Arkade Developers IPO (Arkade Developers Limited IPO)
Arkade Developers IPO open for bidding on 16th September 2024 and ends on 19th September 2024.
Arkade Developers Limited is a premium real estate development company based in Mumbai, Maharashtra, with a focus on creating aspirational lifestyle residential premises. The company operates across two main business segments: new development projects on acquired land and redevelopment projects of existing structures. Since 2017, Arkade has successfully launched 1,220 residential units and sold 1,045 units across various markets.
Arkade has a robust track record of delivering projects on time, positioning itself as a major player in Mumbai’s real estate market. The company has completed over 10 redevelopment projects in the city’s western suburbs and South Mumbai. Arkade also holds a market share in premium micro-markets such as Borivali West, Goregaon East, and Santacruz West.
Strategically located in one of India’s most expensive real estate markets, Arkade’s projects are designed to meet the growing demand for high-end, premium budget homes. Its customer-centric approach and strong brand recognition contribute to its sustained growth and expansion.
For more details refer to Arkade Developers IPO RHP and Arkade Developers IPO Pulse Score
Arkade Developers IPO Details
| IPO Date | 16th September 2024 to 19th September 2024 |
| Listing Date | [●] |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 3,33,38,219 shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue | 3,33,38,219 shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 95,62,500(28.7%) |
| QIB | 67,43,800(20.2%) |
| NII | 50,57,852(15.2%) |
| bNII | 33,71,902(10.1%) |
| sNII | 16,85,950(5.1%) |
| Retail | 1,18,01,654(35.4%) |
| Employees | 1,72,413(0.5%) |
| Total | 3,33,38,219(100%) |
Arkade Developers IPO Timeline
| IPO Open | 16th September 2024 |
| IPO Close | 19th September 2024 |
| Basis Of Allotment | 20th September 2024 |
| Initiation of Refunds | 23rd September 2024 |
| Credit of Shares to Demat | 23rd September 2024 |
| Listing Date | 24th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹2376.41 Cr | P/E Ratio- Pre IPO | 16.01 |
| RoNW | 46.90% | P/E Ratio- Post IPO | 19.35 |
| RoCE | 47.34% | P/B Ratio | 6.02 |
| Debt to Equity | 0.21 | PAT Margin% | 19.35% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Arkade Developers IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding a part of the costs to be incurred in the development of 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.
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