
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
Max. Investment
₹14,080
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
Shareholding
Arkade Developers Limited IPO Financials Health
Arkade Developers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹14,080 |
| Retail Maximum | 14 | 1540 | ₹1,97,120 |
| SHNI Minimum | 15 | 1650 | ₹2,11,200 |
| SHNI Maximum | 71 | 7810 | ₹9,99,680 |
| BHNI Minimum | 72 | 7920 | ₹10,13,760 |
(All values in CR)
Arkade Developers Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 0.21 |
| PAT Margin (%) | 19.35 |
| ROCE | 47.34% |
| ROE | 46.90% |
| RoNW | 46.90% |
(All values in CR)
Strength & Risk of Arkade Developers Limited IPO
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.
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 Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 95,62,500 | 95,62,500 | 122.4 |
| BHNI (10L+) | 169.95 | 31,87,500 | 54,17,11,170 | 6 |
| Employees | 52.64 | 1,62,601 | 85,59,430 | 109.56 |
| HNI | 172.13 | 47,81,250 | 82,30,04,600 | 10 |
| QIB | 172.60 | 63,75,000 | 1,10,03,00,410 | 14 |
| Retail | 53.49 | 1,11,56,250 | 59,67,64,850 | 7 |
| SHNI (2L - 10L) | 176.50 | 15,93,750 | 28,12,93,430 | 3 |
| Total | 112.51 | 2,24,75,101 | 2,52,86,29,290 | 32 |
Arkade Developers Limited IPO GMP
Last updated 12 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 12 Sep, 2024 | 128 | ₹48▼ | 4000/60000 | ₹176 (37.50%) | - | 12 Sep, 2024 |
| 13 Sep, 2024 | 128 | ₹63 | 5300/79500 | ₹191 (49.22%) | - | 13 Sep, 2024 |
| 14 Sep, 2024 | 128 | ₹63▼ | 5300/79500 | ₹191 (49.22%) | - | 14 Sep, 2024 |
| 15 Sep, 2024 | 128 | ₹70▼ | 5900/88500 | ₹198 (54.69%) | - | 15 Sep, 2024 |
| 16 Sep, 2024 | 128 | ₹80▼ | 6700/100500 | ₹208 (62.50%) | - | 16 Sep, 2024 |
| 17 Sep, 2024 | 128 | ₹86 | 7200/108000 | ₹214 (67.19%) | - | 17 Sep, 2024 |
| 18 Sep, 2024 | 128 | ₹86▲ | 7200/108000 | ₹214 (67.19%) | - | 18 Sep, 2024 |
| 19 Sep, 2024 | 128 | ₹85▲ | 7100/106500 | ₹213 (66.41%) | - | 19 Sep, 2024 |
| 20 Sep, 2024 | 128 | ₹60▼ | 5000/75000 | ₹188 (46.88%) | - | 20 Sep, 2024 |
| 21 Sep, 2024 | 128 | ₹63 | 5300/79500 | ₹191 (49.22%) | - | 21 Sep, 2024 |
| 23 Sep, 2024 | 128 | ₹63 | 5300/79500 | ₹191 (49.22%) | - | 23 Sep, 2024 |
| 24 Sep, 2024 | 128 | ₹63 | 5300/79500 | ₹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
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Find Arkade Developers Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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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.