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Arkade Developers IPO is a book build issue of ₹410.00 crores. The issue is entirely a fresh issue of 3.20 crore shares of ₹410.00 crore.
Arkade Developers IPO bidding started from Sep 16, 2024 and ended on Sep 19, 2024. The allotment for Arkade Developers IPO was finalized on Sep 20, 2024. The shares got listed on BSE, NSE on Sep 24, 2024.
Arkade Developers IPO price band is set at ₹128.00 per share . The lot size for an application is 110. The minimum amount of investment required by an retail is ₹13,310 (110 shares). The lot size investment for sNII is 15 lots (1,650 shares), amounting to ₹2,11,200, and for bNII, it is 72 lots (7,920 shares), amounting to ₹10,13,760.
The issue includes a reservation of up to 1,62,601 shares for employees offered at a discount of ₹5.00 to the issue price.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Arkade Developers IPO RHP for detailed Information.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | September 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹128 per share |
| Issue Price Final | ₹128 per share |
| Lot Size | 110 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,20,37,601 shares (aggregating up to ₹410.00 Cr) |
| Employee Discount | ₹5.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 15,36,26,016 shares |
| Share Holding Post Issue | 18,56,57,266 shares |
Arkade Developers IPO offers total 3,20,37,601 shares. Out of which 1,59,37,500 (49.75%) allocated to QIB, 63,75,000 (19.90%) allocated to QIB, 47,81,250 (14.92%) allocated to NII, 1,11,56,250 (34.82%) allocated to RII and 95,62,500 (29.85%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,59,37,500 (49.75%) | NA |
| − Anchor Investor Shares Offered | 95,62,500 (29.85%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 63,75,000 (19.90%) | NA |
| NII (HNI) Shares Offered | 47,81,250 (14.92%) | NA |
| − bNII > ₹10L | 31,87,500 (9.95%) | 1,931 |
| − sNII < ₹10L | 15,93,750 (4.97%) | 965 |
| Retail Shares Offered | 1,11,56,250 (34.82%) | 1,01,420 |
| Employee Shares Offered | 1,62,601 (0.51%) | NA |
| Total Shares Offered | 3,20,37,601 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Arkade Developers IPO raises ₹122.40 crore from anchor investors. Arkade Developers IPO Anchor bid date is September 13, 2024. Arkade Developers IPO Anchor Investors list
| Bid Date | September 13, 2024 |
| Shares Offered | 95,62,500 |
| Anchor Portion Size (In Cr.) | 122.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 19, 2024 |
Arkade Developers IPO opens on September 16, 2024, and closes on September 19, 2024.
| IPO Open Date | Mon, Sep 16, 2024 |
| IPO Close Date | Thu, Sep 19, 2024 |
| Tentative Allotment | Fri, Sep 20, 2024 |
| Initiation of Refunds | Mon, Sep 23, 2024 |
| Credit of Shares to Demat | Mon, Sep 23, 2024 |
| Tentative Listing Date | Tue, Sep 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 19, 2024 |
Investors can bid for a minimum of 110 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1,540 | ₹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 | ₹10,13,760 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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.
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 |
| Total Income | 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 | |||
The market capitalization of Arkade Developers IPO is ₹2376.41 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.90% |
| ROCE | 47.34% |
| Debt/Equity | 0.21 |
| RoNW | 46.90% |
| PAT Margin | 19.35% |
| Price to Book Value | 6.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.99 | 6.61 |
| P/E (x) | 16.01 | 19.35 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is one of the leading real estate developer having its operations in MMR region. It marked static performance for FY22 and FY23, but posted improved numbers for FY24, indicating the likely trends going ahead. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | September 24, 2024 |
| BSE Script Code | 544261 |
| NSE Symbol | ARKADE |
| ISIN | INE0QRL01017 |
| Final Issue Price | ₹128 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
Arkade Developers Ltd.
Arkade House, Opp. Bhoomi Arkade,
Near Children’s Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai - 400101
Mumbai, Maharashtra
Phone: +91 22 2887474
Email: cs@arkade.in
Website: http://www.arkade.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Arkade Developers IPO is a main-board IPO of 3,20,37,601 equity shares of the face value of ₹10 aggregating up to ₹410.00 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 110.
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.
Zerodha customers can apply online in Arkade Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Arkade Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arkade Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arkade Developers IPO opens on September 16, 2024 and closes on September 19, 2024.
Arkade Developers IPO lot size is 110, and the minimum amount required for application is ₹14,080.
You can apply in Arkade Developers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Arkade Developers IPO will be done on Friday, September 20, 2024, and the allotted shares will be credited to your demat account by Monday, September 23, 2024. Check the Arkade Developers IPO allotment status.
The Arkade Developers IPO listing date is on Tuesday, September 24, 2024.
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