Arkade Developers Stock Price Live Update at 3:36 pm: Shares of the real estate development company closed 5.4% lower at ₹165.4 apiece on the NSE.
Arkade Developers Stock Price Live Update at 2:58 pm: Price information
- Current price: ₹167.6 (-4.1%)
- Issue price: ₹128
- Open: ₹175
- High: ₹190
- Low: ₹165.5
Arkade Developers Stock Price Live Update at 1:49 pm: Arkade Developers shares are down 1.7% to ₹171.9 apiece on the NSE.
Arkade Developers Stock Price Live Update at 12:28 pm: The market capitalisation of Arkade Developers stands at ₹3,186.92 crore as the stock falls 1.9%.
Arkade Developers Stock Price Live Update at 11:49 am: How will the company use fresh issue proceeds?
The money raised from the fresh issuance of shares will be used to fund land acquisition and development of ongoing projects.
Arkade Developers Stock Price Live Update at 11:27 am: Trading stats
- Stock price: ₹172.5 (-1.4%)
- Traded volume (Lakhs): 385.2
- Traded value: ₹687.6 crore
- Total market capitalisation: ₹3,200.6 crore
Arkade Developers Stock Price Live Update at 11:03 am: Price information
- Current price: ₹176.6 (+0.9%)
- Issue price: ₹128
- Open: ₹175
- High: ₹190
- Low: ₹165.5
Arkade Developers Stock Price Live Update at 10:29 am: Shares of Arkade Developers are trading 1.2% lower at ₹172.9 apiece on the NSE. The scrip listed at a premium of 36.7% to the IPO price.
Arkade Developers Stock Price Live Update at 10:14 am: Arkade Developers shares rose 4.1% to ₹182.2 apiece after listing at a 36.7% premium over the issue price on the NSE.
Arkade Developers Stock Price Live Update at 10:02 am: Shares of Arkade Developers made a robust debut on the stock exchanges on Tuesday. The stock listed ₹175 apiece on the National Stock Exchange (NSE) at a premium of 36.7% over the issue price of ₹128. It opened at ₹175.9, up 37.4%, on the BSE.
Arkade Developers Stock Price Live Update at 9:47 am: Arkade Developers shares listed at ₹175.9 apiece on the BSE at a premium of 37.4% over the issue price of ₹128.
Arkade Developers IPO Listing Live Update at 9:22 am: What was Arkade Developers' CAGR growth in revenue and profit between FY22 and FY24?
Between FY22 and FY24, the real estate firm saw a CAGR rise of 40% in its revenue and 34% in its profit.
Arkade Developers IPO Listing Live Update at 9:22 am: Financials
Arkade Developers IPO Listing Live Update at 9:15 am: Arkade Developers shares will be listed on the stock exchages - the NSE and the BSE - at 10 am on Tuesday.
Arkade Developers IPO Listing LIVE: Shares of Arkade Developers, which was subscribed over 106 times during the bidding period, will be listed on the BSE (formerly Bombay Stock Exchange) and the National Stock Exchange (NSE) on Tuesday.
The ₹410-crore initial share sale was
subscribed 50.65 times by retail investors, 163.16 times by qualified institutional buyers (QIBs), and 162.75 times by non-institutional investors (NIIs). The
IPO allotment status was finalised on September 20.
The IPO, which had set a price band of ₹121-₹128 per share, was a fresh issuance of shares worth ₹410 crore. There was no offer-for-sale (OFS) component.
The money raised will be used to develop the company's existing and upcoming projects, acquire future real estate projects, and serve general corporate purposes.
Arkade Developers Share Price: About the company
Arkade Developers is a fast-growing real estate development firm with a significant presence in Mumbai.
It has two business verticals. The new projects vertical develops residential premises on land acquired by the firm, and the redevelopment projects vertical deals with the redevelopment of existing premises.
To learn more about IPO listings, schedules, and upcoming IPOs, click here.
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