Arkade Developers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 16 Sep 2024
Close Date
Thu, 19 Sep 2024
Price Band
₹ 121 – 128
Lot Size
110
Issue Size
₹ 410.00 Cr
Minimum Investment
₹ 14,080 (110 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Arkade Developers IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹410.00 Crore, comprising a fresh issue of 3.20 Crore equity shares aggregating to ₹410.00 Crore.
The Arkade Developers IPO remained open for subscription from September 16, 2024, to September 19, 2024. The basis of allotment was finalized on September 20, 2024, and the company's shares were listed on the NSE and BSE on September 24, 2024.
The company had fixed the price band at ₹121 to ₹128 per share, with a lot size of 110 shares. Retail investors were required to make a minimum investment of ₹14,080 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Arkade Developers Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Arkade Developers IPO Timeline (Tentative)
- IPO Open Date
- Mon, 16 Sep 24
- IPO Close Date
- Thu, 19 Sep 24
- Basis of Allotment
- Fri, 20 Sep 24
- Initiation of Refunds
- Mon, 23 Sep 24
- Credit of Shares to Demat
- Mon, 23 Sep 24
- Listing Date
- Tue, 24 Sep 24 — NSE & BSE
Open Date
16 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
IPO Subscription
Check Live Subscription →The Arkade Developers IPO has received bids for 2,53,82,00,610 shares against 2,37,75,719 shares offered, resulting in an overall subscription of 106.76x. the NII category is subscribed 162.96x, Retail Investors 51.26x, Employees 50.37x, and QIBs 163.16x. Within the NII category, BNII is subscribed 160.65x, while SNII is subscribed 167.56x.
QIB
163.16x
NII
162.96x
BNII
160.65x
SNII
167.56x
RII
51.26x
EMP
50.37x
Total
106.76x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,11,56,250 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 63,75,000 shares (20%), while Non-Institutional Investors (NIIs) receive 47,81,250 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 9,562,500 | 30% |
| Qualified Institutions | 6,375,000 | 20% |
| Non-Institutional | 4,781,250 | 15% |
| BNII | 3,187,500 | 10% |
| SNII | 1,593,750 | 5% |
| Retail Investors | 11,156,250 | 35% |
| Total | 31,875,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Arkade Developers Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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)
Arkade Developers Limited Address / Contact Details
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
Arkade Developers IPO Lot Size
The Arkade Developers IPO has a lot size of 110 shares. Retail investors require a minimum investment of ₹14,080 by applying for 1 lot (110 shares). The maximum application allowed for the retail category is 14 lots (1,540 shares), requiring an investment of ₹1,97,120.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Arkade Developers 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.
When will the Arkade Developers IPO open for subscription?
The Arkade Developers IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
What is Arkade Developers IPO Price Band?
Arkade Developers IPO Price Band is ₹121 to 128 per share.
What is Arkade Developers IPO Lot Size?
Arkade Developers IPO lot size is 110 shares, Retail investors need a minimum investment of ₹14080 based on the upper price band
What is the minimum investment for Arkade Developers IPO?
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.
How to apply for Arkade Developers IPO?
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.
What is Arkade Developers IPO Issue Size?
Arkade Developers IPO issue size is ₹410 crores.
What is the Arkade Developers IPO Allotment Date?
Arkade Developers IPO allotment date is Fri, Sep 20, 2024.
Who is the Arkade Developers IPO Registrar?
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.
What is the Arkade Developers IPO GMP?
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 49.22% over the issue price.
Who is the Arkade Developers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Arkade Developers IPO are Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Arkade Developers IPO Red Herring Prospectus (RHP).