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Arkade Developers Made a Positive Demand with 37.5% Premium, shares lists at ₹176

Arkade Developers made a strong debut on September 24, listing at ₹176, a 37.5% premium over the ₹128 IPO price, showcasing positive investor high demand for its shares.
Arkade Developers Made a Positive Demand with 37.5% Premium, shares lists at ₹176

Arkade Developers had an impressive stock market debut on September 24, with shares listing at ₹176 on the BSE, a 37.5% premium over the IPO price of ₹128 per share. The company’s strong start reflects positive investor sentiment and demand for its shares.

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Arkade Developers IPO on Day 4 saw strong demand with QIBs subscribing 163.16 times, Non Institutional Investors at 163.02 times, Retail Individual Investors at 51.39 times, and Employees at 50.49 times, bringing the total subscription to 106.83 times overall.

Arkade Developers Limited, established in 2003, focuses on premium residential and redevelopment projects in Mumbai. With 28 completed projects and 4.5 million square feet developed, they have served over 4,000 customers. Known for timely delivery, their customer-centric approach emphasises high-end, sustainable homes with lifestyle amenities, financed primarily through promoter equity and internal accruals.

Arkade Developers Ltd aims to fund ongoing and future projects, utilising ₹250 crores for development costs, and allocating 35% of gross proceeds for land acquisition and corporate purposes in Mumbai.

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