Arkade Developers IPO, a fresh issue and an offer for sale, received a hefty response after the issue was subscribed a massive 106 times.

Arkade Developers' stocks had a great debut on the stock exchanges. The shares were listed at Rs 175 each on the National Stock Exchange (NSE), which makes up a 36.7 per cent premium over the Rs 128 issue price.

The initial public offering (IPO) of Arkade Developers (ADL) listed with a 37 per cent premium at Rs 175 per equity share on the National Stock Exchange (NSE) against its issue price of Rs 128. The Rs 410 crore IPO consisted exclusively of fresh issues with the price band fixed at Rs 121 to 128 per equity share.

According to market observers, the grey market is signaling that Arkade Developer IPO listing price would be around ₹192

Arkade Developers' maiden issue consisted completely of a fresh issue of 3.2 crore shares, aggregating to Rs 410 crore.

Arkade Developers IPO oversubscribed 106.40 times, set to list at Rs 128, attracting all investor categories with strong fundamentals.

The Arkade Developers ₹410 crore IPO opened to strong demand, with the company setting a price band of ₹121-₹128 per share. This IPO was a fresh issuance of shares, with no Offer-For-Sale (OFS) component.

Arkade Developers IPO 2024 GMP Review Subscription Status Live Updates: Arkade Developers has initiated its Rs 410 crore initial public offering (IPO), featuring a fresh issue of 3.2 crore shares.

The trends in Northern Arc Capital IPO GMP today, or grey market premium today indicates a strong debut of shares. Analysts also expect decent listing gains for Northern Arc Capital IPO investors.