Strong Demand Marks Arkade’s Successful Market Entry
Arkade Developers made a notable debut on September 24, 2024, listing at ₹176 on the BSE, which is a remarkable 37.5% premium over the IPO price of ₹128 per share. The IPO was met with overwhelming demand, being oversubscribed 106 times overall, with qualified institutional buyers leading the charge at 163.16 times. Despite initial expectations of a nearly 50% premium based on grey market trends, the real estate firm’s listing reflects robust investor confidence and a solid response to its ₹410-crore public offering.