Arkade Developers IPO Allotment Status: What You Need to Know
The Arkade Developers IPO allotment status is expected to be announced soon. Investors who have applied for the IPO can check their allotment status through the BSE website or by visiting the registrar's website, Bigshare Services.
How to Check Allotment Status on BSE
- Visit the BSE website at https://www.bseindia.com/investors/appli_check.aspx
- Select the issue name, which is the company's name, from the drop-down menu
- Enter your application number or PAN number to check the allotment status
How to Check Allotment Status on Bigshare Services
- Visit the Bigshare Services website at https://ipo.bigshareonline.com/IPO_Status.html
- Select Arkade Developers IPO from the list of options
- Enter your PAN details and click search to know the status
About Arkade Developers IPO
The Arkade Developers IPO received an overwhelming response from investors, with a subscription of nearly 107 times at close. The company plans to use the funds for the development of ongoing and upcoming real estate projects, funding the acquisition of future 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. The company has developed 2.2 million square feet of residential property as of June 2024.
The company's 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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