The shares of Arkade Developers listed at 37% premium on the bouses.
On NSE, the shares get listed at ₹175, with a premium of 36.72% and at ₹175.90 on BSE, at 37.42% premium.
The issue has been subscribed 106.40 times which was close on September 19. The company raised a fresh issue of equity shares worth ₹410 crore with no component of offer-for-sale. Ahead IPO, the company had raised ₹122.40 crore from anchor investors.
The company will use proceeds from the IPO towards the development of company’s ongoing and upcoming projects.
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