Arkade Developers IPO closed its subscription on September 19 and investors are expecting its allotment on September 20. Those who have applied for the IPO can check the allotment status on BSE website or on its registrar website, Bigshare Services.
Investors need to provide the PAN details and application number to check the allotment status of Arkade Developers IPO.
As per BSE website, the ₹410 crore initial public offer of Arkade Developers was subscribed 106.40 times. The highest subscription was received from QIB portion who booked 163.16 times of the quota reserved. The issue was subscribed 163.02 times by non-institutional investors while retail investors booked 51.39 times.
The company will use net proceeds from the IPO towards funding ongoing project, to invest in future projects and for other general corporate purposes.
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