Arkade Developers IPO Details
The Arkade Developers IPO is a book build issue with a total issue size of ₹410 cr, comprising of fresh issue of 32031250 equity shares. Arkade Developers IPO opened for subscription on Sep 16, 2024 and closed on Sep 19, 2024. Arkade Developers IPO is set price band at ₹121 to ₹128 per share, with a lot size of 110 shares. Minimum investment for Retail investors was ₹14,080.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 20, 2024, and listed on both the NSE and BSE on Sep 24, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Unistone Capital Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Arkade Developers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 121 – 128
- Lot Size
- 110
- Issue Size
- ₹410 Cr
- Minimum Investment
- ₹14080 (110 Shares)
- Listing Date
- 24 September 2024
Current GMP
₹63 (+49.22%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Arkade Developers Limited
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.
Arkade Developers IPO Promoters
Mr. Amit Mangilal Jain is the company promoter.
Promoters Holding
Holding Pre Issue
85.58%
Holding Post Issue
70.82%
Arkade Developers IPO Objective
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
Book Running Lead Managers
- Unistone Capital Pvt Ltd
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 with a total issue size of ₹410 crore. The Arkade Developers IPO price band is ₹121 to 128 per share. The Arkade Developers IPO subscription opens on Mon, Sep 16, 2024, and closes on Thu, Sep 19, 2024. The Arkade Developers IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Arkade Developers IPO.
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 per share.
Arkade Developers IPO lot size is 110 shares, Retail investors need a minimum investment of ₹14080 based on the upper price band
The minimum investment for Arkade Developers IPO is ₹14080, based on one lot of 110 shares at the upper price band of ₹128 per share.
Investors can apply for the Arkade Developers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 19, 2024. The application amount remains blocked until the Arkade Developers IPO allotment is finalized.
Arkade Developers IPO issue size is ₹410 crores.
Arkade Developers IPO allotment date is Wed, Jul 1, 2026.
The registrar for Arkade Developers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Arkade Developers IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.