Contact Form

Name

Email *

Message *

Cari Blog Ini

Arkade Developers Ipo Public Offer Subscribed 2423 Times On Day 2 Niis Bid 4360x

Arkade Developers IPO: Public Offer Subscribed 24.23 Times on Day 2, NIIs Bid 43.60x

Day 2 Subscription Highlights:

- Public issue subscribed 24.23 times on the second day - NIIs bid 43.60x while retail investors bid 2.48x - QIB portion subscribed 43.85 times

Strong Investor Interest:

- Strong investor interest is evident in the oversubscription of the public issue, indicating confidence in the company's prospects - Institutional investors, including NIIs, have shown significant interest in the offering - Retail investors have also participated, albeit to a lesser extent, reflecting the company's appeal to a diverse range of investors

Detailed Subscription Data:

- Qualified Institutional Buyers (QIBs): 43.85 times - Non-Institutional Investors (NIIs): 43.60 times - Retail Individual Investors (RIIs): 2.48 times

Upcoming Events:

- The issue will close on March 24, 2023 - The basis of allotment is expected to be finalized on March 28, 2023 - The credit of shares to successful bidders will occur on March 29, 2023 - The shares are expected to be listed on BSE and NSE on March 31, 2023

Conclusion:

The strong subscription of Arkade Developers' IPO is a testament to the company's strong fundamentals and growth potential. The significant interest from institutional investors, particularly NIIs, is a vote of confidence in the company's business model and future prospects. Retail investors have also shown interest, providing a broad base of support for the company. The successful completion of the IPO will provide Arkade Developers with the necessary capital to fund its expansion plans and drive future growth.


Comments