Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Arkade Developers IPO is a book built issue of Rs 410.00 crores. The issue is entirely a fresh issue.
Arkade Developers IPO opens for subscription on September 16, 2024 and closes on September 19, 2024. The allotment for the Arkade Developers IPO is expected to be finalized on Friday, September 20, 2024. Arkade Developers IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, September 24, 2024.
Arkade Developers IPO price bands are yet to be announced.
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.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 153,626,016 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
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 |
Mr. Amit Mangilal Jain is the company promoter.
| Share Holding Pre Issue | 85.58% |
| Share Holding Post Issue |
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:
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.
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 575.01 | 555.41 | 369.97 | |||||||||||||||||||||||||||
| Revenue | 635.71 | 224.01 | 237.18 | |||||||||||||||||||||||||||
| Profit After Tax | 122.81 | 50.77 | 50.84 | |||||||||||||||||||||||||||
| Net Worth | 323.4 | 200.32 | 149.5 | |||||||||||||||||||||||||||
| Reserves and Surplus | 171.4 | 198.32 | 147.49 | |||||||||||||||||||||||||||
| Total Borrowing | 69.41 | 149 | 64.41 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.90% |
| ROCE | 47.34% |
| Debt/Equity | 0.21 |
| RoNW | 46.90% |
| PAT Margin (%) | 19.35 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Arkade Developers IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹410.00 Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
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
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 and the minimum order quantity is not available at this time. Please check again later.
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.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
