Introduction to Arkade Developers Limited IPO
Arkade Developers Limited is set to launch its Initial Public Offering (IPO) from September 16 to September 19, 2024. This event is generating considerable interest in the financial market, and it’s essential to understand the key aspects to make an informed decision.
Key Details of the IPO
The price band for the Arkade Developers Limited IPO is set between ₹121 and ₹128 per share, with a market lot of 110 shares. To participate, investors must apply with a minimum amount of ₹14,080. The total size of the IPO is approximately ₹410 crore, making it a significant offering in the current market landscape.
Allocation and Application Forms
The IPO has a 35% retail portion, translating to 1,01,420 retail application forms. For High Net-worth Individuals (HNIs), there are two categories: small forms at 966 and big forms at 1,932. Each share has a face value of ₹10, which is consistent with many other offerings in the market.
Final Thoughts
Understanding the essentials of the Arkade Developers Limited IPO, such as the price band, market lot, application amount, and allocation details, helps in making an educated decision when considering an investment. Mark your calendars and prepare your applications for this highly anticipated IPO event.
