Arkade Developers IPO GMP Today, Arkade Developers IPO Grey Market Premium Updates | Arkade Developers IPO, Latest target, Opening gain
Arkade Developers IPO began on 16 September 2024. It will close on 19 September 2024. The Total IPO Size is ₹410.00 Crore Approx. The company set its IPO price is ₹121 to ₹128per share Per Share. There are three basic categories in Arkade Developers IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
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)
In the last two decades, the Company has completed 28 projects including 11 projects on a standalone basis including 2 projects executed through partnership firms in which the Company held a majority stake, 8 projects executed by the promoter through his proprietorship, M/s Arkade Creations, and 9 projects through joint development agreements with other third parties with a total built-up area of more than 4.5 million square meters awarded to more than 4,000 customers.
The company is involved in the development of new projects and the redevelopment of existing buildings. Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets in MMR, Maharashtra. As of June 30, 2024, the company has developed 2.20 million square feet of residential properties.
From CY 2003 to March 2024, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company held a majority stake) with a total built-up area of 1,000,000 square feet (approx.).
As of June 30, 2024, the company had 201 permanent employees and an additional 850 employees on a contract basis as of June 30, 2024.
Arkade Developers IPO Details:
| Issuer | Arkade Developers IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 16 September, 2024 | |
| Issue Closes: 19 September, 2024 | ||
| Price Brand | ₹121 to ₹128 per share | |
| Issue Size | ₹410.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 110 Shares | |
| Retail (Max) | ₹1,97,120 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 32,031,250 Shares | |
Arkade Developers IPO GMP Rates day by day
Arkade Developers IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹ 14,080 |
| Retail (Max) | 14 | 1540 | ₹ 1,97,120 |
| S-HNI (Min) | 15 | 1,650 | ₹ 2,11,200 |
| S-HNI (Max) | 71 | 7,810 | ₹ 9,99,680 |
| B-HNI (Min) | 72 | 7,920 | ₹ 1,013,760 |
Arkade Developers IPO Date, Allotment & Listing:
| Arkade Developers IPO Opening Date: | September 16, 2024 |
| Arkade Developers IPO Closing Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Initiation of Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| Listing Date: | September 24, 2024 |
Arkade Developers Limited Financial Information (Restated)
Arkade Developers Limited’s revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 575.01 | 555.41 | 369.97 | |||||||||||||||||||||||||||
| Revenue | 635.71 | 224.01 | 237.18 | |||||||||||||||||||||||||||
| Profit After Tax | 122.81 | 50.77 | 50.84 | |||||||||||||||||||||||||||
| Net Worth | 323.4 | 200.32 | 149.5 | |||||||||||||||||||||||||||
| Reserves and Surplus | 171.4 | 198.32 | 147.49 | |||||||||||||||||||||||||||
| Total Borrowing | 69.41 | 149 | 64.41 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.90% |
| ROCE | 47.34% |
| Debt/Equity | 0.21 |
| RoNW | 46.90% |
| P/BV | 6.02 |
| PAT Margin (%) | 19.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.99 | |
| P/E (x) | 16.01 |
Objects of the Issue (Arkade Developers IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding is part of the costs to be incurred in developing the 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 ALLOTMENT STATUS
How to Apply for Arkade Developers IPO?
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How to Apply Arkade Developers IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Arkade Developers”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Arkade Developers IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Arkade Developers”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Arkade Developers IPO?
Arkade Developers IPO is a main-board initial public offering of 32,031,250 Equity shares of the face value of ₹10 aggregating up to ₹410.00 Crores. The issue price of the IPO is ₹121 to ₹128 Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on September 16, 2024 and closes on September 19, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Arkade Developers IPO opens on September 16, 2024 and closes on September 19, 2024.
How to apply for Arkade Developers IPO?
You can apply in Arkade Developers IPO online using either UPI or ASBA as payment method . Unistone Capital Pvt Ltd is the book running lead manager of the Arkade Developers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
When Arkade Developers IPO allotment?
The finalization of Basis of Allotment for Arkade Developers IPO will be done on September 20, 2024, and the allotted shares will be credited to your demat account by September 23, 2024.
Check the Arkade Developers IPO allotment status.
When is Arkade Developers IPO listing date?
The Arkade Developers IPO listing date is not yet announced. The tentative date of Arkade Developers IPO listing is September 24, 2024.
What is the lot size of Arkade Developers IPO?
Arkade Developers lot size is 110 Shares and the minimum order quantity is 1 Share.