Arkade Developers IPO opens for subscription. Should you bid or skip?

The issue involves a fresh equity sale totaling Rs 410 crore. The public offering allocates approximately 50% to qualified institutional buyers, 35% to retail investors, and 15% to non-institutional investors. In the unlisted market, the company’s shares are trading with a Grey Market Premium (GMP) of Rs 70, reflecting a 54% premium over the issue price.

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