The company's recent 48% AUM growth in FY24, spurred by a one-time gain from asset recovery, masks underlying financial weaknesses. With a credit rating of BBB+ and an expensive valuation at 1.7x post-money book value, the risks far outweigh any potential gains.

Arkade Developers IPO GMP is suggesting a listing premium of nearly 50 percent. The shares will be listed on the exchanges on September 24.

Investors can check their application status on BSE, NSE, and the registrars website of the IPO aka Bigshare Services. The IPO opened on September 16 and continued till September 19. The Rs 410 crore IPO received mind-boggling bids worth Rs 32,

The IPO of Arkade Developers garnered an overwhelming response, with an overall subscription of nearly 107 times at close. The company plans to use the net proceeds for ongoing and upcoming project development,

The proceeds from the fresh issue will be used for the development of the company's ongoing as well as upcoming projects and funding the acquisition of future real estate projects and general corporate purposes.

Limited, which wraps up today, has generated a notable buzz in the Indian primary market. As of September 19, 2024, market observers report a strong response from investors, buoyed by recent economic developments including a significant rate cut by the US Federal Reserve.

According to investorgain, the shares of Arkade Developers IPO is trading at ₹70, which means estimated listing price is likely to be ₹198.

Arkade Developers' IPO was fully subscribed within 2 hours, driven by strong retail interest. The issue, priced at Rs 121-128 per share, is expected to benefit from Mumbai's real estate growth.

Analysts mostly have a 'Subscribe' rating on Arkade Developers' IPO, as the issue is available at reasonable valuation which appears less than peers.

The issue was subscribed over 5.80 times on the first day of bidding on Monday. The Arkade Developers IPO received 13,79,45,830 bids against offered 2,37,75,719, according to data available on BSE.