Arkade Developers listing: After a bumper IPO response, GMP signals a strong debut on Tuesday

Shares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing, the company's shares are showing a grey market premium of Rs 63. Based on the upper price band of Rs 128, the stock is expected to list at a strong premium of 49% over the issue price.