Fri Sep 20 10:18:47 UTC 2024: ## Arkade Developers IPO Allotment Finalized, Listing Scheduled for September 24

**Mumbai, September 20, 2023** – Arkade Developers, a real estate company, has finalized the share allotment for its initial public offering (IPO) today. The IPO, which opened on September 16 and closed on September 19, raised Rs 410 crore by selling 3.2 crore fresh shares.

Investors can check their allotment status on the Bigshare Services website by entering their application number, beneficiary ID, or PAN number. The company is expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) on September 24.

The IPO was priced between Rs 121 and Rs 128 per share, with a minimum investment of Rs 14,080 for retail buyers. Unistone Capital acted as the book-running lead manager, while Bigshare Services served as the registrar for the issue.

Meanwhile, Physics Wallah, an edtech company, has secured $210 million in Series B funding, pushing its valuation to $2.8 billion. The company plans to utilize the funds for offline expansion, integrating AI technology, and potentially acquiring other businesses. Despite a recent dip in net profit, Physics Wallah maintains a strong market presence in new verticals and continues to generate substantial revenue.

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