Arkade Developers IPO is launching on September 16, 2024, with the subscription period closing on September 19, 2024. This IPO follows the Book Built Issue method, aiming to raise around ₹410 crores. The offer comprises a fresh issue worth ₹410 crores along with an Offer for Sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the IPO has been set at ₹[.] per share. Of the total issue, 35% is allocated for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are expected to be listed on both the BSE and NSE on September 24, 2024, with allotment expected by September 20, 2024.
Financially, Arkade Developers reported a revenue of ₹635.71 crores in 2024, up from ₹224.01 crores in 2023. Profit also increased, with the company posting ₹122.81 crores in 2024, compared to ₹50.77 crores in 2023. Given this growth, the IPO could offer strong potential for long-term investors.
Arkade Developers IPO Objectives:
The company intends to use the net proceeds from the IPO for the following purposes:
Financing a portion of the expenses for ongoing projects, including Arkade Nest, Prachi CHSL, and C-Unit (Development Funding).
Funding the acquisition of land for future real estate developments, as well as for general corporate purposes.
Arkade Developers IPO Review (Apply or Not):
Update coming 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% |
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Arkade Developers IPO Lot Size:
The minimum lot size for the Arkade Developers IPO is 110 shares, requiring an application amount of ₹14,080. Retail investors can apply for up to 14 lots, which equals 1,540 shares, amounting to a maximum investment of ₹197,120.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 110 | ₹ 14,080 |
| Retail Maximum | 14 | 1,540 | ₹ 1,97,120 |
| S-HNI Minimum | 15 | 1,650 | ₹ 2,11,200 |
| B-HNI Minimum | 72 | 7,920 | ₹ 10,13,760 |
Arkade Developers IPO Timeline:
The Arkade Developers IPO is set to open on September 16 and close on September 19. The share allotment will be finalized on September 20, with the listing anticipated 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:
The Grey Market Premium (GMP) for Arkade Developers IPO has not yet been released. We are updating GMP information daily. Please check back soon for the latest 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 leading real estate company based in Mumbai, Maharashtra. Initially focused on construction projects, the company has 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 successfully completed 27 projects, covering over four million square feet and serving more than 4,000 customers.
Currently, the company is engaged in five ongoing projects and is preparing for two upcoming developments, collectively spanning around two million square feet. With a strong brand presence and a customer-first approach, Arkade Developers has gained substantial popularity across Maharashtra.
Arkade Developers IPO Financial Report:
The company reported a revenue of ₹635.71 crores in 2024, a significant rise from ₹224.01 crores in 2023. Similarly, profits increased to ₹122.81 crores in 2024, compared to ₹50.77 crores in the previous year.
| 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
Explore the valuation details of Arkade Developers IPO, including key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| 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 | 6.4 | 157.81 | 2275.63 Cr. |
| Godrej Properties Limited | 26.09 | 111.53 | 7.76 | 359.4 | 4334.22 Cr. |
| Macrotech Developers Limited | 16.03 | 78.46 | 10.32 | 180.8 | 10469.50 Cr. |
| Suraj Estate Developers Limited | 19.39 | 40.92 | 22.97 | 148.3 | 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 – 400093
- Phone: +91 22 6263 8200
- Email: ipo@bigshareonline.com
- Website: www.bigshareonline.com
IPO Lead Manager (Merchant Banker)
Unistone Capital Private Limited
Company Address
- Arkade Developers 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 IPO will open on September 16, 2024, and close on September 19, 2024.
What is the allocation quota for different categories?
The allocation 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 IPO be finalized?
The allotment will be finalized on September 20, 2024.
On which stock exchanges will the Arkade Developers IPO be listed?
The IPO will be listed on both the BSE and NSE on September 24, 2024.
What is the financial performance of Arkade Developers?
The company reported revenue of ₹635.71 crores in 2024, up from ₹224.01 crores in 2023. Profits also grew to ₹122.81 crores in 2024, compared to ₹50.77 crores in 2023.
Should I invest in the Arkade Developers IPO?
With strong financial growth and a solid presence in the real estate market, the IPO may offer long-term potential. However, it’s recommended to consult a financial advisor before making investment decisions.
Who is the promoter of Arkade Developers?
The key promoter is Amit Mangilal Jain.
