Arkade Developers IPO Date, Review, Price, Allotment Details

Arkade Developers IPO open date is September 16, 2024 and the IPO will close on September 19, 2024. Arkade Developers IPO is a Book Built Issue. The company to raise around ₹410 crores via IPO that comprises fresh issue of ₹410 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Arkade Developers IPO price band is ₹121 to ₹128 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Arkade Developers IPO to list on BSE and NSE on September 24, 2024. The allotment of Arkade Developers IPO date is September 20, 2024.

The company reported revenue of ₹635.71 crores in 2024 against ₹224.01 crore in 2023. The company reported profit of ₹122.81 crores in 2024 against profit of ₹50.77 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Arkade Developers IPO

Table of Contents


Arkade Developers IPO Details

IPO Open Date:September 16, 2024
IPO Close Date:September 19, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹121 to ₹128 Per Share
Issue Size:Approx ₹410 Crores
Fresh Issue:Approx ₹410 Crores
Offer for Sale:Approx [.] Equity Shares
Issue Type:Book Built Issue
IPO Listing:BSE & NSE
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Arkade Developers IPO IPO Market Lot

The Arkade Developers IPO minimum market lot is 110 shares with ₹14,080 application amount. The retail investors can apply up-to 14 lots with 1,540 shares or ₹197,120 amount.

ApplicationLot SizeSharesAmount
Retail Minimum1110₹14,080
Retail Maximum141,540₹197,120
S-HNI Minimum151,650₹211,200
B-HNI Minimum727,920₹10,13,760

Arkade Developers IPO Dates

The Arkade Developers IPO date is September 16 and the close date is September 19. The Arkade Developers IPO allotment will be finalized on September 20 and the IPO listing on September 24.

IPO Open Date:September 16, 2024
IPO Close Date:September 19, 2024
Basis of Allotment:September 20, 2024
Refunds:September 23, 2024
Credit to Demat Account:September 23, 2024
IPO Listing Date:September 24, 2024

Promoters of Arkade Developers IPO

The promoters of the company are Amit Mangilal Jain.

About Arkade Developers IPO

Arkade Developers Limited, which is among the top real estate firms in Mumbai, Maharashtra, started as a company that deals only with building projects. However, at present there are several gated community projects being developed under its name like Arcade Nest, Arcade Prime, Arcade Crown, Arcade Aspire, and Arcade Aura. The company has completed 27 projects totaling over four million sq ft of development amounting to more than 4,000 customers served so far. It is worth noting that Arkade developers are working on about five ongoing projects and two upcoming ones that will consume around 2 million square feet of space for them. Due to this successful business strategy based on strong brand recognition and customer focus it has gained massive popularity in the Maharashtra region.

Arkade Developers IPO Company Financial Report

The company reported revenue of ₹635.71 crores in 2024 against ₹224.01 crores in 2023. The company reported a profit of ₹122.81 crores in 2024 against a profit of ₹50.77 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹237.18₹178.89₹50.84₹369.97
2023₹224.01₹161.41₹50.77₹555.41
2024₹635.71₹471.56₹122.81₹575.01

Arkade Developers IPO Valuation – FY2024

Check Arkade Developers IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:46.90%
ROCE:47.34%
EBITDA Margin:26.68%
PAT Margin:19.35%
Debt to equity ratio:0.21
Earning Per Share (EPS):₹8.08 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):46.90%
Net Asset Value (NAV):₹21.28

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Keystone Realtors Limited9.8574.856.40157.812275.63 Cr.
Godrej Properties Limited26.09111.537.76359.404334.22 Cr.
Macrotech Developers Limited16.0378.4610.32180.8010469.50 Cr.
Suraj Estate Developers Limited19.3940.9222.97148.30415.70 Cr.

Objects of the Issue

  • Funding is a part of the costs to be incurred in the development of our ongoing projects (viz. Arkade Nest, Prachi CHSL, and C-Unit) (Funding Development Expenses); and
  • Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes,

Arkade Developers IPO Review

  • Canara Bank –
  • DRChoksey FinServ –
  • Emkay Global –
  • Hem Securities –
  • IDBI Capital –
  • Marwadi Shares –
  • Nirmal Bang –
  • SBICAP Securities –
  • Sharekhan –
  • SMC Global –
  • Sushil Finance –
  • Swastika Investmart –
  • Ventura Securities –
  • Geojit –
  • Reliance Securities –
  • Capital Market –
  • BP Wealth –
  • ICICIdirect –
  • Choice Broking –

Arkade Developers IPO Registrar

Bigshare Services Pvt. 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

IPO Lead Managers aka Merchant Bankers

  • Unistone Capital Private Limited

Company Address

Arkade Developers IPO 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

What is Arkade Developers IPO?

Arkade Developers IPO is a main-board IPO. The company is going to raise ₹410 Crores via IPO. The issue is priced at ₹121 to ₹128 pr equity share. The IPO is to be listed on BSE & NSE.

When Arkade Developers IPO will open for subscription?

The IPO is to open on September 16, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 19, 2024.

What is Arkade Developers IPO Investors Portion?

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

How to Apply the Arkade Developers IPO?

You can apply for Arkade Developers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Arkade Developers IPO Issue Size?

Arkade Developers IPO issue size is ₹410 crores.

What is Arkade Developers IPO Price Band?

Arkade Developers IPO Price Band is ₹121 to ₹128.

What is Arkade Developers IPO Lot Size?

The minimum bid is 110 Shares with ₹14,080 amount.

What is the Arkade Developers IPO Allotment Date?

Arkade Developers IPO allotment date is September 20, 2024.

What is the Arkade Developers IPO Listing Date?

Arkade Developers IPO listing date is September 24, 2024. The IPO is to list on BSE and NSE.

Note: The Arkade Developers IPO price band and date are officially announced. The (Arkade Developers IPO grey market premium) will be added to the IPO GMP page as it will start).
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