The Arkade Developers Limited IPO is generating considerable buzz in the market, having opened for bidding from September 16 to September 19, 2024. This book-built issue aims to raise ₹410 crores by offering 3.2 crore fresh shares at a price band of ₹121 to ₹128 per share. With a listing date anticipated for September 24, 2024, investors are keenly awaiting the allotment results, which were finalized on September 20, 2024.
Arkade Developer IPO 2024
As part of its growth strategy, Arkade Developers focuses on high-end residential developments in Mumbai. The IPO’s strong subscription numbers—over 113 times overall reflect investor confidence, particularly in the company’s financial performance, which has shown significant improvement in the last fiscal year. This momentum, coupled with a robust grey market premium, positions the IPO as a potentially attractive investment opportunity.
Arkade Developers IPO Key Details
| IPO Information | Details |
| IPO Opening Date | September 16, 2024 |
| IPO Closing Date | September 19, 2024 |
| Allotment Finalization Date | September 20, 2024 |
Arkade Developers IPO Financials
| Financial Highlights | Amount (₹ Crores) |
| Total Issue Size | 410.00 |
| Fresh Issue Size | 32,031,250 shares |
| Face Value | ₹10 per share |
Arkade Developers IPO Pricing
| Pricing Information | Details |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 shares |
Arkade Developers IPO Investment Details
| Investment Requirements | Retail Investors |
| Minimum Investment | ₹14,080 |
| Maximum Investment | ₹197,120 |
Arkade Developers IPO Reservation
| Reservation Categories | Shares Offered |
| Retail Investors | 1,11,56,250 (35%) |
| Qualified Institutional Buyers | 63,75,000 (20%) |
| Non-Institutional Investors | 47,81,250 (15%) |
Arkade Developers IPO Anchor Investors
| Anchor Investor Highlights | Details |
| Total Amount Raised | ₹122.40 Crores |
| Bid Date | September 13, 2024 |
Arkade Developers IPO Subscription Status
| Subscription Metrics | Times Subscribed |
| Overall Subscription | 113.49 times |
| Retail Category | 53.78 times |
Arkade Developers IPO Timeline
| Key Dates | Schedule |
| IPO Opening Date | September 16, 2024 |
| IPO Closing Date | September 19, 2024 |
| Listing Date | September 24, 2024 |
Arkade Developers IPO Company Profile
| Company Information | Details |
| Business Focus | Real estate development in Mumbai |
| Total Projects Completed | 28 projects |
Financial Performance
| Financial Metrics | FY 2024 |
| Revenue | ₹635.71 Crores |
| Profit After Tax | ₹122.81 Crores |
Arkade Developers IPO Objectives
| Use of Proceeds | Details |
| Funding Ongoing Projects | Arkade Nest, Prachi CHSL, C-Unit |
| Acquisition of Land | For future real estate projects |
Arkade Developers IPO Management
| Key Personnel | Details |
| Promoter | Mr. Amit Mangilal Jain |
| Permanent Employees | 201 |
Key Performance Indicators
| KPI | Values |
| ROE | 46.90% |
| Debt/Equity Ratio | 0.21 |
Arkade Developers IPO Recommendations
| Broker Ratings | Summary |
| Subscribe | 11 brokers |
| Neutral | 1 broker |
Contact Information
| Company Contact | Details |
| Address | Arkade House, Kandivali (East), Mumbai |
| Phone | +91 22 2887474 |
Arkade Developers IPO Summary
The Arkade Developers Limited IPO is set to make waves in the market, with a strong investor response and promising financial indicators. Opening for bids from September 16 to 19, 2024, the issue targets a total raise of ₹410 crores. With significant interest reflected in both retail and institutional categories, alongside a robust grey market premium, this IPO presents a compelling opportunity for investors seeking medium to long-term growth in the real estate sector.
Disclaimer
The opinions and recommendations in this analysis come from individual analysts or brokerage firms and do not reflect the views of Browvopetshop. We strongly recommend that investors consult certified professionals before making any investment decisions, as market conditions can fluctuate quickly and individual situations may differ.
