Arkade Developers Makes a Strong Stock Market Debut with 30% Surge in Share Price
Arkade Developers' stock market debut, IPO, share price, real estate, Mumbai, BSE, NSE
Arkade DevelopersStock MarketIpoShare PriceReal EstateReal Estate MumbaiSep 24, 2024
The company's market valuation reached Rs 3,079.23 crore, with 45.14 lakh shares traded on the BSE and 487.59 lakh shares on the NSE. The Rs 410-crore IPO was subscribed 106.40 times, with proceeds earmarked for ongoing and future real estate development projects.
Arkade Developers, a Mumbai-based real estate company, has been making waves in the industry with its innovative projects and commitment to quality. The company's strong debut on the stock market is a testament to its growing reputation and investor confidence.
Information
Arkade Developers is a leading real estate company based in Mumbai, India. The company has been involved in several high-profile projects, including residential and commercial developments. With a focus on quality and innovation, Arkade Developers has established itself as a major player in the Indian real estate market.
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are two of the largest stock exchanges in India. The BSE is the oldest stock exchange in Asia, established in 1875, while the NSE was established in 1992.
Frequently Asked Questions
What was the issue price of Arkade Developers' IPO?
The issue price of Arkade Developers' IPO was Rs 128.
How much did the company's share price surge on its stock market debut?
The company's share price surged by nearly 30% against the issue price.
What is the market valuation of Arkade Developers?
The market valuation of Arkade Developers is Rs 3,079.23 crore.
How many shares were traded on the BSE and NSE?
45.14 lakh shares were traded on the BSE and 487.59 lakh shares on the NSE.
What is the purpose of the proceeds from the IPO?
The proceeds from the IPO will be used for ongoing and future real estate development projects.
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