Arkade Developers IPO will open for subscription from 16 September 2024. The company aims for an issue size of ₹410 Cr through this IPO.
Company Overview
| Full name | Arkade Developers Limited |
| Sector | Realty |
| Industry | Construction – Real Estate |
| Company Website | https://arkade.in/ |
About Company
Arkade Developers is a rapidly expanding real estate development firm with a notable presence in Mumbai, Maharashtra. The company focuses on developing new projects and redeveloping existing properties. Between 2017 and Q1 2024, it launched 1,220 residential units and sold 1,045 residential units across various markets in the Mumbai Metropolitan Region (MMR), Maharashtra.
As of 30 June 2024, Arkade Developers had developed 2.20 million square feet of residential property, including projects in partnership entities where it holds the majority stake. Additionally, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai, with a combined constructed area of 648,000 square feet.
The company’s current portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown, Arkade Aspire, Arkade Prime, and Arkade Aura. Arkade Developers has completed 28 projects, including stand-alone projects executed by its promoter through their proprietorship, and joint development arrangements with other third parties. These projects aggregate more than 4.5 million square feet of development and have catered to approximately 4,000 customers. Arkade Developers is developing approximately 3.7 million square feet across 6 ongoing projects. As of 30 June 2024, the company had 201 permanent employees.
The Objectives of the Issue
- Funding is part of the costs to be incurred in developing the Ongoing Projects (viz. Arkade Nest, Prachi CHSL, and C-Unit) (Funding Development Expenses); and
- Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes.
Arkade Developers IPO Timetable
| IPO Opening date | 16 September 2024 |
| IPO Closing | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation Refund | 23 September 2024 |
| Credit to Demat Account | 23 September 2024 |
| Listing Date | 24 September 2024 |
Arkade Developers IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹410 Cr – 32,031,250 shares |
| Fresh Issue | ₹410 Cr – 32,031,250 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot size | 110 Shares |
| Shareholding pre-issue | 153,626,016 |
| Shareholding post-issue | 185,657,266 |
| Listing Exchange | BSE & NSE |
Arkade Developers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1540 | ₹197,120 |
| S-HNI (Min) | 15 | 1,650 | ₹211,200 |
| S-HNI (Max) | 71 | 7,810 | ₹999,680 |
| B-HNI (Min) | 72 | 7,920 | ₹1,013,760 |
Arkade Developers Offer Documents
Arkade Developers IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Arkade Developers Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 228.93 | 220.15 | 634.74 |
| Expenses | 178.89 | 161.41 | 471.56 |
| Net income | 50.84 | 50.66 | 122.84 |
| Margin (%) | 22.21 | 23.01 | 19.35 |
Arkade Developers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post Issue) | |
| EPS | 3.32 | 3.34 | 8.08 | 8.08 |
| PE Ratio | – | – | – | – |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 40.90 | 29.02 | 46.90 |
| NAV | 9.84 | 13.18 | 21.28 |
| ROCE (%) | 46.17 | 24.30 | 47.34 |
| EBITDA (%) | 30.56 | 31.04 | 26.68 |
| Debt/Equity | 0.43 | 0.74 | 0.21 |
Company Promoters
- Mr. Amit Mangilal Jain
Promoter Holding
| Pre Issue Share Holding | 85.58% |
| Post Issue Share Holding |
Arkade Developers Offer GMP Update
Coming Soon
Arkade Developers IPO Subscription Update
Coming Soon
Arkade Developers IPO Allotment Status
Arkade Developers IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Arkade Developers IPO Listing Details
| Listing Date | 24 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Arkade Developers IPO Lead Manager(s)
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 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
Company Contact Details
ARKADE DEVELOPERS LIMITED
Arkade House, 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
Arkade Developers IPO FAQs
How many shares in Arkade Developers IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Arkade Developers’ Public Offer?
The best way to apply for Arkade Developers’ public offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Arkade Developers IPO GMP today?
Arkade Developers IPO GMP today is ₹ NA per share.
What is Arkade Developers’ kostak rate today?
Arkade Developers kostak rate today is ₹ NA per application.
What is Arkade Developers Subject to Sauda rate today?
Arkade Developers Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Arkade Developers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
