Arkade Developers IPO is a book built issue of Rs 410.00 crores. The issue is entirely a fresh issue of 3.2 crore shares.Arkade Developers IPO opens for subscription on September 16, 2024 and closes on September 19, 2024. The allotment for the Arkade Developers IPO is expected to be finalized on Friday, September 20, 2024. Arkade Developers IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, September 24, 2024.
Arkade Developers IPO price band is set at ₹121 to ₹128 per share. The minimum lot size for an application is 110 Shares. The minimum amount of investment required by retail investors is ₹14,080. The minimum lot size investment for sNII is 15 lots (1,650 shares), amounting to ₹211,200, and for bNII, it is 72 lots (7,920 shares), amounting to ₹1,013,760.
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.
Refer to Arkade Developers IPO RHP for detailed information.
Arkade Developers IPO Details
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 153,626,016 |
| Share holding post issue | 185,657,266 |
Arkade Developers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Arkade Developers IPO Timeline (Tentative Schedule)
Arkade Developers IPO opens on September 16, 2024, and closes on September 19, 2024.
| IPO Open Date | Monday, September 16, 2024 |
| IPO Close Date | Thursday, September 19, 2024 |
| Basis of Allotment | Friday, September 20, 2024 |
| Initiation of Refunds | Monday, September 23, 2024 |
| Credit of Shares to Demat | Monday, September 23, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Arkade Developers IPO Lot Size
Investors can bid for a minimum of 110 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1540 | ₹197,120 |
| S-HNI (Min) | 15 | 1,650 | ₹211,200 |
| S-HNI (Max) | 71 | 7,810 | ₹999,680 |
| B-HNI (Min) | 72 | 7,920 | ₹1,013,760 |
| Lot Size Calculator | |||
Arkade Developers IPO Promoter Holding
Mr. Amit Mangilal Jain is the company promoter.
| Share Holding Pre Issue | 85.58% |
| Share Holding Post Issue |
About Arkade Developers Limited
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 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.).
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.
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.
Company Financials
Arkade Developers Limited Financial Information (Restated Consolidated)
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
The market capitalization of Arkade Developers IPO is Rs 2376.41 Cr.
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 | 6.61 |
| P/E (x) | 16.01 | 19.35 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
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 Prospectus
Arkade Developers Limited Contact Details
Arkade House, Opp. Bhoomi Arkade,
Near Children�s Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai – 400101
Phone: +91 22 2887474
Email: cs@arkade.in
Website: http://www.arkade.in/
Arkade Developers IPO Registrar
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Arkade Developers IPO Lead Manager(s)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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Arkade Developers IPO FAQs
Arkade Developers IPO is a main-board IPO of 32,031,250 equity shares of the face value of ₹10 aggregating up to ₹410.00 Crores. The issue is priced at ₹121 to ₹128 per share. The minimum order quantity is 110 Shares.
The IPO opens on September 16, 2024, and closes on September 19, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
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