The Arkade Developer IPO has generated excitement as investors await the listing date, expected to be Tuesday, September 24, 2024, under the ‘T+3’ listing rule. After the share allotment was announced last week, both lucky allottees and market watchers are eagerly looking forward to the stock debut.
In the grey market, Arkade Developer shares are currently trading at a premium of ₹65. This is a ₹5 increase from the weekend premium of ₹60, signaling strong demand. Analysts believe the rise in premium is due to positive investor sentiment and a strong market trend on Dalal Street. This suggests the IPO listing price could be around ₹193 (₹128 + ₹65), implying a potential 50% gain for those who received allotments.
However, market experts caution investors not to rely too heavily on the grey market premium (GMP), as it’s not officially regulated and may not always reflect a company’s real value. They recommend sticking to the company’s financial reports and fundamentals for a more reliable view of long-term potential.
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