IPO

Arkade Developers Ltd has successfully raised Rs 122.40 crore from anchor investors in advance of its initial public offering (IPO). The company has set a price band of Rs 121-128 per share for the Rs 410-crore IPO, which will be open for public subscription from September 16 to September 19. The raised funds will be used for ongoing and future real estate projects, acquisitions, and general corporate purposes.