Afcons Infrastructure IPO is opening for subscription on October 25, 2024, and closing on October 29,…
Arkade Developers IPO Date, Review, Price, Allotment Details
Arkade Developers IPO is opening for subscription on September 16, 2024, and closing on September 19, 2024. This Main-board IPO aims to raise ₹410 crore, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Arkade Developers IPO is fixed at ₹121 – ₹128 Per Share, with a market lot of 110 Shares.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Arkade Developers IPO Allotment will done on September 20, 2024, and Arkade Developers IPO listing date is September 24, 2024.
Arkade Developers Company Profile
Arkade Developers Limited was incorporated in May 1986 and specializes in real estate development, with a focus on creating high-end, sophisticated residential projects in Mumbai, Maharashtra, India’s commercial hub. The company’s operations fall into two main categories:
- Development and construction of residential buildings on land owned by the company (new projects).
- Refurbishment of existing buildings (renovation projects).
Since 2017, Arkade Developers has launched 1,220 residential units and sold 1,045 units across various markets in the Mumbai Metropolitan Region (MMR). The company is strategically located in Mumbai, one of India’s most expensive and dynamic real estate markets. Between 2021 and Q1 2024, the MMR region consistently achieved the highest annual sales share of residential units among India’s top seven cities, accounting for 29% to 33% of total sales.
Strengths of Arkade Developers IPO:
- Projects are strategically located in key micro-markets of MMR, Maharashtra.
- Recognized as a leading developer and ranked among the top 10 in supply in specific micro-markets of MMR.
- Experienced promoters with a technically proficient management team.
- Strong internal resources that support business operations.
[ninja_tables id=”1710″ filter=”Arkade Developers” filter_column=”Company Name”]
Arkade Developers IPO Objectives
The funds raised through the IPO will be utilized for:
- Augmenting additional working capital requirements
- General Corporate Purposes
Arkade Developers IPO Key Details
- Arkade Developers IPO Open Date: September 16, 2024
- Arkade Developers IPO Close Date: September 19, 2024
- Arkade Developers IPO Size: Approximately ₹410 crores, Equity Shares
- Face Value: ₹10 Per Equity Share
- Arkade Developers IPO Price Band: ₹121 – ₹128 Per Equity Share
- Arkade Developers IPO Listing on: NSE & BSE
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Arkade Developers IPO Timeline
- Arkade Developers IPO Open Date: September 16, 2024
- Arkade Developers IPO Close Date: September 19, 2024
- Basis of Allotment: September 20, 2024
- Refunds: September 23, 2024
- Credit to Demat Account: September 23, 2024
- Arkade Developers IPO Listing Date: September 24, 2024
How to Apply for Arkade Developers IPO
Investors can apply for the Arkade Developers IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Arkade Developers Financial Performance (in Crores)
- Year 2022: Revenue ₹237.18, Expense ₹178.89, Profit After Tax ₹50.84, Assets ₹369.97
- Year 2023: Revenue ₹224.01, Expense ₹161.41, Profit After Tax ₹50.77, Assets ₹555.41
- Year 2024: Revenue ₹635.71, Expense ₹471.56, Profit After Tax ₹122.81, Assets ₹575.01
Arkade Developers Valuation FY2023
- Return on Equity (ROE): 46.90%
- Return on Capital Employed (ROCE): 47.34%
- EBITDA Margin: 26.68%
- Profit After Tax (PAT) Margin: 19.35%
- Debt to Equity Ratio: 0.21
- Earnings Per Share (EPS): ₹8.08 (Basic)
- Price/Earnings (P/E) Ratio: N/A
- Return on Net Worth (RoNW): 46.90%
- Net Asset Value (NAV): ₹21.28
Arkade Developers Peer Group
- Keystone Realtors Limited: EPS – ₹9.85, PE Ratio – 74.85, RoNW – 6.40%, NAV – ₹157.81
- Godrej Properties Limited: EPS – ₹26.09, PE Ratio – 111.53, RoNW – 7.76%, NAV – ₹359.40
- Macrotech Developers Limited: EPS – ₹16.03, PE Ratio – 78.46, RoNW – 10.32%, NAV – ₹180.80
- Suraj Estate Developers Limited: EPS – ₹19.39, PE Ratio – 40.92, RoNW – 22.97%, NAV – ₹148.30
Arkade Developers Company Promoters
- Amit Mangilal Jain
Arkade Developers IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Arkade Developers IPO Allotment Status Check
- Check the Arkade Developers IPO allotment status on the Bigshare Serviceswebsite.
Arkade Developers IPO Allotment Link
- Check the Arkade Developers IPO allotment on the Check ipo Allotment website.
Arkade Developers IPO Lead Managers (Merchant Bankers)
- Unistone Capital Private Limited
Arkade Developers Company Address
Arkade House, Opp. Bhoomi Arkade,
Near Children’s Academy, A S Marg,
Ashok Nagar, Kandivali (East)
Mumbai,Maharashtra-400101 India
Website: http://www.arkade.in/
Phone: +91 22 2887474
Email: cs@arkade.in
Arkade Developers IPO FAQs
What is Arkade Developers IPO?
Arkade Developers IPO is a Main-board IPO. They are going to raise ₹410 crores via IPO. The issue is priced at ₹121 – ₹128 Per equity share. The IPO is to be listed on NSE & BSE.
When will the Arkade Developers IPO open?
The IPO is to open on September 16, 2024, for NII, and Retail Investors.
What is Arkade Developers IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Arkade Developers IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Arkade Developers IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Arkade Developers IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Arkade Developers IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Arkade Developers IPO Size?
Arkade Developers IPO size is ₹410 crores.
What is Arkade Developers IPO Price Band?
Arkade Developers IPO Price Band is ₹121 – ₹128 Per equity share.
What is Arkade Developers IPO Minimum and Maximum Lot Size?
The IPO bid is 110 Shares with ₹14,080.
What is Arkade Developers IPO Allotment Date?
Arkade Developers IPO allotment date is September 20, 2024.
What is Arkade Developers IPO Listing Date?
Arkade Developers IPO listing date is September 24, 2024. The IPO to list on NSE & BSE.
Related Articles
The opinions and investment advice provided by experts on ipogmp.org are solely their own and do not reflect the views of the website or its management. Ipogmp.org recommends that users consult with certified professionals before making any investment decisions. *Please note that advisory services mentioned on Ipogmp.org are not currently operational and are proposed services awaiting SEBI registration.Related Posts
This Post Has 0 Comments