Strong demand for Northern Arc, Arkade, Western Carriers IPOs

Three IPOs, Northern Arc Capital, Western Carriers India, and Arkade Developers, closed for subscription on Thursday with strong investor interest. Northern Arc Capital's ₹777-crore IPO was subscribed 110.91 times, Arkade Developers' ₹410-crore IPO was subscribed 106.83 times, and Western Carriers India's ₹493-crore IPO was subscribed 30.57 times.