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.).

Open Demat Account

50years

Arkade Developers Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 320.31 LTBA₹ 111.56 L₹ 1,231.58 LBSE₹ 410 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
16 Sep, 2419 Sep, 24110 ₹ 13,310 Book Building24 Sep, 24

Arkade Developers Ltd IPO Dates

  • 16 Sep 2024

    Opening date

  • 19 Sep 2024

    Closing date

  • 20 Sep 2024

    Basis of
    Allotment

  • 23 Sep 2024

    Initiation of
    Refunds

  • 23 Sep 2024

    Credit of
    Shares

  • 24 Sep 2024

    Listing date

Details

SectorType
SectorConstruction
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB69.04x159375001100300410
NII172.45x4781250824536460
Retail54.36x11156250606484010
Employee55.71x1562508705400
Total79.3x320312502540026280

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Arkade Developers Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations72.6462.55TBA
EBITDA72.9162.62TBA
PAT54.8648.58TBA
Total Assets528.37321.29TBA
Share Capital2.002.00TBA
Total Borrowings85.7712.70TBA
Operating Activities (Net Cash)55.1348.65TBA
Investing Activities (Net Cash)17.1040.46TBA
Financing Activities (Net Cash)85.7712.70TBA
Net Cashflow17.425.78TBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

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%.

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.).

Peer Comparison:

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

Arkade Developers Ltd IPO 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.
  • 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.

How To Apply for Arkade Developers Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

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.

Get your FAQs right

Arkade Developers Ltd's IPO offers shares for up to ₹ 0 L It begins on Sep 16, 2024 and ends on Sep 19, 2024.

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

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

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.

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

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

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.'

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.

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.