Arkade Developers IPO GMP : Arkade Developers IPO GMP 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 of 32,031,250 shares (Approx ₹410.00 Cr).
We 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.
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 owe our strong brand recognition in MMR, Maharashtra and our track-record to our customer-centric approach, and our business model which lays emphasis on developing high-end and premium budget aesthetically designed, sustainable residential premises with life-style amenities and facilities in the high-density areas in MMR, Maharashtra.
We also have a consistent track-record of meeting our project delivery timelines which is a critical aspect of our brand. While our initial projects were stand-alone residential buildings, our current portfolio of Ongoing Projects includes gated communities such as Arkade Nest, Arkade Aspire, Arkade Prime and Arkade Aura.
Arkade Developers IPO Date & Price Band Details
| IPO Open Date | 16 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| IPO Size | 32,031,250 shares (Approx ₹410.00 Cr) |
| Fresh Issue | 32,031,250 shares (Approx ₹410.00 Cr) |
| Lot Size | 110 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹121 to ₹128 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Arkade Developers IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹14,080 |
| Retail Maximum | 13 | 1540 | ₹197,120 |
| S-HNI Minimum | 14 | 1,650 | ₹211,200 |
| B-HNI Minimum | 68 | 7,920 | ₹1,013,760 |
Object of the Issue
- Funding a part of the costs to be incurred in the development of our Ongoing Projects (viz. Arkade Nest, Prachi CHSL and C-Unit) (Funding Development Expenses).
- Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes.
Arkade Developers IPO Allotment & Listings (Details)
| IPO Open Date | 16 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| Basis of Allotment | 20 Sep 2024 |
| Refunds | 23 Sep 2024 |
| Credit to Demat Account | 23 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Arkade Developers Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹635.71 | ₹471.56 | ₹122.81 |
| 2023 | ₹224.01 | ₹161.41 | ₹50.77 |
| 2022 | ₹237.18 | ₹178.89 | ₹50.84 |
Our Company Promoters
- Amit Mangilal Jain
Qualitative Factors
- Strategic location of projects in micro markets of MMR, Maharashtra.
- We are a leading player and amongst top 10 developers in terms of supply in select micro markets of, and an established developer in, the MMR, Maharashtra.
- Experienced Promoter and strong and technically proficient management team.
- Strong in-house resources.
- Timely completion of projects.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Arkade Developers Limited | 10.00 | 8.08 | [.] | 46.90 | 21.28 | 6,357.12 |
| Peer Group | ||||||
| Keystone Realtors Limited | 10.00 | 9.85 | 74.85 | 6.40 | 157.81 | 22,756.30 |
| Godrej Properties Limited | 5.00 | 26.09 | 111.53 | 7.76 | 359.40 | 43,342.20 |
| Macrotech Developers Limited | 10.00 | 16.03 | 78.46 | 10.32 | 180.80 | 1,04,695.00 |
| Suraj Estate Developers Limited | 5.00 | 19.39 | 40.92 | 22.97 | 148.30 | 4,157.04 |
Also Read: Western Carriers (India) IPO
Arkade Developers Company Contact Details
Arkade House, Opp. Bhoomi Arkade,
Near Children’s Academy, A S Marg, Ashok Nagar, Kandivali (East),
Mumbai 400101, Maharashtra, India.
Telephone: +91 (22) 28874742
E-mail: cs@arkade.in
Website: www.arkade.in
Arkade Developers Lead Manager
Unistone Capital Private Limited
A/305, Dynasty Business Park, Andheri Kurla Road, Andheri East,
Mumbai- 400059, Maharashtra, India.
Telephone: +91 – 022 46046494
E-mail: mb@unistonecapital.com
Investor grievance e-mail: compliance@unistonecapital.com
Website: www.unistonecapital.com
Contact Person: Brijesh Parekh
Arkade Developers IPO Registrar
Bigshare Services Private Limited
S6 -2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400093.
Tel: +91-22-62638200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Contact Person: Jibu John
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