Arkade Developers IPO GMP, Price, Date, Allotment

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Last updated on September 25, 2024

Arkade Developers IPO GMP

Arkade Developers IPO Description – Arkade Developers is a rapidly expanding real estate development firm with a notable presence in Mumbai, Maharashtra. The company focuses on developing new projects and redeveloping existing properties. Between 2017 and Q1 2024, it launched 1,220 residential units and sold 1,045 residential units across various markets in the Mumbai Metropolitan Region (MMR), Maharashtra.

As of 30 June 2024, Arkade Developers had developed 2.20 million square feet of residential property, including projects in partnership entities where it holds the majority stake. Additionally, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai, with a combined constructed area of 648,000 square feet.

The company’s current portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown, Arkade Aspire, Arkade Prime, and Arkade Aura. Arkade Developers has completed 28 projects, including stand-alone projects executed by its promoter through their proprietorship, and joint development arrangements with other third parties. These projects aggregate more than 4.5 million square feet of development and have catered to approximately 4,000 customers.

Arkade Developers is developing approximately 3.7 million square feet across 6 ongoing projects. As of 30 June 2024, the company had 201 permanent employees.

Arkade Developers IPO Subscription

Promoters of Arkade Developers – Amit Mangilal Jain


Arkade Developers IPO Details

Arkade Developers IPO Dates16 – 19 September 2024
Arkade Developers Issue PriceINR 121 – 128 per share
Employee Discount – INR 5 per share
Fresh issueINR 410 crore
Offer For SaleNIL
Total IPO sizeINR 410 crore
Minimum bid (lot size)110 shares (INR 14,080)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Arkade Developers’ Financial Performance

 FY 2022FY 2023FY 2024
Revenue228.93220.15634.74
Expenses178.89161.41471.56
Net income50.8450.66122.84
Margin (%)22.2123.0119.35
Figures in INR Crores unless specified otherwise

Arkade Developers Offer News


Arkade Developers Valuations & Margins

FY 2022FY 2023FY 2024 (Pre Issue)FY 2024 (Post Issue)
EPS3.323.348.086.62
PE Ratio––14.98 – 15.8418.28 – 19.34
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2022FY 2023FY 2024
RONW (%)40.9029.0246.90
NAV9.8413.1821.28
ROCE (%)46.1724.3047.34
EBITDA (%)30.5631.0426.68
Debt/Equity0.430.740.21
*Compiled by IPO Central from Prospectus

Arkade Developers IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
23 Sept 202465–4,000
21 Sept 202470–4,000
20 Sept 202475–4,000
19 Sept 202480–6,500
18 Sept 202480–6,500
17 Sept 202475–6,000
16 Sept 202465–5,400
14 Sep 202460–5,000
13 Sep 202460–5,000
12 Sep 202440–3,500

Arkade Developers Offer Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  • Funding a part of the costs to be incurred in the development of its ongoing projects (viz. Arkade Nest), and its upcoming projects (Funding Development Expenses) – INR 250 crore
  • Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes

Arkade Developers IPO Subscription – Live Updates

CategoryQIBNIIRetailEmployeeTotal
Shares Offered67,43,80050,57,8521,18,01,6541,72,4132,37,75,719
19 Sep 2024163.16163.0251.3950.49106.83
18 Sep 20240.6158.7133.1731.4129.36
17 Sep 20240.4428.2620.0019.2516.21
16 Sep 20240.247.908.067.635.80

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.


Arkade Developers – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Arkade Developers19.348.0846.9021.28635.71
Keystone Realtors74.859.826.40157.812,275.63
Godrej Properties111.5326.086.92359.404,334.22
Macrotech Developers78.4615.9910.32180.8010,469.50
Suraj Estate Developers40.9219.3922.97148.30415.70

Arkade Developers IPO Allotment Status

Arkade Developers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Arkade Developers IPO Dates & Listing Performance

IPO Opening Date16 September 2024
IPO Closing Date19 September 2024
Finalization of Basis of Allotment20 September 2024
Initiation of refunds23 September 2024
Transfer of shares to demat accounts23 September 2024
Arkade Developers IPO Listing Date24 September 2024
Opening Price on NSEINR 175 per share (up 36.72%)
Closing Price on NSEINR 165.86 per share (up 29.58%)

Arkade Developers IPO Reviews – Subscribe or Avoid?

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SMC Global – 2/5
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Arkade Developers IPO Lead Manager

UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533
Email: [email protected]
Website: www.unistonecapital.com


Arkade Developers Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com


Arkade Developers Contact Details

ARKADE DEVELOPERS LIMITED
Arkade House, Opp. Bhoomi Arkade,
Near Children’s Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai – 400101, Maharashtra
Phone: +91 (22) 28874742
Email: [email protected]
Website: www.arkade.in


Arkade Developers IPO FAQs

How many shares in Arkade Developers IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Arkade Developers’ Public Offer?

The best way to apply for Arkade Developers’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Arkade Developers IPO GMP today?

Arkade Developers IPO GMP today is INR 65 per share.

What is Arkade Developers’ kostak rate today?

Arkade Developers kostak rate today is INR NA per application.

What is Arkade Developers Subject to Sauda rate today?

Arkade Developers Subject to Sauda rate today is INR 4,000 per application.

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