Arkade Developers Ltd
Price Range
₹121 - ₹128
Min. Quantity
110
Closes on
19 September 2024
Min. investment
₹14,080/1,540 Shares
Arkade Developers Ltd IPO Timeline
Arkade Developers Limited was originally incorporated as Arkade Developers Private Limited', at Mumbai as a Private Limited Company vide Certificate of Incorporation on May 13, 1986. Thereafter, Company was converted into a Public Limited Company, and the name of Company was changed to its present name pursuant to a Fresh Certificate of Incorporation issued by the RoC on July 7, 2023.
| Event | Date |
|---|---|
| Arkade Developers Ltd IPO Opening Date | 16 September 2024 |
| Arkade Developers Ltd IPO Closing Date | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refunds | 23 September 2024 |
| Credit of Shares to Demat | 23 September 2024 |
| Arkade Developers Ltd IPO Listing Date | 24 September 2024 |
Arkade Developers Ltd IPO Details
| Arkade Developers Ltd IPO Date | 16 September 2024 to 19 September 2024 |
| Arkade Developers Ltd IPO Face Value | ₹10 per share |
| Arkade Developers Ltd IPO Price | ₹121 to ₹128 per share |
| Arkade Developers Ltd IPO Lot Size | 110 |
| Issue Size | Shares of ₹10 (aggregating up to ₹410 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹410 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 67,43,800 of the Net Offer |
| Retail Shares Offered | Not less than 1,18,01,654 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 50,57,852 of the Net Offer |
| Company Promoters | Amit Mangilal Jain |
Arkade Developers Ltd IPO Lot Size
The Arkade Developers Ltd IPO lot size is 110 shares. A retail-individual investor can apply for up to 14 lots (1,540 shares or ₹1,97,120).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 110 | ₹14,080 |
| Maximum | 14 | 1,540 | ₹1,97,120 |
- Strengths
- Risks
- Opportunities
- Strategic location of projects in micro markets of MMR, Maharashtra with entry barriers.
- The Company is a leading player 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.
Company Financials
Arkade Developers Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 574.72 | 636.59 | 122.95 |
| 03-2023 | 555.15 | 233.65 | 54.86 |
| 03-2022 | 366.14 | 238.54 | 48.58 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding Development Expenses
- Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes
Arkade Developers Ltd IPO Promoter Holding
| Pre Issue Share Holding | 80.17% |
| Post Issue Share Holding | 66.33% |
Arkade Developers Ltd IPO Subscription Status (Bidding Detail)
The Arkade Developers Ltd IPO is subscribed 106.83 times on 19 September 2024 05:00:00 PM. The public issue subscribed 51.39 times in the retail category, 163.16 times in the QIB category, and 163.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 163.16 | 163.02 | 51.39 | 50.49 | 106.83 |
Arkade Developers Ltd IPO Prospectus
Arkade Developers Ltd IPO Listing Date
| Listing Date | 24 September 2024 |
| BSE Script | 544261 |
| NSE Symbol | ARKADE |
| Listing In | BSE, NSE |
| ISIN | INE0QRL01017 |
| IPO Price | ₹128 |
| Face Value | ₹10 |
Company Contact Information
Arkade House A S MargAshok Nagar Kandivali (East),Mumbai-400101
Phone: +91 22 2887 4742
Email: cs@arkade.in
Website: www.arkade.in
Arkade Developers Ltd IPO Registrar
Arkade Developers Ltd IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
FAQ
What is the issue size of Arkade Developers Ltd IPO?
I have pre-applied for Arkade Developers Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.