Arkade Developers IPO: 67% GMP, 10.8 times subscription; should you invest?

The gray market premium (GMP) of Arkade Developers IPO is rising rapidly. There is a steady demand from investors on the second day of subscription as well. In the gray market, the unlisted shares of Arkade Developers are trading at a premium of Rs 86, which is higher than the upper band of the IPO price of Rs 128 (…)