Arkade Developers IPO Details: Arkade Developers is set to open its IPO on September 16, 2024, with a closing date of September 19, 2024. This IPO will follow a Book Built Issue process, aiming to raise approximately ₹410 crores. The offer includes a fresh issue amounting to ₹410 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Arkade Developers IPO is set at ₹[.] per share. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIBs) is 50%, and for High Net-worth Individuals (HNIs) is 15%. The shares are expected to be listed on both BSE and NSE on September 24, 2024, with the allotment date slated for September 20, 2024.
In terms of financial performance, the company reported a revenue of ₹635.71 crores in 2024, a significant increase from ₹224.01 crores in 2023. The profit figures also show growth, with a profit of ₹122.81 crores in 2024 compared to ₹50.77 crores in 2023. Based on the financials, investors might consider this IPO for long-term investment potential.
Arkade Developers IPO Objectives:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding is part of the costs to be incurred in developing the 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.
Arkade Developers IPO Review (Apply or Not)
- Update soon
Arkade Developers IPO Date & Price Band Details:
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹128 Per Share |
| Issue Size: | Approx ₹410 Crores |
| Fresh Issue: | Approx ₹410 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Arkade Developers IPO Lot Size:
The minimum market lot for the Arkade Developers IPO is 110 shares, with an application amount of ₹14,080. Retail investors can apply for a maximum of 14 lots, totaling 1,540 shares or an investment of ₹197,120.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 110 | ₹14,080 |
| Retail Maximum | 14 | 1,540 | ₹197,120 |
| S-HNI Minimum | 15 | 1,650 | ₹211,200 |
| B-HNI Minimum | 72 | 7,920 | ₹10,13,760 |
Arkade Developers IPO Timeline:
The Arkade Developers IPO will open on September 16 and close on September 19. The allotment of shares is scheduled to be finalized on September 20, with the IPO listing expected on September 24.
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
Arkade Developers IPO GMP Today:
GMP for Arkade Developers IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Arkade Developers IPO
The key promoter of Arkade Developers Limited is Amit Mangilal Jain.
About Arkade Developers IPO
Arkade Developers Limited is a prominent real estate firm based in Mumbai, Maharashtra. Originally established to focus on building projects, the company has since expanded its portfolio to include several gated community developments, such as Arkade Nest, Arkade Prime, Arkade Crown, Arkade Aspire, and Arkade Aura. To date, Arkade Developers has completed 27 projects, covering over four million square feet and serving more than 4,000 customers.
Currently, the company is actively engaged in five ongoing projects and is preparing for two upcoming developments, which will together utilize around two million square feet of space. Thanks to its successful business strategy, anchored in strong brand recognition and a customer-centric approach, Arkade Developers has garnered significant popularity across the Maharashtra region.
Arkade Developers IPO Company Financial Report
The company reported revenue of ₹635.71 crores in 2024 against ₹224.01 crore in 2023. The company reported profit of ₹122.81 crores in 2024 against profit of ₹50.77 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹237.18 | ₹178.89 | ₹50.84 | ₹369.97 |
| 2023 | ₹224.01 | ₹161.41 | ₹50.77 | ₹555.41 |
| 2024 | ₹635.71 | ₹471.56 | ₹122.81 | ₹575.01 |
Arkade Developers IPO Valuation – FY2024
Check Arkade Developers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 46.90% |
| ROCE: | 47.34% |
| EBITDA Margin: | 26.68% |
| PAT Margin: | 19.35% |
| Debt to equity ratio: | 0.21 |
| Earning Per Share (EPS): | ₹8.08 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 46.90% |
| Net Asset Value (NAV): | ₹21.28 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Keystone Realtors Limited | 9.85 | 74.85 | 6.40 | 157.81 | 2275.63 Cr. |
| Godrej Properties Limited | 26.09 | 111.53 | 7.76 | 359.40 | 4334.22 Cr. |
| Macrotech Developers Limited | 16.03 | 78.46 | 10.32 | 180.80 | 10469.50 Cr. |
| Suraj Estate Developers Limited | 19.39 | 40.92 | 22.97 | 148.30 | 415.70 Cr. |
Arkade Developers IPO Registrar
Bigshare Services Pvt. Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Unistone Capital Private Limited
Company Address
Arkade Developers IPO Limited
Arkade House, Opp. Bhoomi Arkade,
Near Children’s Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai – 400101, Maharashtra
Phone: +91 (22) 28874742
Email: cs@arkade.in
Website: www.arkade.in
Arkade Developers IPO FAQs
What are the Arkade Developers IPO open and close dates?
The Arkade Developers IPO will open on September 16, 2024, and close on September 19, 2024.
What is the Arkade Developers IPO issue size?
The total issue size for the Arkade Developers IPO is approximately ₹410 crores, which includes a fresh issue of ₹410 crores and an offer for sale of up to [.] equity shares.
What is the price band for the Arkade Developers IPO?
The price band for the Arkade Developers IPO is set at ₹[.] per share.
What is the minimum lot size for the Arkade Developers IPO?
The minimum lot size for the Arkade Developers IPO is [.] shares.
What is the application amount for the minimum lot size?
The application amount for the minimum lot size of Arkade Developers IPO is ₹[.].
How much can a retail investor apply for in the Arkade Developers IPO?
Retail investors can apply for up to 13 lots, which totals [.] shares or an application amount of ₹[.].
What is the allocation quota for different categories in the Arkade Developers IPO?
The allocation quota is 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs).
When will the allotment for the Arkade Developers IPO be finalized?
The allotment date for the Arkade Developers IPO is September 20, 2024.
On which stock exchanges will the Arkade Developers IPO be listed?
The Arkade Developers IPO will be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) on September 24, 2024.
What is the financial performance of Arkade Developers?
Arkade Developers reported revenue of ₹635.71 crores in 2024, up from ₹224.01 crores in 2023. The company also saw a profit increase to ₹122.81 crores in 2024 from ₹50.77 crores in 2023.
Should I invest in the Arkade Developers IPO?
Based on the company’s financial growth and strong presence in the real estate sector, investors may consider applying for the IPO for long-term potential. However, it is advisable to consult with a financial advisor before making any investment decisions.
Who are the promoters of Arkade Developers?
The promoter of Arkade Developers Limited is Amit Mangilal Jain.
