Arkade Developers IPO Allotment Status Online: Arkade Developers IPO is Open on 16 September 2024 and Close on 19 September 2024. Arkade Developers IPO to Raise 32,031,250 shares (Approx ₹410.00 Cr) via IPO. The Fresh Issue is 32,031,250 shares (Approx ₹410.00 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Arkade Developers IPO Basis of Allotment Status on 20 September 2024. Arkade Developers IPO Refund Date is 23 September 2024 and Arkade Developers IPO Credit to Demat on 23 September 2024.
Also Read: Arkade Developers IPO GMP, Price, Date, Review & IPO Details
Arkade Developers Allotment Link Online
| Bigshare | Bigshare Allotment Link |
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| Moneymintidea | IPO Allotment Status Link |
About –
Arkade Developers are a real estate development Company concentrating on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India’s commercial capital. Our business can broadly be classified into two categories: (i) development / construction of residential premises on land acquired by our Company (New Projects) and (ii) redevelopment of existing premises (Redevelopment Projects).
We have developed 2.20 million square feet of residential property (including through partnership entities in which we hold the majority stake). We are engaged in the development of
new projects and redevelopment of existing premises, and between 2017 and Q1 2024.
We have launched 1,220 residential units and sold 1,045 residential units in different markets in MMR, Maharashtra. In particular, we have established a successful track record of completing our projects on time, and from CY 2003 to March 2024.
We have successfully completed redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which we hold the majority stake) with a combined constructed area of 1,000,000 square feet (approx.). This track record has established us as one of the major player of redevelopment in the Mumbai western suburbs.
Arkade Developers have developed a strong brand proposition and successful track record including by leveraging our lineage – Amit Mangilal Jain, our Promoter, is a second-generation real estate entrepreneur whose family has been involved in real estate development since 1986. We also have a consistent track-record of meeting our project delivery timelines which is a critical aspect of our brand.
