Arkade Developers IPO sails through on first day of bidding. Check GMP, other details
IPO) of Arkade Developers was fully subscribed within just 2 hours of its opening, with a subscription rate of 126% so far.
Around 12 noon, the highest demand was driven by the retail investors, booking the issue by 2.15 times, followed by the non-institutional investors, subscribing the issue by 1.2 times. The portion for qualified institutional buyers had attracted only 3,300 bids against 67.44 lakh shares reserved for them.
The issue is a fresh equity sale of Rs 410 crore. In the public offer, about 50% is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Arkade Developers GMP Today
Ahead of the issue opening, the GMP for Arkade Developers was higher at Rs 80, suggesting a 62.5% premium over the issue price at the upper price band.
Arkade Developers IPO Price Band
The price band has been fixed at Rs 121-128 per equity share, where investors can bid for 110 shares in one lot.
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
By — Rohit Srivastava, Founder
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading
