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Arkade Developers Ltd IPO

Arkade Developers Limited is a rapidly growing real estate development Company with a significant presence in Mumbai, Maharashtra. The Company is engaged in the development of new projects and redevelopment of existing premises, and between 2017 and Q1 2024, it has launched 1,220 residential units and sold 1,045 residential units in different markets in the MMR. The Company has successfully completed redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which it holds the majority stake) with a combined constructed area of 1,000,000 square feet (approx.).

Arkade Developers Ltd IPO Details

Total Shares Offered

₹ 3,20,31,250

Offer to Public

TBA

Retail Max (Shares)

₹ 1,11,56,250

Pre Issue Promoters Holding

₹ 12,31,57,808

Exchange

BSE

Issue size

₹ 410 Cr

IPO Open Date

Sep 16, 2024

Close Date

Sep 19, 2024

Lot Size

110

Min Investment

₹ 13,310

Issue Type

Book Building

Listing Date

Sep 24, 2024

Arkade Developers Ltd IPO Dates

Sep 16, 2024

Opening date

Sep 19, 2024

Closing date

Sep 20, 2024

Basis of Allotment

Sep 23, 2024

Initiation of Refunds

Sep 23, 2024

Credit of Shares

Sep 24, 2024

Listing date

Details

Sector	Type
Sector	Construction
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	15937500
NII	0x	4781250
Retail	0x	11156250
Employee	0x	156250
Total	0x	32031250

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

15937500

4781250

11156250

156250

32031250

Arkade Developers Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	683.10	634.74	220.15
EBITDA	221.23	167.42	72.91
PAT	156.93	122.95	54.86
Total Assets	1,086.54	537.93	528.35
Share Capital	185.66	152.00	2.00
Total Borrowings	36.84	18.01	155.72
Operating Activities (Net Cash)	161.84	124.09	55.13
Investing Activities (Net Cash)	139.03	18.29	17.10
Financing Activities (Net Cash)	36.84	18.01	155.72
Net Cashflow	133.99	24.59	17.42

About Arkade Developers Ltd

Arkade Developers Limited was originally incorporated as `Arkade Developers Private Limited', at Mumbai as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on May 13, 1986. Thereafter, the Company was converted into a public limited company, pursuant to a special resolution passed by its Shareholders on June 5, 2023, and the name of the Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on July 7, 2023.

Mumbai is one of the biggest and most expensive real estate markets in India. It has various micro-markets along with Mumbai City, suburbs, extended suburbs and neighbouring areas such as Thane and Navi Mumbai. Between 2017 and 2019, the housing market in MMR witnessed a gradual growth in both supply and absorption of housing units, with absorption numbers surpassing the new residential supply. During this period, MMR's housing supply and absorption recorded respective increases of 45% and 42%.

Peer Comparison:

Keystone Realtors Ltd
Godrej Properties Ltd
Macrotech Developers Ltd
Suraj Estate Developers Ltd

Arkade Developers Ltd Key Points

Strengths

Strategic location of projects in micro markets of MMR, Maharashtra with entry barriers.

The Company is a leading player in select micro markets of, and an established developer in, the MMR, Maharashtra.

Experienced Promoter and strong and technically proficient management team.

Strong in-house resources.

Timely completion of projects.

Risk

The company may not be able to successfully identify redevelopment projects or identify and acquire suitable land for its proposed new projects which may have an adverse impact on the business and the growth of the Company.

Inability to complete the company projects by their expected completion dates or at all could have an adverse effect its business, results of operations and financial conditions.

The company is subject to penalty clauses under the agreements entered into with its customers for any delay in the completion of the company projects.

Strategy

Continue to expand in the eastern region of MMR, Maharashtra.

Moving up the value chain to premium / luxury residential premises.

Continue to focus on its blended business model.

How To Apply for Arkade Developers Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Arkade Developers Ltd IPO?

Arkade Developers Ltd's IPO offers shares for up to 410 It begins on Sep 16, 2024 and ends on Sep 19, 2024.

What is the price of the Arkade Developers Ltd IPO?

The price of Arkade Developers Ltd IPO ranges between ₹121 to ₹128 per share.

What are the open and close dates for the Arkade Developers Ltd IPO?

The Arkade Developers Ltd IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.

When will the Arkade Developers Ltd IPO be allotted?

The allotment for the Arkade Developers Ltd IPO will be finalised on Sep 20, 2024. The shares will be listed on BSE and NSE on Sep 24, 2024.

What is the minimum lot size required for Arkade Developers Ltd IPO?

The minimum lot size for Arkade Developers Ltd IPO is 110 shares, priced between ₹121 to ₹128 per share.

What is the GMP of Arkade Developers Ltd IPO?

The GMP (Grey Market Premium) of Arkade Developers Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Arkade Developers Ltd IPO?

To check the allotment status of Arkade Developers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Arkade Developers Ltd IPO getting listed?

The Arkade Developers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 16, 2024, and closes on Sep 19, 2024. The allotment is finalised on Sep 20, 2024.

How do you apply for the Arkade Developers Ltd IPO?

To apply for the Arkade Developers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.