The stock price of Arkade Developers on the BSE on September 24 was:
*Listing price: Rs 176
Issue price:Rs 128
Premium: 37.5%*
The grey market premium for Arkade Developers was estimated to be around 50%. However, the actual listing gains were slightly lower than this estimate.Arkade Developers had a successful debut in the stock market on September 24, listing at ₹176, which represented a 37.5% premium over the issue price of ₹128 per share on the BSE. While this performance was impressive, it fell short of expectations, as shares were anticipated to list with nearly a 50% premium. This difference can be attributed to grey market activity, where shares trade informally prior to the official public offering, often setting higher speculative prices.
It is a real estate development company based in India.
It made a successful stock market debut on September 24, 2024.
The stock price rose by 37.5% on the listing day.
The grey market premium for the stock was higher than the actual listing gains.
