Arkade Developers IPO Share Listing Price Update; BSE NSE | Northern Arc Capital | Arcade Developers shares listed at ₹175.90, up 37.42%: Issue price was ₹128; Northern Arc Capital’s shares also listed at 33.46% premium

The listing ceremony of Arcade Developers Limited took place on the Bombay Stock Exchange.

Shares of Arcade Developers Limited, Northern Arc Capital Limited and Western Carriers Limited have been listed on the stock exchange today (September 24). Shares of Arcade Developers were listed on the National Stock Exchange (NSE) at ₹175.90, 37.42% higher than the issue price of ₹128. The share was listed on the Bombay Stock Exchange (BSE) at ₹175, which is 36.72% higher than the issue price.

Whereas, Northern Arc Capital shares were listed on BSE at ₹351, which is 33.46% more than the issue price of ₹263. This share was listed on NSE at ₹350, which is 33.07% more than the issue price. Whereas, the shares of Western Carriers Limited were listed flat. Western Carriers shares were listed at ₹170 on BSE and ₹171 on NSE. The issue price of the stock was ₹172.

IPOs of Arcade Developers and Northern Arc Capital were open from 16 to 19 September.

The initial public offers (IPOs) of Arcade Developers and Northern Arc Capital were open from 16 to 19 September. Arcade Developers’ IPO was subscribed a total of 113.49 times. The issue was subscribed 53.78 times in the retail category, 172.60 times in the Qualified Institutional Buyers (QIB) category and 172.22 times in the Non-Institutional Investors (NII) category.

Whereas, Northern Arc Capital’s IPO was subscribed a total of 117.19 times. This issue was subscribed 32.01 times in retail category, 242.73 times in QIB and 147.58 times in NII category. Whereas, the IPO of Western Carriers Limited was open from September 13 to 19. This issue was subscribed a total of 31.69 times. This issue was subscribed 26.92 times in retail category, 28.81 times in QIB and 46.68 times in NII category.

1.Arcade Developers Limited: The issue was worth ₹410 crore.

This issue total of Arcade Developers Limited was ₹ 410 crore. For this, the company issued 32,031,250 fresh shares worth ₹ 410 crore. The existing investors of the company did not sell a single share through Offer for Sale i.e. OFS.

Retail investors could bid for maximum 1540 shares

Arcade Developers Limited had fixed the price band of this issue at ₹121-₹128. Retail investors could bid for a minimum of one lot i.e. 110 shares. If you had applied for 1 lot as per the upper price band of IPO of ₹ 128, you would have had to invest ₹ 14,080.

At the same time, retail investors could apply for a maximum of 14 lots i.e. 1540 shares. For this, investors would have to invest ₹ 197,120 as per the upper price band.

Arcade Developers is a real estate development company.

Arcade Developers Limited is a real estate development company primarily engaged in sophisticated lifestyle residential developments in Maharashtra. By July 31, 2023, the company has built houses of more than 18 lakh square feet. This also includes those projects which they have made in collaboration with other companies. From 2017 to the first quarter of 2023, the company has launched more than 1040 homes and sold 792 homes in Mumbai and surrounding areas.

2. Northern Arc Capital Limited: The issue was worth ₹777 crore

This issue total of Northern Arc Capital was ₹777 crore. For this, the company issued 19,011,407 fresh shares worth ₹500 crore. Whereas, the existing investors of the company sold 10,532,320 shares worth ₹277 crore through Offer for Sale i.e. OFS.

Retail investors could bid for maximum 741 shares

Northern Arc Capital Limited had fixed the price band of this issue at ₹249-₹263. Retail investors could bid for a minimum of one lot i.e. 57 shares. If you had applied for 1 lot as per the upper price band of IPO of ₹ 128, you would have had to invest ₹ 14,991.

At the same time, retail investors could apply for a maximum of 13 lots i.e. 741 shares. For this, investors would have to invest ₹ 194,883 as per the upper price band.

3. Western Carriers Limited: The issue was worth ₹492.88 crore.

This issue total of Western Carriers was ₹ 492.88 crore. For this, the company issued 23,255,813 fresh shares worth ₹400 crore. Whereas, the existing investors of the company sold 5,400,000 shares worth ₹ 92.88 crore through Offer for Sale i.e. OFS.

Retail investors could bid for maximum 1131 shares

Western Carriers Limited had fixed the price band of this issue at ₹163-₹172. Retail investors could bid for a minimum of one lot i.e. 87 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 172, then you would have to invest ₹ 14,964.

At the same time, retail investors could apply for a maximum of 14 lots i.e. 1131 shares. For this, investors would have to invest ₹ 194,532 as per the upper price band.

Western Carriers was established in 2011

Western Carriers (India) Limited was established in 2011. The company is a multi-modal, rail-focused 4PL asset-light logistics company. The company provides multi-modal logistics solutions across road, rail, water and air transport and a range of value-added services.

The headquarters of the company is in Kolkata. The company provides its services to metal, fast-moving consumer goods (FMCG), pharmaceuticals, chemical, engineering, oil and gas as well as retail sectors.

Tata Steel Limited, Hindalco Industries Limited, Jindal Stainless Limited, JSW Steel, Coated Products Limited, Bharat Aluminum Company Limited, Vedanta Limited and Hindustan Unilever Limited are its clients.

What is IPO?

When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.