday, September 24, 2024.