Anticipation Builds for Arkade Developer IPO Listing

Arkade Developer IPO Listing : After the recent share allotment announcement, both lucky allottees and market observers are eagerly awaiting the listing date for Arkade Developer’s IPO. Following the 'T 3' listing rule, shares are expected to be listed on Tuesday, September 24, 2024.

Positive Subscription Response

The IPO received a strong response during its subscription period, and the grey market remains optimistic about its performance.

Current Grey Market Premium

As of today, Arkade Developer shares are trading at a grey market premium (GMP) of Rs. 65. This is an increase of Rs. 5 from the weekend's GMP of Rs. 60. Market observers attribute this rise to positive investor sentiment and a bullish trend on Dalal Street, indicating that the listing price could be significantly higher than the issue price.

Expected Listing Price

With the current GMP of Rs. 65, market analysts predict that the listing price for Arkade Developer shares could be around Rs. 193 (Rs. 128 issue price Rs. 65 GMP). This suggests that allottees could see a listing gain of approximately 50% on their investment.

Caution on GMP

Experts advise caution regarding the GMP, as it is unregulated and not necessarily reflective of a company's financial health. They warn that GMP can sometimes be artificially inflated and may not align with the company's fundamentals. Investors are encouraged to focus on the company's balance sheet and financials for a better understanding of its long-term prospects.

Also read: WOL 3D India IPO Opens for Subscription: Check all details here

In summary, while excitement surrounds the upcoming listing of Arkade Developer's IPO, investors should consider both market sentiment and the underlying financial health of the company before making decisions.

Disclaimer

The information provided in this article is for informational purposes only and should not be considered financial advice. While we strive to present accurate and up-to-date information, we do not guarantee its accuracy or completeness. Investing in stocks and other financial instruments involves risks, and individuals should conduct their own research or consult with a qualified financial advisor before making any investment decisions.