Arkade Developers Share Price LIVE: Stock Drops 1.4% After Listing with 36.7% Premium on NSE

Arkade Developers Share Price Updates

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. The funds raised will help the company expand its real estate projects and meet general corporate needs.

Arkade Developers Share Price

Arkade Developers Share Price Live Updates

11:27 AM Update

  • Stock Price: ₹172.5 (-1.4%)
  • Traded Volume: 385.2 lakhs
  • Traded Value: ₹687.6 crore
  • Total Market Capitalization: ₹3,200.6 crore

11:03 AM Update

  • Current Price: ₹176.6 (+0.9%)
  • Issue Price: ₹128
  • Open Price: ₹175
  • Day High: ₹190
  • Day Low: ₹165.5

10:29 AM Update
Arkade Developers’ shares are trading at ₹172.9 per share on the NSE, 1.2% lower than their current price, but still a significant 36.7% premium over the IPO issue price.

10:14 AM Update
The stock surged to ₹182.2 after listing, a 4.1% increase in early trading. Arkade Developers shares started trading at a 36.7% premium over the issue price on the NSE.

10:02 AM Update
Arkade Developers had a strong debut, listing at ₹175 per share on the NSE. This represents a 36.7% premium over the IPO issue price of ₹128. On the BSE, the stock opened at ₹175.9, marking a 37.4% increase.

9:47 AM Update
The shares listed on the BSE at ₹175.9 per share, which is 37.4% higher than the issue price of ₹128.

arr34 Arkade Developers Share Price LIVE: Stock Drops 1.4% After Listing with 36.7% Premium on NSE

Arkade Developers IPO Growth and Financials

Between FY22 and FY24, Arkade Developers demonstrated impressive growth:

  • Revenue CAGR: 40%
  • Profit CAGR: 34%

Financial Performance (FY22 – FY24):

  • Revenue:
    • FY22: ₹228 crore
    • FY23: ₹220 crore
    • FY24: ₹634 crore
  • Net Profit:
    • FY22: ₹50.8 crore
    • FY23: ₹50.7 crore
    • FY24: ₹122 crore

Arkade Developers IPO Subscription Details

The Arkade Developers IPO saw tremendous demand, with subscriptions over 106 times during the bidding period.

  • Retail Investors: 50.65 times
  • Qualified Institutional Buyers (QIBs): 163.16 times
  • Non-Institutional Investors (NIIs): 162.75 times

The IPO’s allotment status was finalized on September 20, 2024.

Use of Funds

The ₹410 crore raised will be used for the development of existing and future real estate projects, as well as general corporate purposes.

Arkade Developers: Details

Arkade Developers is a fast-growing real estate firm with a strong presence in Mumbai. The company operates two business verticals:

  1. New Projects: Focused on residential development.
  2. Redevelopment Projects: Specializing in redeveloping existing premises.

The company is positioned for growth, with the IPO proceeds set to accelerate expansion across both verticals.

Read More: Phoenix Overseas IPO GMP details: Should you Buy it?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Google Play Store Redeem Codes 2025: Get Free Premium...

Google Play Store Redeem Codes 2025! Google Play Store redeem codes are your ticket to accessing exclusive content...

Jio Recharge Plans 2025: The Ultimate Guide in March

A leading Indian telecommunications company, Jio has now become one of the most loved by users. Jio...

Unlocking More with 20-Rupee Google Play Redeem Codes

20-Rupee Google Play Redeem Codes! On the surface, it seemed too small to matter. A mere 20 rupees...

Garena Free Fire MAX Redeem Codes Today (March 3...

Garena Free Fire MAX Redeem Codes Today Free Fire's journey from a simple mobile game to a global...

Garena Free Fire MAX Redeem Codes 2025: Unlock Exclusive...

Garena Free Fire MAX has become a sensation among battle royale enthusiasts, especially in India, where it...

LATEST NEWS

AMD’s Medusa Point APUs May Stick with RDNA 3.X Instead of RDNA 4 or 5

AMD’s next-gen Medusa Point APUs, set to feature the powerful Zen 6 architecture, might not be upgrading to RDNA 4 or RDNA 5 for...

HMD Unveils Fusion X1: A Safe Smartphone with Parental Controls

HMD Fusion X1: As digital safety concerns continue to rise, HMD Global has introduced a new smartphone tailored for children: the HMD Fusion X1....

Infinix Elevates AI Game with DeepSeek-R1 Integration

Infinix is taking a bold step into the future of artificial intelligence by integrating DeepSeek-R1, an advanced reasoning model, across its smartphone lineup. This...

Free Fire OB48: Revolutionizing Mobile Battle Royale in 2025

In the dynamic world of mobile battle royale, few updates generate as much excitement as Free Fire’s OB48 release. This isn’t just another patch...

Featured