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.
Promoters of Arkade Developers – Amit Mangilal Jain
Table of Contents
Arkade Developers IPO Details
| Arkade Developers IPO Dates | 16 – 19 September 2024 |
| Arkade Developers Issue Price | INR 121 – 128 per share Employee Discount – INR 5 per share |
| Fresh issue | INR 410 crore |
| Offer For Sale | NIL |
| Total IPO size | INR 410 crore |
| Minimum bid (lot size) | 110 shares (INR 14,080) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Arkade Developers’ Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 228.93 | 220.15 | 634.74 |
| Expenses | 178.89 | 161.41 | 471.56 |
| Net income | 50.84 | 50.66 | 122.84 |
| Margin (%) | 22.21 | 23.01 | 19.35 |
Arkade Developers Offer News
- Arkade Developers IPO Listing
- Arkade Developers RHP
- Arkade Developers DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Arkade Developers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post Issue) | |
| EPS | 3.32 | 3.34 | 8.08 | 6.62 |
| PE Ratio | – | – | 14.98 – 15.84 | 18.28 – 19.34 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 40.90 | 29.02 | 46.90 |
| NAV | 9.84 | 13.18 | 21.28 |
| ROCE (%) | 46.17 | 24.30 | 47.34 |
| EBITDA (%) | 30.56 | 31.04 | 26.68 |
| Debt/Equity | 0.43 | 0.74 | 0.21 |
Arkade Developers IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 23 Sept 2024 | 65 | – | 4,000 |
| 21 Sept 2024 | 70 | – | 4,000 |
| 20 Sept 2024 | 75 | – | 4,000 |
| 19 Sept 2024 | 80 | – | 6,500 |
| 18 Sept 2024 | 80 | – | 6,500 |
| 17 Sept 2024 | 75 | – | 6,000 |
| 16 Sept 2024 | 65 | – | 5,400 |
| 14 Sep 2024 | 60 | – | 5,000 |
| 13 Sep 2024 | 60 | – | 5,000 |
| 12 Sep 2024 | 40 | – | 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
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 67,43,800 | 50,57,852 | 1,18,01,654 | 1,72,413 | 2,37,75,719 |
| 19 Sep 2024 | 163.16 | 163.02 | 51.39 | 50.49 | 106.83 |
| 18 Sep 2024 | 0.61 | 58.71 | 33.17 | 31.41 | 29.36 |
| 17 Sep 2024 | 0.44 | 28.26 | 20.00 | 19.25 | 16.21 |
| 16 Sep 2024 | 0.24 | 7.90 | 8.06 | 7.63 | 5.80 |
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
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Arkade Developers | 19.34 | 8.08 | 46.90 | 21.28 | 635.71 |
| Keystone Realtors | 74.85 | 9.82 | 6.40 | 157.81 | 2,275.63 |
| Godrej Properties | 111.53 | 26.08 | 6.92 | 359.40 | 4,334.22 |
| Macrotech Developers | 78.46 | 15.99 | 10.32 | 180.80 | 10,469.50 |
| Suraj Estate Developers | 40.92 | 19.39 | 22.97 | 148.30 | 415.70 |
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 Date | 16 September 2024 |
| IPO Closing Date | 19 September 2024 |
| Finalization of Basis of Allotment | 20 September 2024 |
| Initiation of refunds | 23 September 2024 |
| Transfer of shares to demat accounts | 23 September 2024 |
| Arkade Developers IPO Listing Date | 24 September 2024 |
| Opening Price on NSE | INR 175 per share (up 36.72%) |
| Closing Price on NSE | INR 165.86 per share (up 29.58%) |
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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:Â [email protected]
Website:Â 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â 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:Â +91 (22) 28874742
Email:Â [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.
