September 16, 2024 - September 19, 2024

Arkade Developers IPO Review & Recommendations

Anand Rathi, BP Equities (BP Wealth), Choice Equity Broking Pvt Ltd, Dilip Davda, Hem Securities, Indsec Securities, KR Choksey Securities Ltd, Marwadi Shares and Finance Ltd, SBICAP Securities Limited and Ventura Securities Limited have given "Apply" recommendation to Arkade Developers IPO. Canara Bank Securities Ltd has given "May Apply" recommendation to Arkade Developers IPO. Capital Market has "Neutral" view about the IPO.

Arkade Developers IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	10	1	1	0	0
%	83.33	8.33	8.33	0.00	0.00

Arkade Developers IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	May Apply
Capital Market	Neutral
Choice Equity Broking Pvt Ltd	Apply
Dilip Davda	Apply
Hem Securities	Apply
Indsec Securities	Apply
KR Choksey Securities Ltd	Apply
Marwadi Shares and Finance Ltd	Apply
SBICAP Securities Limited	Apply
Ventura Securities Limited	Apply

Arkade Developers IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Arkade Developers IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	44	Avoid, however active risk seekers can try

Arkade Developers IPO Review by Dilip Davda (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 Peer Comparison

Arkade Developers Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
Arkade Developers Limited	8.08	8.08	21.28		46.9	Consolidated
Keystone Realtors Limited	9.85	9.82	157.81	74.85	6.4	Consolidated
Godrej Properties Ltd	26.09	26.08	359.4	111.53	7.76	Consolidated
Macrotech Developers Limited	16.03	15.99	180.8	78.46	10.32	Consolidated
Suraj Estate Developers Limited	19.39	19.39	148.3	40.92	22.97	Consolidated

Notes:

All the financial information for the Company mentioned above is based on the Restated Consolidated Financial Statements for the year ended March 31, 2024.
All the financial information for the listed industry peers mentioned above is on a consolidated basis and is sourced from the audited consolidated financial statements of the respective companies for the financial year ended March 31, 2024, available on the website of BSE Limited at www.bseindia.com.
NAV is computed as the closing net worth (sum of equity share capital and other equity) divided by the weighted average outstanding number of equity shares as on March 31, 2024.
The P/E Ratio has been computed based on the closing market price of equity shares on August 30, 2024, on www.bseindia.com, divided by the Diluted EPS as on March 31, 2023.
RoNW is computed as net profit after tax and minority interest divided by average net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus. In case the net worth is negative for a particular year, the same has not been considered.

Arkade Developers IPO Review by Members

Arkade Developers IPO Reviews, analysis and views by popular members. Read Arkade Developers Limited IPO reviews by retail investors to find recommended ipo to buy.

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Arkade Developers IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	1
%	50.00	0.00	0.00	50.00

Member	Review
DarshanRocks	Avoid Too much borrowings September 19, 2024 12:10:50 PM
Ravi Barot	Apply for Listing Gain at Cut-off Price I recommend the Arkade Developers IPO as a potential investment opportunity, particularly because of its strong revenue growth. Over recent years, Arkade Developers has shown a consistent increase in revenue, which reflects the company's ability to expand and thrive in the competitive real estate sector. This upward trend in financial performance suggests that the company has been effectively managing its projects and capitalizing on the demand in the residential and commercial property mark 1 September 13, 2024 12:38:42 AM

Member

Review

DarshanRocks

Avoid

Too much borrowings

September 19, 2024 12:10:50 PM

Ravi Barot

Apply for Listing Gain at Cut-off Price

I recommend the **Arkade Developers IPO** as a potential investment opportunity, particularly because of its strong revenue growth. Over recent years, Arkade Developers has shown a consistent increase in revenue, which reflects the company's ability to expand and thrive in the competitive real estate sector. This upward trend in financial performance suggests that the company has been effectively managing its projects and capitalizing on the demand in the residential and commercial property mark

September 13, 2024 12:38:42 AM

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