Arkade Developers

Arkade Developers

Mainboard

₹14,080 / 110 Shares

Offer Date:Sep 16, 2024 - Sep 19, 2024

Arkade Developers IPO Details

The Arkade Developers IPO price band is set between ₹121-128 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 16 Sep, 2024 and closes on 19 Sep, 2024. Investors can check the allotment status on 20 Sep, 2024, while the listing date is tentatively scheduled for 24 Sep, 2024.

The total issue size is 32,031,250 shares, aggregating up to ₹410.00 Cr. Stay tuned for the latest Arkade Developers IPO review and GMP updates.

Arkade Developers IPO Review, Rating & Analysis

Arkade Developers IPO Review

NO REVIEW

Arkade Developers IPO Rating

Arkade Developers IPO Highlights

IPO Date

Sep 16, 2024 - Sep 19, 2024

Listing Date

24 Sep, 2024

Face Value

₹10 Per Equity Share

Price Band

₹121-128 per equity share

Lot Size

110 Shares

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

Arkade Developers IPO Lot Size

The minimum market lot for Arkade Developers IPO is 110 shares with an application amount of ₹14,080. Retail investors can apply for up to 14 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)1110₹14,080
Retail (Max)141540₹1,97,120
S-HNI (Min)151650₹2,11,200
S-HNI (Max)717810₹9,99,680
B-HNI (Min)727920₹10,13,760

Arkade Developers IPO Timeline

IPO Open Date
16 Sep, 2024
IPO Close Date
19 Sep, 2024
Basis of Allotment
20 Sep, 2024
Listing Date
24 Sep, 2024

Issue Price

₹121-128 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

Lead Manager

Unistone Capital Pvt Ltd

Issue Size

32,031,250 shares(aggregating up to ₹410.00 Cr)

Arkade Developers IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 24575.01635.71122.81323.4171.469.41
31 Mar 23555.41224.0150.77200.32198.32149.00
31 Mar 22369.97237.1850.84149.5147.4964.41

All values are in ₹ Cr.

Arkade Developers IPO Valuations

EPS Pre IPO

7.99

EPS Post IPO

6.61

PE Pre IPO

16.01

PE Post IPO

19.35

ROE

46.90%

ROCE

47.34%

Debt Equity

0.21

RoNW

46.90%

PAT Margin

19.35

Price to Book Value

6.02

Promoters & Share Holding

Promoter(s) Name

  • Mr. Amit Mangilal Jain
Share Holding Pre IssueShare Holding Post Issue
85.58%70.82%

About Company

Arkade Developers is a real estate development company whose operations are concentrated on the development of premium residential premises in Mumbai, Maharashtra. As of July 31, 2023, they have developed over 1.80 million square feet of residential property (including via partnership entities in which they hold the majority stake). They are engaged in both the development of new projects and the redevelopment of existing premises. Between 2017 and Q1 FY 2023, they launched 1,040 residential units and sold 792 residential units in different markets in the Mumbai Metropolitan Region (MMR), Maharashtra.

They are currently developing projects that have a very broad per-unit price point, ranging from ₹9.44 million to ₹62.53 million. While their initial projects were stand-alone residential buildings, their portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown and Arkade Aspire, Arkade Prime, and Arkade Aura. They are currently developing approximately 2 million square feet across five ongoing projects and 2 upcoming projects for which development agreements have been executed already.

Between calendar year 2017 and Q1 FY 2023, the MMR territory has contributed the highest share of annual sales of residential units across the top seven cities in India, ranging from 27% to 32%. Therefore, the company is strategically placed to access a large part of the real estate development market in India.

In the last two decades, the Company has completed 28 projects including 11 projects on a standalone basis including 2 projects executed through partnership firms in which the Company held a majority stake, 8 projects executed by the promoter through his proprietorship, M/s Arkade Creations, and 9 projects through joint development agreements with other third parties with a total built-up area of more than 4.5 million square meters awarded to more than 4,000 customers.

As of June 30, 2024, the company had 201 permanent employees and an additional 850 employees on a contract basis as of June 30, 2024.

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Arkade Developers IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved6,375,000
4,781,250

3,187,500    1,593,750
11,156,25022,312,500
Day 1 -16-09-24 05:00 PM
0.23 x
7.77

5.49 x   12.34 x
7.98 x5.74 x
Day 2 -17-09-24 05:00 PM
0.44 x
28.27

21.85 x   41.10 x
20.00 x16.21 x
Day 3 -17-09-24 05:00 PM
0.61 x
58.83

49.14 x   78.21 x
33.28 x29.44 x
Day 4 -18-09-24 05:00 PM
163.16 x
162.35

160.65 x   165.75 x
49.81 x105.89 x
Total No. of Applications:49,56,714 (Approx)
Retail Subscription:

Retail:47.89x

BHNI:33.1x

SHNI:165.7x times

Company Contact Details

Arkade Developers

Arkade House, Opp. Bhoomi Arkade, Near Childrens Academy, Kandivali (East), Mumbai - 400101

Phone: +91 22 2887474

Email: cs@arkade.in

Website: http://www.arkade.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Frequently Asked Questions about Arkade Developers IPO

When will Arkade Developers IPO open for subscription?

The Arkade Developers IPO opens on 16 Sep, 2024 and closes on 19 Sep, 2024.

What is the investors portion for Arkade Developers IPO?

The investors' portion for QIB is 163.16 x, NII is 160.65 x, and Retail is 49.81 x.

How to apply for Arkade Developers IPO?

You can apply for Arkade Developers IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Arkade Developers IPO?

The issue size of Arkade Developers IPO is approx ₹32,031,250 shares(aggregating up to ₹410.00 Cr) crores.

What is the price band of Arkade Developers IPO?

The price band for Arkade Developers IPO is ₹121 to ₹128 per equity share.

What is the lot size of Arkade Developers IPO?

The minimum bid (lot size) for Arkade Developers IPO is N/A shares with an investment of approx ₹14,080 .

What is the allotment date of Arkade Developers IPO?

The allotment date for Arkade Developers IPO is 20 Sep, 2024.

What is the listing date of Arkade Developers IPO?

The listing date for Arkade Developers IPO is expected to be 24 Sep, 2024.

What is the GMP of Arkade Developers IPO?

The latest Grey Market Premium (GMP) for Arkade Developers IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Arkade Developers IPO Date, Review, Price, Allotment Details, GMP | IPOROCK