MAINBOARD · NSE + BSESubscribed: 112.51×GMP ₹63
Arkade Developers Limited

Arkade Developers Limited

Arkade Developers Limited(ARKADE)

Total Shares

3,20,37,601

Issue Size

₹410.00 Cr

Price Band

121 – ₹128

Lot Size

110 shares

Min. Investment

14,080

Max. Investment

14,080

Open Date

16 Sep, 2024

Close Date

19 Sep, 2024

Allotment

20 Sep, 2024

Listing

24 Sep, 2024

Announced

16 Sep, 2024

Opening Date

16 Sep, 2024

Closing Date

19 Sep, 2024

Basis of Allotment

20 Sep, 2024

Initiation of Refunds

23 Sep, 2024

Credit of Shares

23 Sep, 2024

Listing Date

24 Sep, 2024

Live GMP

Est. Listing: ₹176

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About Arkade Developers Limited IPO

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:

  • Development/construction of residential buildings on land acquired by the company (new projects); and
  • Redevelopment of existing buildings (Redevelopment Projects)

The company is involved in the development of new projects and the red

Arkade Developers Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue3,20,37,601 shares₹410.00 Cr
Fresh Issue3,20,37,601 shares₹410.00 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue15,36,26,016
Post-Issue0

Arkade Developers Limited IPO Financials Health

Arkade Developers Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum111014,080
Retail Maximum1415401,97,120
SHNI Minimum1516502,11,200
SHNI Maximum7178109,99,680
BHNI Minimum72792010,13,760

(All values in CR)

Arkade Developers Limited IPO Valuation

MetricValue
Debt/Equity0.21
PAT Margin (%)19.35
ROCE47.34%
ROE46.90%
RoNW46.90%

(All values in CR)

Strength & Risk of Arkade Developers Limited IPO

+Strengths

1. Strategic location of projects in micro markets of MMR, Maharashtra with entry barriers.

2. We are a leading player in select micro markets of, and an established developer in, the MMR, Maharashtra.

3. Experienced Promoter and strong and technically proficient management team.

4. Strong in-house resources.

5. Timely completion of projects.

!Risks

1. The company may not be able to successfully identify redevelopment projects or identify and acquire suitable land for its proposed new projects which may have an adverse impact on the business and the growth of the Company.

2. Inability to complete the company projects by their expected completion dates or at all could have an adverse effect its business, results of operations and financial conditions.

3. The company is subject to penalty clauses under the agreements entered into with its customers for any delay in the completion of the company projects.

4. The company does not enter into long term agreements for supply of labour and key materials for construction of its projects. Any significant increase in the prices, or shortage of, or delay or disruption in supply of labour or key materials for the company construction may result in time or cost overruns and may impact of the business prospects.

5. The company relies on third party contractors whom its do not control to construct of the projects. Any delay or failure on the part of such contractors to adhere to their obligations could adversely affect the company financial condition and its business.

6. The company propose to deploy a part of the Net Proceeds towards acquisition of unidentified land and general corporate purposes. Its cannot assure you that the land that the company acquires will be viable or that the project developed on such land will be profitable. Further, if the company is unable to identify and, or, acquires suitable land required to develop new projects the company it could have an adverse impact on its financial condition, business and growth prospects.

7. The company revenue from operation is significantly dependent on its ability to sell the company units in a timely manner. If its are not able to sell of the project inventories in a timely manner, then it may adversely affect the company business, results of operations and financial condition.

8. The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.

9. The COVID-19 pandemic adversely affects its business, financial condition, results of operations, cash flows, liquidity and performance, and it may reduce the demand for its projects in future.

10. Its entire business is concentrated within the MMR region. Any event or circumstance that adversely affects the real estate market in the MMR region will have an adverse effect on its business, results of operation and the company financial condition.

Arkade Developers Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0095,62,50095,62,500122.4
BHNI (10L+)169.9531,87,50054,17,11,1706
Employees52.641,62,60185,59,430109.56
HNI172.1347,81,25082,30,04,60010
QIB172.6063,75,0001,10,03,00,41014
Retail53.491,11,56,25059,67,64,8507
SHNI (2L - 10L)176.5015,93,75028,12,93,4303
Total112.512,24,75,1012,52,86,29,29032

Arkade Developers Limited IPO GMP

+48+37.5%

Last updated 12 Sep, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
12 Sep, 2024128₹484000/60000₹176 (37.50%)-12 Sep, 2024
13 Sep, 2024128₹635300/79500₹191 (49.22%)-13 Sep, 2024
14 Sep, 2024128₹635300/79500₹191 (49.22%)-14 Sep, 2024
15 Sep, 2024128₹705900/88500₹198 (54.69%)-15 Sep, 2024
16 Sep, 2024128₹806700/100500₹208 (62.50%)-16 Sep, 2024
17 Sep, 2024128₹867200/108000₹214 (67.19%)-17 Sep, 2024
18 Sep, 2024128₹867200/108000₹214 (67.19%)-18 Sep, 2024
19 Sep, 2024128₹857100/106500₹213 (66.41%)-19 Sep, 2024
20 Sep, 2024128₹605000/75000₹188 (46.88%)-20 Sep, 2024
21 Sep, 2024128₹635300/79500₹191 (49.22%)-21 Sep, 2024
23 Sep, 2024128₹635300/79500₹191 (49.22%)-23 Sep, 2024
24 Sep, 2024128₹635300/79500₹191 (49.22%)-24 Sep, 2024

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Arkade Developers Limited IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Arkade Developers Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

FAQs About Arkade Developers Limited Ipo

Arkade Developers Limited IPO will open on 16 Sep, 2024 and close on 19 Sep, 2024. Investors must apply within this period to participate.

The Arkade Developers Limited IPO price band is set between ₹121.00 and ₹128.00 per share. The minimum lot size is 110, requiring an investment of at least ₹14080.00.

The Arkade Developers Limited IPO shares are expected to be listed on 24 Sep, 2024, subject to regulatory approvals and final allotment.

You can track your Arkade Developers Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Arkade Developers Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.