This IPO will open on the 16th.
One of the many ways to earn good returns by investing in the stock market is to invest money in IPOs. In an initial public offering (IPO), you can get shares of a company at a low interest rate; if there is a premium listing, you can make profits by booking profits from it. If you also have the same plan, this IPO that will open on September 16 can be helpful for you.
The IPO of Arcade Developers Limited, a real estate company, will open on September 16. This IPO is worth Rs 410 crore. If you also want to invest in it, you can save the money till September 16.
The last date is September 19th.
This IPO will open on September 16 and close on September 19, which means that you will only have the 19th as the last date to invest money in this IPO. As per the documents filed by the company regarding the IPO with SEBI, completely new shares will be issued in this IPO. The existing shareholders of the company have no intention of selling their stake in this IPO, i.e. not a single share will be put up for the ‘Offer for Sale’ (OFS).
read this too
These people will be able to invest money on September 13
According to the Draft Red Herring Papers (DRHP) filed with SEBI, bids for anchor investors will be opened ahead of the IPO. These large investors will be able to submit their bids on September 13. The company has already raised Rs 20 crore through private equity release ahead of the IPO.
The company will invest money in this work.
The money that Arcade Developers will raise from this IPO will be used to develop the company’s current and future projects. Not only this, the company also plans to use this money to acquire some real estate projects in the future and cover other corporate expenses. Arcade Developers is a fast-growing developer company in the real estate sector. It has a strong presence in the Mumbai market.
