
Arkade Developers
Mainboard₹14,080 / 110 Shares
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 REVIEWArkade 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1540 | ₹1,97,120 |
| S-HNI (Min) | 15 | 1650 | ₹2,11,200 |
| S-HNI (Max) | 71 | 7810 | ₹9,99,680 |
| B-HNI (Min) | 72 | 7920 | ₹10,13,760 |
Arkade Developers IPO Timeline
Issue Price
₹121-128 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Unistone Capital Pvt LtdIssue Size
32,031,250 shares(aggregating up to ₹410.00 Cr)Arkade Developers IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 575.01 | 635.71 | 122.81 | 323.4 | 171.4 | 69.41 |
| 31 Mar 23 | 555.41 | 224.01 | 50.77 | 200.32 | 198.32 | 149.00 |
| 31 Mar 22 | 369.97 | 237.18 | 50.84 | 149.5 | 147.49 | 64.41 |
All values are in ₹ Cr.
Arkade Developers IPO Valuations
EPS Pre IPO
7.99EPS Post IPO
6.61PE Pre IPO
16.01PE Post IPO
19.35ROE
46.90%ROCE
47.34%Debt Equity
0.21RoNW
46.90%PAT Margin
19.35Price to Book Value
6.02Promoters & Share Holding
Promoter(s) Name
- Mr. Amit Mangilal Jain
| Share Holding Pre Issue | Share 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.
Arkade Developers IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,375,000 | 4,781,250 3,187,500 1,593,750 | 11,156,250 | 22,312,500 |
Day 1 -16-09-24 05:00 PM | 0.23 x | 7.77 5.49 x 12.34 x | 7.98 x | 5.74 x |
Day 2 -17-09-24 05:00 PM | 0.44 x | 28.27 21.85 x 41.10 x | 20.00 x | 16.21 x |
Day 3 -17-09-24 05:00 PM | 0.61 x | 58.83 49.14 x 78.21 x | 33.28 x | 29.44 x |
Day 4 -18-09-24 05:00 PM | 163.16 x | 162.35 160.65 x 165.75 x | 49.81 x | 105.89 x |
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 - 400101Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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.
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.
