Sat Sep 21 08:17:50 UTC 2024: ## Arkade Developers IPO Allotment Finalized, Overwhelming Subscription

**New Delhi:** Arkade Developers Limited’s Initial Public Offer (IPO) has been finalized, with retail investors now able to check their allotment status. The IPO, which closed on September 19th, saw a staggering 113x oversubscription, raising Rs 410 crore. The company’s shares are set to list on the Bombay Stock Exchange (BSE) on Tuesday, September 24th.

The IPO received the highest demand from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), both categories being oversubscribed 172 times. Retail investors, though oversubscribed 53 times, saw slightly less interest compared to the other categories.

As of Saturday, September 21st, the Grey Market Premium (GMP) for Arkade Developers shares was estimated at Rs 63.

**How to Check Allotment Status:**

Investors who applied for the IPO can check their allotment status on the following platforms:

* **Bigshare:** Visit https://ipo.bigshareonline.com/IPO_Status.html, select ‘Arkade Developers Ltd’, choose a selection type (Application Number, PAN, DP ID, Client ID), enter the Captcha, and click ‘Search’.
* **BSE:** Visit https://www.bseindia.com/investors/appli_check.aspx, select ‘Arkade Developers Ltd’, enter your application number or PAN, click ‘I am not Robot’, and view your allotment status.

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