Arkade Developers, a fast-growing real estate development company, listed with a premium of over 37% against the issue price of Rs 128.
Arkade DevelopersReal EstateMumbaiIndian Real Estate MarketIpoReal Estate MumbaiSep 24, 2024
The issue price of Arkade Developers' IPO is Rs 128.
The market valuation of Arkade Developers is Rs 3,232.40 crore.
The proceeds from the IPO will be used for the development of the company's ongoing as well as upcoming projects, funding the acquisition of future real estate projects, and general corporate purposes.
The Indian real estate market is expected to continue growing in the coming years, driven by factors such as urbanization and increasing demand for housing.
Arkade Developers' strong market debut is a testament to its growing presence in the Indian real estate market, and a clear indication of the market's confidence in the company's growth prospects.
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