Arkade Developers IPO
IPO Listing Details
- Listing Date
24 Sep 2024
- Listing Price
₹175.90
- Listing Change
37.42%
- Last Traded Price
₹168.33
IPO Details
- Open Date
16 Sep 2024
- Close Date
19 Sep 2024
- IPO
Price Range
₹ 121 to ₹ 128
- IPO
Size
₹ 410.00 Cr
- Listing Exchange
BSE, NSE
- Listing Date
24 Sep 2024
IPO Timeline
Arkade Developers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 16-Sep-24 | 0.25 | 8.38 | 8.62 | 6.24 |
| 17-Sep-24 | 0.47 | 29.96 | 21.32 | 17.36 |
| 18-Sep-24 | 0.65 | 62.38 | 35.62 | 31.61 |
| 19-Sep-24 | 172.60 | 172.08 | 53.39 | 113.26 |
Last Updated: 20 September 2024 12:05 PM by 5Paisa
Arkade Developer's IPO is set to open on 16 September 2024 and will close on 19 September 2024. Arkade Developers Limited is a real estate company that specializes in creating upscale, high quality residential properties in Mumbai, Maharashtra.
The IPO includes a fresh issue of ₹3.2 Cr shares aggregating ₹410 Cr and does not include an offer for sale. The price range is set between ₹121 to ₹128 per share and the lot size is 110 shares.
The allotment is scheduled to be finalized on 20 September 2024. It will go public on BSE & NSE, with a tentative listing date of 24 September 2024.
Unistone Capital Pvt Ltd is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.
Arkade Developers IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹410 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹410 Cr |
Arkade Developers IPO Lot Size
| 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 |
Arkade Developers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 172.60 | 63,75,000 | 1,10,03,00,410 | 14,083.85 |
| NII (HNI) | 172.08 | 47,81,250 | 82,27,44,120 | 10,531.12 |
| Retail | 53.39 | 1,11,56,250 | 59,56,07,540 | 7,623.78 |
| Total | 113.26 | 2,23,12,500 | 2,52,71,89,830 | 32,348.03 |
Arkade Developers IPO Anchor Allocation
| Anchor Bid Date | 13 September, 2024 |
| Shares Offered | 9,562,500 |
| Anchor portion Size (In ₹ Cr.) | 122.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | 20 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 19 December, 2024 |
1. Funding for ongoing project costs
2. Funding for acquiring new land for future projects and general corporate needs.
Arkade Developers Limited is a real estate company based in Mumbai, Maharashtra, specializing in high end residential projects. Their business includes two main activities:
1. Building New Residential Projects: They develop new residential buildings on land they acquire.
2. Redeveloping Existing Buildings: They renovate and redevelop old buildings.
Since 2017, Arkade has launched 1,220 residential units and sold 1,045 of them. By mid 2024, they have developed 2.20 million square feet of residential space. They’ve also redeveloped 11 projects in Mumbai, covering about 1 million square feet.
Over the past 20 years, Arkade has completed 28 projects. This includes 11 projects on their own, 8 through their previous firm Arkade Creations and 9 in partnership with others totaling more than 4.5 million square meters of built up area for over 4,000 customers. As of 30 June 2024, they employ 201 permanent staff and 850 contract workers.
Peers
Keystone Realtors Limited
Godrej Properties Ltd
Macrotech Developers Limited
Suraj Estate Developers Limited
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 635.71 | 224.01 | 237.18 |
| EBITDA | 169.38 | 68.32 | 69.97 |
| PAT | 122.81 | 50.77 | 50.84 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 575.01 | 555.41 | 369.97 |
| Share Capital | 152 | 2 | 2 |
| Total Borrowings | 69.41 | 149 | 64.41 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 101.49 | -98.70 | -123.18 |
| Net Cash Generated From / (used in) investing activities | -12.19 | 29.10 | 76.01 |
| Net Cash Generated From / (used in) financing activities | -82.86 | 83.30 | 46.39 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 6.68 | 14 | -2.42 |
Strengths
1. Arkade Developers focuses on strategic locations within the micro markets of Mumbai Metropolitan Region (MMR), Maharashtra. Their projects are situated in desirable areas, making them a prominent developer in these key regions.
2. The company ranks among the top 10 developers in terms of project supply in selected micro markets of MMR. They benefit from an experienced promoter and a technically skilled management team, which enhances their development capabilities.
4. Arkade Developers is known for the timely completion of their projects. They have strong internal resources that support their ability to deliver projects on schedule.
Risks
1. The real estate market is highly sensitive to economic conditions. Changes in market demand, economic downturns, or fluctuations in property prices could impact the company's sales and profitability.
2. Navigating complex and evolving regulatory requirements can pose a risk. Delays or complications related to obtaining approvals, compliance with building codes, or changes in real estate regulations might affect project timelines and costs.
3. Delays or issues in construction, unforeseen technical problems or challenges with project management could impact the timely completion of projects. This may lead to increased costs and dissatisfaction among customers.
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FAQs
Arkade Developers IPO opens from 16 September to 19 September 2024.
The size of Arkade Developer's IPO is ₹410.00 crores.
The price of Arkade Developers IPO is fixed at ₹121 to ₹128 per share.
To apply for Arkade Developers IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Arkade Developers IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Arkade Developers IPO is 110 shares and the minimum investment required is ₹₹13,310.
The share allotment date of Arkade Developers IPO is 20 September 2024
The Arkade Developers IPO will be listed on 24 September 2024.
Unistone Capital Pvt Ltd is the book-running lead manager for Arkade Developers IPO.
Arkade Developers plans to utilize the raised capital from the IPO for:
1. Funding for ongoing project costs
2. Funding for acquiring new land for future projects and general corporate needs.
Contact Information
Arkade Developers
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Arkade Developers IPO Lead Manager
Unistone Capital Pvt Ltd
