Arkade Developers Ltd IPO
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Arkade Developers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 320.31 L | TBA | ₹ 111.56 L | ₹ 1,231.58 L | BSE | ₹ 410 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 16 Sep, 24 | 19 Sep, 24 | 110 | ₹ 13,310 | Book Building | 24 Sep, 24 |
Arkade Developers Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 69.04x | 15937500 | 1100300410 |
| NII | 172.45x | 4781250 | 824536460 |
| Retail | 54.36x | 11156250 | 606484010 |
| Employee | 55.71x | 156250 | 8705400 |
| Total | 79.3x | 32031250 | 2540026280 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 220.15 | 228.93 | TBA |
| EBITDA | 72.91 | 62.62 | TBA |
| PAT | 54.86 | 48.58 | TBA |
| Total Assets | 528.37 | 321.29 | TBA |
| Share Capital | 2.00 | 2.00 | TBA |
| Total Borrowings | 85.77 | 12.70 | TBA |
| Operating Activities (Net Cash) | 55.13 | 48.65 | TBA |
| Investing Activities (Net Cash) | 17.10 | 40.46 | TBA |
| Financing Activities (Net Cash) | 85.77 | 12.70 | TBA |
| Net Cashflow | 17.42 | 5.78 | TBA |
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.