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Arkade Developers Limited IPO (Arkade Developers IPO) Detail

September 16, 2024 - September 19, 2024

Arkade Developers IPO is a book built issue of Rs 410.00 crores. The issue is entirely a fresh issue of 3.2 crore shares.

Arkade Developers IPO bidding started from September 16, 2024 and ended on September 19, 2024. The allotment for Arkade Developers IPO was finalized on Friday, September 20, 2024. The shares got listed on BSE, NSE on September 24, 2024.

Arkade Developers IPO price band is set at ₹121 to ₹128 per share. The minimum lot size for an application is 110 Shares. The minimum amount of investment required by retail investors is ₹14,080. The minimum lot size investment for sNII is 15 lots (1,650 shares), amounting to ₹211,200, and for bNII, it is 72 lots (7,920 shares), amounting to ₹1,013,760.

Unistone Capital Pvt Ltd is the book running lead manager of the Arkade Developers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Arkade Developers IPO RHP for detailed information.

Arkade Developers IPO Details

IPO Date September 16, 2024 to September 19, 2024
Listing Date September 24, 2024
Face Value ₹10 per share
Price Band ₹121 to ₹128 per share
Lot Size 110 Shares
Total Issue Size32,031,250 shares
(aggregating up to ₹410.00 Cr)
Fresh Issue32,031,250 shares
(aggregating up to ₹410.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue153,626,016
Share holding post issue185,657,266

Arkade Developers IPO Reservation

Arkade Developers IPO offers 3,18,75,000 shares. 63,75,000 (20%) to QIB, 47,81,250 (15%) to NII, 1,11,56,250 (35%) to RII and 95,62,500 (30%) to Anchor investors.

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered95,62,500 (30%)NA
QIB Shares Offered63,75,000 (20%)NA
NII (HNI) Shares Offered47,81,250 (15%)
  bNII > ₹10L31,87,500 (10%)1,931
  sNII < ₹10L15,93,750 (5%)965
Retail Shares Offered1,11,56,250 (35%)1,01,420
Total Shares Offered3,18,75,000 (100%)

Arkade Developers IPO Anchor Investors Details

Arkade Developers IPO raises Rs 122.40 crore from anchor investors. Arkade Developers IPO Anchor bid date is September 13, 2024. Arkade Developers IPO Anchor Investors list

Bid Date September 13, 2024
Shares Offered 9,562,500
Anchor Portion Size (In Cr.) 122.40
Anchor lock-in period end date for 50% shares (30 Days) October 20, 2024
Anchor lock-in period end date for remaining shares (90 Days) December 19, 2024

Arkade Developers IPO Timeline (Tentative Schedule)

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

IPO Open Date Monday, September 16, 2024
IPO Close Date Thursday, September 19, 2024
Basis of Allotment Friday, September 20, 2024
Initiation of Refunds Monday, September 23, 2024
Credit of Shares to Demat Monday, September 23, 2024
Listing Date Tuesday, September 24, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 19, 2024

Arkade Developers IPO Lot Size

Investors can bid for a minimum of 110 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 110 ₹14,080
Retail (Max) 14 1540 ₹197,120
S-HNI (Min) 15 1,650 ₹211,200
S-HNI (Max) 71 7,810 ₹999,680
B-HNI (Min) 72 7,920 ₹1,013,760
Lot Size Calculator

Arkade Developers IPO Promoter Holding

Mr. Amit Mangilal Jain is the company promoter.

Share Holding Pre Issue 85.58%
Share Holding Post Issue 70.82%

About Arkade Developers Limited

Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.

The company's business can be divided into two segments:

  • Development/construction of residential buildings on land acquired by the company (new projects); and
  • Redevelopment of existing buildings (Redevelopment Projects)

The company is involved in the development of new projects and the redevelopment of existing buildings. Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets in MMR, Maharashtra. As of June 30, 2024, the company has developed 2.20 million square feet of residential properties. From CY 2003 to March 2024, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company held a majority stake) with a total built-up area of 1,000,000 square feet (approx.).

In the last two decades, the Company has completed 28 projects including 11 projects on a standalone basis including 2 projects executed through partnership firms in which the Company held a majority stake, 8 projects executed by the promoter through his proprietorship, M/s Arkade Creations, and 9 projects through joint development agreements with other third parties with a total built-up area of more than 4.5 million square meters awarded to more than 4,000 customers.

As of June 30, 2024, the company had 201 permanent employees and an additional 850 employees on a contract basis as of June 30, 2024.

Company Financials

Arkade Developers Limited Financial Information (Restated Consolidated)

Arkade Developers Limited's revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets575.01555.41369.97
Revenue635.71224.01237.18
Profit After Tax122.8150.7750.84
Net Worth323.4200.32149.5
Reserves and Surplus171.4198.32147.49
Total Borrowing69.4114964.41
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Arkade Developers IPO is Rs 2376.41 Cr.

KPI as of March 31, 2024.

KPI Values
ROE46.90%
ROCE47.34%
Debt/Equity0.21
RoNW46.90%
P/BV6.02
PAT Margin (%)19.35
Pre IPO Post IPO
EPS (Rs) 7.996.61
P/E (x) 16.0119.35
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Arkade Developers IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  1. Funding is part of the costs to be incurred in developing the Ongoing Projects (viz. Arkade Nest, Prachi CHSL, and C-Unit) (Funding Development Expenses); and
  2. Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes.

Arkade Developers IPO Review (Apply)

[Dilip Davda]  The company is one of the leading real estate developer having its operations in MMR region. It marked static performance for FY22 and FY23, but posted improved numbers for FY24, indicating the likely trends going ahead. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...


Arkade Developers IPO Subscription Status (Bidding Detail)

The Arkade Developers IPO is subscribed 113.49 times on September 19, 2024 6:16:09 PM. The public issue subscribed 53.78 times in the retail category, 172.60 times in the QIB category, and 172.22 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB172.60
NII172.22
    bNII (bids above ₹10L)169.95
    sNII (bids below ₹10L)176.76
Retail53.78
Total113.49

Total Application : 5,034,489 (49.64 times)

Arkade Developers IPO Prospectus

Arkade Developers IPO Rating

9
3.7
Rating:Rated 3.7 stars
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Arkade Developers IPO Listing Details

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

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹128.00
₹175.90
₹164.70
₹190.00
₹165.85
NSE
₹128.00
₹175.00
₹164.80
₹190.00
₹165.86

Check IPO Performance…

Arkade Developers Limited Contact Details

Arkade Developers Limited
Arkade House, Opp. Bhoomi Arkade,
Near Children�s Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai - 400101
Phone: +91 22 2887474
Email: cs@arkade.in
Website: http://www.arkade.in/

Arkade Developers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Arkade Developers IPO - Buy or Not

Arkade Developers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 11 1 0
Members 1 0 1

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Arkade Developers IPO FAQs

Arkade Developers IPO is a main-board IPO of 32,031,250 equity shares of the face value of ₹10 aggregating up to ₹410.00 Crores. The issue is priced at ₹121 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.

Zerodha customers can apply online in Arkade Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Arkade Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Arkade Developers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Arkade Developers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

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

You can apply in Arkade Developers 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Arkade Developers IPO listing date is on September 24, 2024.
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Arkade Developers IPO Message Board

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