Arkade Developers IPO
Arkade Developers Limited (ARKADE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 24 September 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +56.6% (likely range +42% to +94%), day's high +70.1%, chance of a gain 95%. Actual: +36.7% at the open, +48.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 67,43,800 | 1,10,03,00,410 | 163x | |
| NII (HNI) total | 50,57,852 | 82,45,36,460 | 163x | |
| Big NII (above ₹10 lakh) | 33,71,902 | 54,17,11,170 | 161x | |
| Small NII (₹2-10 lakh) | 16,85,950 | 28,28,25,290 | 168x | |
| Retail | 1,18,01,654 | 60,64,84,010 | 51.4x | |
| Employees | 1,72,413 | 87,05,400 | 50.5x | |
| Total | 2,37,75,719 | 2,54,00,26,280 | 107x |
Bids on NSE and BSE together, as published by NSE, as of 19 Sep 2024, 07:00 PM. Shares offered exclude the anchor portion. 22% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Arkade Developers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Platinum IndustriesFeb 2024 | 151x | 142x | 51.0x | 99.0x | ₹235 Cr | +31.6% | +38.2% |
| Awfis Space SolutionsMay 2024 | 117x | 130x | 54.6x | 109x | ₹599 Cr | +13.6% | +17.9% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Unistone Capital | 13 | +47.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the Arkade Developers IPO price band and lot size? ₹121–128 per share, with a lot of 110 shares, so the smallest retail bid is ₹14,080.
How many times has it been subscribed? 107x overall: QIB 163x, NII 163x, retail 51.4x, employees 50.5x.
How did it list? It opened at ₹175, +36.7% against the issue price of ₹128, and closed its first day +29.6%.
