Arkade Developers IPO allotment likely today: Check status, GMP, listing date and other details

The share allotment of Arkade Developers IPO is expected to be out soon. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Arkade Developers IPO allotment through the registrar, which is Bigshare Services in this case, kindly follow the below steps.

Step 1: Visit the Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Select Arkade Developers IPO

Step 3: Enter the PAN details and click search to know the status

Arkade Developers GMP

The initial public offering (IPO) of Arkade Developers received an overwhelming response from investors, with an overall subscription of nearly 107 times at close.

The company plans to utilize the net proceeds for the development of ongoing and upcoming projects, funding the acquisition of future real estate projects, and for general corporate purposes.

Arkade Developers is a leading real estate development company with a significant presence in Mumbai, focusing on the development of premium, aspirational lifestyle residential properties in the region.

As of June 2024, the company has developed 2.2 million square feet of residential property (including through partnership entities in which it holds a majority stake).
The business model prioritizes the development of high-end, sustainable residential projects, emphasizing aesthetic design and lifestyle amenities.

While the company's initial projects were stand-alone residential buildings, its current portfolio includes gated communities such as Arkade Nest, Arkade Crown, Arkade Aspire, Arkade Prime, and Arkade Aura.

Arkade Developers' revenue in FY24 increased by 189% year-on-year to Rs 635 crore, while net profit more than doubled to Rs 123 crore in the same period.
Unistone Capital is the sole Book Running Lead Manager (BRLM) for the issue.

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