Arkade Developers IPO
Open MainLineCurrent GMP
₹63 (+49.22%)
Price Band
₹ 121 – 128
Lot Size
110
Issue Size
₹410 Cr
Minimum Investment
₹14080 (110 Shares)
Listing Date
24 September 2024
Subscription
106.76x
About the Company
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.
The company's business can be divided into two segments:
- Development/construction of residential buildings on land acquired by the company (new projects); and
- Redevelopment of existing buildings (Redevelopment Projects)
The company is involved in the development of new projects and the redevelopment of existing buildings. Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets in MMR, Maharashtra. As of June 30, 2024, the company has developed 2.20 million square feet of residential properties. From CY 2003 to March 2024, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company held a majority stake) with a total built-up area of 1,000,000 square feet (approx.).
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.
Promoters
Mr. Amit Mangilal Jain is the company promoter.
Promoters Holding
Holding Pre Issue
85.58%
Holding Post Issue
70.82%
Objects of the Issue
Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding a part of the costs to be incurred in the development of our 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,(collectively, the Objects)
Address / Contact Info
Arkade Developers Limited
Arkade House, Opp. Bhoomi Arkade,
Near Children's Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai - 400101
Phone: +91 22 2887474
Email: cs@arkade.in
Website: http://www.arkade.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 16 September 2024
IPO Close Date
Thursday, 19 September 2024
Basis of Allotment
Friday, 20 September 2024
Initiation of Refunds
Monday, 23 September 2024
Credit of Shares to Demat
Monday, 23 September 2024
Listing Date
Tuesday, 24 September 2024 — NSE & BSE
Important Dates
Open Date
16 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 171.4 | 198.32 | 147.49 |
| Total Borrowings | 69.41 | 149 | 64.41 |
EPS Pre
7.99%
EPS Post
6.61%
P/E Pre
16.01
P/E (Post Issue)
19.35x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 46.9 |
| ROCE % | 47.34 |
| Debt / Equity | 0.21 |
| RoNW % | 46.9 |
| PbW | 6.02 |
| Pat Margin % | 19.35 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 9562500 | 30 | 0 |
| Qualified Institutions | 6375000 | 20 | 0 |
| Non-Institutional | 4781250 | 15 | 0 |
| BNII | 3187500 | 10 | 1931 |
| SNII | 1593750 | 5 | 965 |
| Retail Investors | 11156250 | 35 | 101420 |
| Total | 31875000 | 100 | 0 |
Subscription Status ( Thu, 19 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 6743800 | 1100300410 | 163.16x |
| Non-Institutional | 5057852 | 824214930 | 162.96x |
| BNII | 3371902 | 541711170 | 160.65x |
| SNII | 1685950 | 282503760 | 167.56x |
| Retail Investors | 11801654 | 605000550 | 51.26x |
| Employees | 172413 | 8684720 | 50.37x |
| Total | 23775719 | 2538200610 | 106.76x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 110 | 14,080.00 |
| Retail (Max) | 14 | 1,540 | 197,120.00 |
| S-HNI (Min) | 15 | 1,650 | 211,200.00 |
| S-HNI (Max) | 71 | 7,810 | 999,680.00 |
| B-HNI (Min) | 72 | 7,920 | 1,013,760.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Unistone Capital Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Arkade Developers IPO is a Book-building IPO worth ₹410 crores. The price band is ₹121 to 128 per share. The IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Arkade Developers IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
Arkade Developers IPO Price Band is ₹121 to 128.
Arkade Developers IPO lot size is 110, and the minimum amount required for application is ₹14080.
The minimum investment for Arkade Developers IPO is approximately ₹14080 based on the upper price band.
To apply for the Arkade Developers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 19, 2024. After submission, funds are blocked until the basis of allotment of Arkade Developers IPO is finalised.
Arkade Developers IPO issue size is ₹410 crores.
Arkade Developers IPO allotment date is Sat, Jun 27, 2026.
The registrar for Arkade Developers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Arkade Developers IPO through their official website or helpline.
The Arkade Developers IPO GMP (Grey Market Premium) is ₹63 as of Tue, Sep 24, 2024. Based on the upper price band of ₹128 per share, the estimated Arkade Developers IPO listing price is ₹191, indicating a potential listing gain of approximately 31% over the issue price.