Arkade Developers IPO: Investors can check the status of their application on the websites of the BSE, NSE, and the registrar for the public offer, Bigshare Services, once the shares allocation for the Arkade IPO was completed. During the three days that the IPO was out for subscription, the Rs 410 crore saw astounding offers totaling Rs 32,512.34 crore.
The subscription period for the issue ran from September 16 to September 19, and the IPO listing date for Arkade Developers is September 24.
On September 23, it will start refunding applicants whose applications were denied and credit the shares into the demat accounts of the winning bidders.
Arkade Developers IPO Details
| IPO Open Date: | Monday, September 16, 2024 |
| IPO Close Date: | Thursday, September 19, 2024 |
| Face Value: | ₹10 Per Share |
| IPO Price Band: | ₹121 to ₹128 per share |
| Issue Size: | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue: | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Offer for Sale: | |
| Employee Discount: | ₹0 Per Share |
| Issue Type: | Book Built Issue IPO |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 20% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Arkade Developers IPO Market Lot-
| Category | Minimum Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹ 14,080 |
| Retail Maximum | 14 | 1540 | ₹ 197,120 |
| S-HNI Minimum | 15 | 1650 | ₹ 211,200 |
Arkade Developers IPO Dates:
- 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
Promoters of Arkade Developers –
- The company promoter is Mr. Amit Mangilal Jain.
About Arkade Developers –
Arkade Developers Limited is a real estate development company focused on developing high-end and sophisticated residential complexes in Mumbai, Maharashtra. The company’s business can be divided into two segments: Development/construction of residential structures on the lands acquired by the company (new projects); And Reconstruction of existing buildings (renovation projects)The company is engaged 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 meters of residential property. From calendar year 2003 to March 2024, the company completed the redevelopment of 10 projects in the western suburbs of Mumbai and one project in central south Mumbai (through a partnership firm in which the company held a majority stake) with a total built-up area, of 1,000,000 square meters (approx.). Over the past two decades, the Company has completed 28 projects, including 11 projects independently, including 2 projects executed by partner companies in which the Company held a majority stake, and 8 projects executed by the developer through its partnership company, M /s Arcade 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 feet, awarded to more than 4,000 customers. As of June 30, 2024, the company had 201 permanent employees and another 850 contract employees until June 30, 2024.
Arkade Developers IPO-Financial Performance (in ₹ Crores)
| Year | Revenue | Assets | PAT |
|---|---|---|---|
| 2022 | 237.18 | 369.97 | 50.84 |
| 2023 | 224.01 | 555.41 | 50.77 |
| 2024 | 635.71 | 575.01 | 122.81 |
Arkade Developers IPO Valuation (FY2024):
- EPS: ₹8.54
- P/E Ratio: N/A (not yet listed)
- RoNW: 58.29
- NAV: ₹14.64
Peer Group
- Container Corporation Of India Limited
- Mahindra Logistics Limited
- TCI Express Limited
Arkade Developers IPO Registrar:
Bigshare Services Pvt Ltd
Telefono: +91-22-6263 8200E-
mail:ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Arkade Developers IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
Arkade Developers IPO Company Address-
Arkade Developers Limited
Arkade House, Near Children’s Academy,
A S Marg, Ashok Nagar, Opp. Bhoomi Arkade
Mumbai, Kandivali (East), 400101
Call: (912) 288-7474
Contact email: cs@arkade.in.
Website: http://www.arkade.in/
Arkade Developers IPO FAQs:
How do Arkade Developers become public?
Arkade Developers’ initial public offering (IPO) includes 32,031,250 ordinary shares of par value ₹10, for a total of ₹410.00 crore. The action price of the bid is between ₹ 121 and ₹ 128. 110 shares constitute the minimum order quantity. September 16, 2024 is the IPO start date and September 19, 2024 is the end date. The registrar of the IPO is Big Share Services Pvt Ltd. It is suggested that the shares are listed on BSE and NSE.
When will the IPO of Arcade Developers open?
Arkade Developers IPO will open on September 16, 2024, and close on September 19, 2024.
What is the pool size of Arkade Developers IPO?
Arkade Developers IPO lot size is 110 shares and ₹14,080 is the minimum amount necessary.
When is the allocation for Arkade Developers IPO?
Friday, September 20, 2024, the allocation base for Arkade Developers IPO will be finalized. Until Monday, September 23, 2024, the allocated shares will be credited to your dematerialized account. Check the allocation status for the Arkade Developers IPO.
What is the listing date of Arkade Developers?
There is currently no information on when Arkade Developers will be listed on the stock exchange. Tuesday, September 24, 2024, is the estimated date of the initial public offering (IPO) of Arkade Developers.