Arkade Developers IPO receives strong investor interest, fully subscribed on the first day. Shares are expected to list on the BSE and NSE on September 24. Unistone Capital is the sole book-running lead manager for the issue.

The Rs 410-crore IPO of Arkade Developers Ltd was fully subscribed on its first day. According to data from the NSE, the IPO received bids for 2,52,97,38,200 shares compared to the 2,37,75,719 shares available. The real estate company raised Rs 122.40 crore from anchor investors and set the price range for the shares at Rs 121-128 per share.

Zee Business Managing Editor Anil Singhvi recommended subscribing to the Arkade Developers IPO for reasonable listing gains and with a mid-term investment perspective. To check the IPO allotment status on the BSE:

1. Visit the BSE’s official website (bseindia.com/investors/appli_check.aspx).
2. Under ‘Issue Type’, select ‘Equity’.
3. Choose ‘Arkade Developers’ under ‘Issue Name’, and enter either your application number or PAN details.
4. Click ‘Submit’ to view your IPO allotment status on the screen.

To check the Arkade Developers IPO allotment status on Bigshare Services:

1. Go to Bigshare Services’ website.
2. Select one of the server links to access the allotment status page.
3. In the company section, choose ‘Arkade Developers Limited’ (the name will appear after share allocation is finalized).
4. Choose your preferred option—Application Number/CAF No, Beneficiary ID, or PAN—to check the status.
5. Enter the captcha and click ‘Search’ to view your allotment status.

Arkade Developers’ shares are expected to be listed on the BSE and NSE on September 24. Unistone Capital is the sole book-running lead manager for the issue.