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Arkade Developers Ltd

Construction

Offer Period :

16th to 19th Sep 2024

Arkade Developers Ltd, a Mumbai-based real estate powerhouse, is renowned for its 1.8 million sq. feet developed area. Focused on Maharashtra's thriving real estate market, Read more...it excels in crafting high-end, aesthetically designed residential spaces for premium budget customers. Ongoing projects include Arkade Aura, Arkade Prime, and Arkade Aspire, contributing to a total development area of 2 million square feet across seven projects in Mumbai. Read less

Arkade Developers Ltd IPO Details

IPO Date 16th to 19th Sep 2024 Minimum Investment ₹14080 / 1 Lots
Listing Date 2024-09-24 Maximum Investment ₹197120 / 14 Lots
Face Value ₹10 per share Total Issue Size ₹410 Crores
Price ₹128 to ₹128 per share Fresh Issue ₹410 Crores
Lot Size 1 Lots (110 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹5 per share    
IPO Date 16th to 19th Sep 2024
Listing Date 2024-09-24
Face Value ₹10 per share
Price ₹128 to ₹128 per share
Lot Size 1 Lots (110 Shares)
Listing At BSE, NSE
Employee Discount ₹5 per share
Minimum Investment ₹14080 / 1 Lots
Maximum Investment ₹197120 / 14 Lots
Total Issue Size ₹410 Crores
Fresh Issue ₹410 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

16th Sep

IPO Starts

19th Sep

IPO Ends

20th Sep

Allotment Date

23rd Sep

Initiation of Refund

23rd Sep

Credit of Shares to Demat Account

24th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 80.17 0
Public Group 19.83 0

Arkade Developers Ltd IPO Reservation

QIB Shares Offered 6375000(19.9%)
NII (HNI) Shares Offered 4781250(14.93%)
Retail Shares Offered 11156250(34.83%)
Anchor Investor Shares Offered 9562500(29.85%)
Total Shares Offered 32031250
Total Shares With Anchor Investor 32031250

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Arkade Developers Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91-22-62638200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Arkade Developers Ltd IPO Lead Manager

1. Unistone Capital Pvt Ltd

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Arkade Developers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 63,75,000 29,75,500 22,47,197.0
Non Institutional Investors (NIIs) 47,81,250 16,25,27,750 22,47,197.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 31,87,500 8,45,52,490 22,47,197.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 15,93,750 7,79,75,260 22,47,197.0
Retail Individual Investors (RIIs) 1,11,56,250 25,61,21,140 22,47,197.0
Total 2,23,12,500 42,51,26,350 22,47,197.0

Strength of Arkade Developers Ltd

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

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

3. Experienced Promoter and strong and technically proficient management team.

4. Strong in-house resources.

5. Timely completion of projects.

Risks Involved

1. 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.

2. 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.

3. 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.

4. The company does not enter into long term agreements for supply of labour and key materials for construction of its projects. Any significant increase in the prices, or shortage of, or delay or disruption in supply of labour or key materials for the company construction may result in time or cost overruns and may impact of the business prospects.

5. The company relies on third party contractors whom its do not control to construct of the projects. Any delay or failure on the part of such contractors to adhere to their obligations could adversely affect the company financial condition and its business.

6. The company propose to deploy a part of the Net Proceeds towards acquisition of unidentified land and general corporate purposes. Its cannot assure you that the land that the company acquires will be viable or that the project developed on such land will be profitable. Further, if the company is unable to identify and, or, acquires suitable land required to develop new projects the company it could have an adverse impact on its financial condition, business and growth prospects.

7. The company revenue from operation is significantly dependent on its ability to sell the company units in a timely manner. If its are not able to sell of the project inventories in a timely manner, then it may adversely affect the company business, results of operations and financial condition.

8. The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.

9. The COVID-19 pandemic adversely affects its business, financial condition, results of operations, cash flows, liquidity and performance, and it may reduce the demand for its projects in future.

10. Its entire business is concentrated within the MMR region. Any event or circumstance that adversely affects the real estate market in the MMR region will have an adverse effect on its business, results of operation and the company financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 575.01 555.41 369.97
Total Liabilities 575.01 555.41 369.97
Total Expenses 471.56 161.41 178.89
Total Revenue 
635.71 224.01 237.18
Profit After Tax 122.84 50.78 50.47
EBITDA 169.38 68.32 69.97
Adjusted EBITDA 0 0 0

Arkade Developers Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-24 544261 ARKADE
INE0QRL01017
₹128 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹128 ₹128
Open ₹175.9 ₹175
Low ₹164.7 ₹164.8
High ₹190 ₹190
Low ₹164.7 ₹164.8

Frequently Asked Questions

What is Arkade Developers Ltd IPO?

Answer Field

Arkade Developers Ltd IPO is a Mainboard IPO of 3,20,31,250 equity shares of a face value of ₹10 aggregating up to ₹410 Crores. The issue is priced at ₹128 to ₹128 per share. The minimum order quantity is 110 Shares. The IPO opens on September 16, 2024, and closes on September 19, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Arkade Developers Ltd IPO will open?

Answer Field

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

What is the lot size of Arkade Developers Ltd?

Answer Field

Arkade Developers Ltd lot size is 110 shares, and the minimum amount required is ₹14,080.

How to apply for Arkade Developers Ltd IPO?

Answer Field

You can apply in Arkade Developers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Arkade Developers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Arkade Developers Ltd IPO will be done on September 20, 2024, and the allotted shares will be credited to your demat account by September 23, 2024.

When is Arkade Developers Ltd IPO listing date?

Answer Field

The Arkade Developers Ltd listing date is September 24, 2024.

Who is the registrar of Arkade Developers Ltd IPO?

Answer Field

The registrar of Arkade Developers Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Arkade Developers Ltd IPO?

Answer Field

The fresh issue size is ₹410 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Arkade Developers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 110 shares and ₹14,080 amount.

How can I approve the UPI mandate request for Arkade Developers Ltd IPO?

Answer Field

To apply for Arkade Developers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Arkade Developers Ltd?

Answer Field

The price of each Arkade Developers Ltd share will be ranging in between ₹128 to ₹128 per share.

What is the cut-off time for the UPI mandate for Arkade Developers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 19, 2024.

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