Tue Sep 24 09:50:47 UTC 2024: ## Arkade Developer IPO Set to Debut at 50% Premium on September 24th

**MUMBAI, INDIA -** Arkade Developer Limited is set to make its highly anticipated debut on the Indian stock market on Tuesday, September 24th, 2024. The company’s initial public offering (IPO) received an overwhelming response from investors, with subscriptions exceeding 113 times the offer size.

The grey market, which reflects investor expectations for the listing price, currently predicts a premium of around 50% above the upper price band. This means investors who were allotted shares in the IPO could see a gain of approximately 50% on their investment when trading begins.

Stock market experts, citing the strong demand for the IPO and the overall positive market sentiment, are predicting an even higher premium of around 66%.

**Sagar Shetty, Research Analyst at StoxBox**, said, “Arkade Developers Ltd has attracted significant interest in its IPO, achieving a subscription rate exceeding 113 times. The company is set to make a robust debut on the stock exchanges on September 24, 2024, with an expected premium of around 66% above the upper price band.”

**Arun Kejriwal, Founder of Kejriwal Research and Investment Services**, echoed similar sentiments, adding, “The public issue was small in size, which led to higher subscription status. However, getting over 100 times subscriptions is something that one can’t ignore. Contributing to the market mood and strong subscription status, I believe that Arkade Developer shares may list at around 50 per cent premium as the grey market is steady at 50 per cent premium.”

Despite the optimistic outlook, both experts cautioned investors against holding onto their shares for extended periods. They suggested booking profits after the listing, as recent IPOs have experienced sharp price declines in the days following their debut.

The BSE (Bombay Stock Exchange) has confirmed the listing date and trading will commence at 10:00 AM on Tuesday, September 24th.

**Disclaimer:** The views and recommendations given in this article are those of individual analysts and do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

Read More