Arkade Developers IPO Live Subscription Status: 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%
The Arkade Developers IPO is an Mainline IPO and Listed on NSE & BSE. Arkade Developers IPO Price Band is Fixed at ₹128 Equity Shares. Arkade Developers IPO Lot Size is 110 Shares.
Also Read: Arkade Developers IPO GMP, Price, Date, Review & IPO Details
Arkade Developers IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 63,75,000 | 1,10,03,00,410 | 172.60 |
| Non Institutional Buyers (NIIs) | 47,81,250 | 82,34,30,190 | 172.22 |
| BNII | 31,87,500 | 54,17,11,170 | 169.95 |
| SNII | 15,93,750 | 28,17,19,020 | 176.76 |
| Retail Individual Buyers (RIIs) | 1,11,56,250 | 59,99,69,370 | 53.78 |
| Anchor Investor | 95,62,500 | 95,62,500 | 1 |
| Total | 2,23,12,500 | 2,53,23,06,150 | 113.49 |
Arkade Developers IPO Subscription Status day-by-day-
| Categories | 16 Sep | 17 Sep | 18 Sep | 19 Sep |
|---|---|---|---|---|
| QIB | 0.25 | 0.47 | 0.65 | 172.60 |
| NII | 8.42 | 29.99 | 62.45 | 172.22 |
| RII | 8.75 | 21.40 | 35.83 | 53.78 |
| Total | 6.31 | 17.41 | 31.73 | 113.49 |
About IPO :
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.
Arkade Developers 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 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 holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
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