How to Check Arkade Developers IPO Allotment Status
Arkade Developers Limited recently concluded its IPO, which was highly oversubscribed, garnering significant interest from investors. The allotment status for this IPO can be checked through several reliable sources. Here’s a comprehensive guide on how to verify your allotment status along with the latest updates.
Key Information About the IPO
- IPO Opening Date: September 16, 2024
- IPO Closing Date: September 19, 2024
- Total Issue Size: ₹410 crore
- Price Band: ₹121 to ₹128 per share
- Expected Listing Date: September 24, 2024
- Oversubscription Rate: 106.83 times overall, with institutional categories seeing even higher demand.
How to Check Allotment Status
Investors can check their allotment status through the following platforms:
1. BSE Website
- Visit the BSE IPO allotment page: BSE IPO Allotment.
- Select “Equity” as the issue type.
- Choose “Arkade Developers Limited” from the dropdown menu.
- Enter your application number or PAN.
- Complete the captcha verification.
- Click on “Search” to view your allotment status.
2. Bigshare Services
- Go to Bigshare Services: Bigshare IPO Status.
- Select “Arkade Developers Limited” from the list.
- Choose your selection type (Application Number, Beneficiary ID, or PAN).
- Fill in the required information and complete the captcha.
- Click “Search” to check your allotment status.
3. NSE Website
- Visit the NSE IPO allotment page: NSE IPO Status.
- Follow similar steps as above to check your status.
Latest Market Updates
As of September 20, 2024, the grey market premium (GMP) for Arkade Developers shares is approximately ₹60, suggesting a potential listing price around ₹188 per share. This indicates a strong expected return for investors who successfully receive allocations.
Conclusion
With the allotment finalised on September 20, investors can now easily check their status using the above methods. Given the overwhelming response to this IPO, successful applicants can look forward to a promising listing on September 24, 2024. For any further updates or changes, keep an eye on official announcements from BSE and NSE.