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

URL: https://technosports.co.in/arkade-developers-share-price-live-stock/  
Published: 2024-09-24  
Updated: 2024-09-24  
Author: Reetam Bodhak

**Arkade Developers Share Price Updates**

The *[Arkade Developers](https://arkade.in/about-us/)* ₹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](https://technosports.co.in/wp-content/uploads/2024/09/arr1.jpg)

### **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.

![](https://technosports.co.in/wp-content/uploads/2024/09/arr34-1024x683.jpeg)

### **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.

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