ARKADE DEVELOPERS LIMITED
Bookbuilding IPO · NSE, BSE
- Price band
- ₹121 - ₹128
- Lot size
- 110 shares
- Issue amount
- ₹410 cr
- Total subscription
- 113.48×
- Opens
- 16 Sept 2024
- Closes
- 19 Sept 2024
- Allotment
- 20 Sept 2024
- Listing
- 24 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 3,20,37,601 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,310
- Fresh issue
- ₹410 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,080
- Issue type
- Bookbuilding IPO
- Shares before issue
- 15,36,26,016
- Shares after issue
- 18,56,57,266
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 110 | ₹14,080 |
| sHNI | 15 | 1,650 | ₹2,11,200 |
| bHNI | 72 | 7,920 | ₹10,13,760 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 1,932 | 65,226 |
| HNIs (2-10L) | 966 | 1,64,292 |
| RETAIL | 1,01,420 | 48,56,661 |
| Employee | 0 | 62,673 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 81.6 | 0 |
| RETAIL | 142.8 | 0 |
| HNIs 2+ | 20.4 | 0 |
| HNIs 10+ | 40.8 | 0 |
| EMPLOYEES | 2.08 | 0 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.08 | 3.34 | 3.34 |
| ROE | 46.9 | 29.02 | 40.9 |
| ROCE | 47.34 | 24.3 | 46.17 |
| RONW | 46.9 | 29.02 | 40.9 |
| PRE IPO(PE) | 16.01 | 0 | 0 |
| POST IPO(PE) | 19.35 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Arkade Developers Limited, originally incorporated in May 1986 and later converted into a public company in July 2023, is a real estate developer focused mainly on residential projects and redevelopment work in the Mumbai Metropolitan Region (MMR). The company is known for high-quality construction and timely project delivery, which has helped build strong trust among homebuyers. Over the years, Arkade has expanded across multiple key locations in Mumbai and offers a variety of residential options. Its projects are known for modern designs, sustainable construction practices, and compliance with all necessary regulatory standards.
Strengths
- Prime MMR Locations: Projects located in high-demand areas across the Mumbai Metropolitan Region.
- Strong Delivery Record: Proven track record of timely project completion builds credibility and trust.
- Experienced Leadership: Seasoned management team with decades of real estate experience drives efficient execution.
Risk factors
- Market Volatility: Real estate demand can fluctuate with economic conditions, impacting sales and growth.
- Regulatory Risks: Changes in real estate rules and compliance norms may delay projects and affect profitability.
- High Borrowings: Elevated debt levels may limit financial flexibility and increase risk.
Promoters
Mr. Amit Mangilal Jain
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Arkade House, Opp. Bhoomi Arkade, Near Childrens Academy, Kandivali (East), Mumbai - 400101
+91 22 2887474
[email protected]Company website ↗Understanding ARKADE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.