Arkade Developers IPO is set to open on September 16, 2024, and will close on September 19, 2024. Moreover, the IPO is a Book Built Issue, aiming to raise approximately ₹410 crores. This includes not only a fresh issue of ₹410 crores but also an offer for sale of equity shares with a face value of ₹10 each.
Table of contents
- Arkade Developers IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Arkade Developers IPO GMP (Grey Market Premium)
- Arkade Developers IPO Application Form PDF
- Arkade Developers IPO Subscription Status
- Arkade Developers IPO Allotment Status
- IPO Review
- Arkade Developers IPO Registrar
- Arkade Developers IPO Lead Manager
- Arkade Developers Limited Contact
- FAQ
Arkade Developers IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Arkade Developers Limited |
| Industry | Construction |
| IPO Issue Type | Book Built Issue |
| Open Date | September 16, 2024 |
| Close Date | September 19, 2024 |
| Total Issue Size | ₹410 Crores (32,031,250 Equity Shares) |
| Fresh Issue | ₹410 Crores (32,031,250 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹121 to ₹128 per share |
| Listing on | BSE & NSE |
| Lot Size | 110 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Arkade Developers Limited, one of Mumbai’s top real estate firms, initially focused solely on building projects. However, today it is developing several gated communities, including Arkade Nest, Arkade Prime, Arkade Crown, Arkade Aspire, and Arkade Aura. Furthermore, the company has completed 27 projects totaling over four million sq ft, serving more than 4,000 customers. Currently, Arkade is working on five ongoing projects and two upcoming ones, covering around two million sq ft. Thanks to its strong brand recognition and customer-centric approach, Arkade has gained significant popularity across Maharashtra.
In addition, Arkade’s business is divide into two key segments: the development of new residential buildings and the redevelopment of existing ones. Notably, between 2017 and Q1 2024, it launched 1,220 residential units and sold 1,045 across various markets in Maharashtra. By June 30, 2024, the company had developed 2.20 million sq ft of residential properties. Over the last two decades, Arkade successfully completed 28 projects, including 11 on a standalone basis, 2 through partnership firms, 8 via the promoter’s proprietorship, and 9 through joint development agreements, amounting to a total built-up area of more than 4.5 million sq ft. Moreover, as of June 30, 2024, Arkade employed 201 permanent workers alongside 850 contract employees.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 16, 2024 |
| IPO Close Date | September 19, 2024 |
| Basis of Allotment | September 20, 2024 |
| Refunds | September 23, 2024 |
| Credit to Demat Account | September 23, 2024 |
| IPO Listing Date | September 24, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹575.01 | ₹555.41 | ₹369.97 |
| Revenue | ₹635.71 | ₹224.01 | ₹237.18 |
| Profit After Tax | ₹122.81 | ₹50.77 | ₹50.84 |
| Net Worth | ₹323.4 | ₹200.32 | ₹149.5 |
| Reserves and Surplus | ₹171.4 | ₹198.32 | ₹147.49 |
| Total Borrowing | ₹69.41 | ₹149 | ₹64.41 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1540 | ₹1,97,120 |
| S-HNI (Min) | 15 | 1650 | ₹2,11,200 |
| B-HNI (Min) | 72 | 7920 | ₹10,13,760 |
The objective of the Issue
- The funding will cover a portion of the costs associated with developing the ongoing projects, including Arkade Nest, Prachi CHSL, and C-Unit, which will be used to finance development expenses.
- Additionally, the funding will support the acquisition of yet-to-be-identified land for future real estate projects as well as general corporate purposes.
Company Promoters
- Mr. Amit Mangilal Jain
Arkade Developers IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Arkade Developers IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Arkade Developers Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Arkade Developers IPO Application Form PDF
To download the Arkade Developers IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Arkade Developers IPO Subscription Status
This IPO subscription kicks off on September 16, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Arkade Developers IPO Allotment Status
To check the Arkade Developers IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company strategically positioned in one of India’s most valuable real estate markets, focusing on premium properties that are higher on the value chain.
- As a result, they are well-placed within the market and have built a strong reputation for delivering premium quality.
- The promoter, a second-generation real estate entrepreneur with 20 years of experience, comes from a family that has been in the business since 1986.
- Over time, the company has developed substantial in-house resources, including dedicated teams for legal matters, business development, purchasing, contracts, and sales and marketing.
Risks:
- However, there are some notable risks. The risk of project delays is significant in the real estate market, as delays can lead to price volatility for both land and raw materials.
- Such delays can also damage the developer’s reputation and trigger penalty clauses.
- Moreover, the company does not engage in long-term agreements for labor or essential materials, which increases the risk of price hikes or shortages.
- Additionally, the company experienced negative net cash flows in the financial years 2022 and 2021.
Arkade Developers IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Arkade Developers IPO Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Arkade Developers Limited Contact
ARKADE DEVELOPERS LIMITED
Opp. Bhoomi Arkade,
Near Children’s Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai – 400101, Maharashtra
Phone: +91 (22) 28874742
Email: cs@arkade.in
Website: www.arkade.in
FAQ
Arkade Developer’s IPO is scheduled to open for subscription on September 16, 2024, catering to QIB, NII, and Retail Investors. Furthermore, the IPO will close on September 19, 2024.
In terms of allocation, the investors’ portion is divided as follows: 50% is reserved for QIB, 15% for NII, and 35% for Retail Investors.
You can apply for Arkade Developers’ IPO through ASBA online via your bank account. Additionally, you can apply using ASBA online through UPI with your stock brokers, or by filling out an offline form with your stock brokers.
The issue size of Arkade Developers’ IPO amounts to ₹410 crores.
The allotment date for Arkade Developers’ IPO is set for September 20, 2024.
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