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IPO Status: Open [16th Sep 2024 to 19th Sep 2024]
Arkade Developers IPO, a Mainline IPO of ₹410.00 Cr opens for subscription from 16-09-2024 to 19-09-2024. The IPO consists of ₹410.00 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 121.00-128.00 per share. You can apply to the Arkade Developers Mainline IPO for a minimum lot of 110 shares amounting of Rs 14080.
The tentative listing date on the exchange (BSE, NSE) is 24-09-2024.Stay tuned with us to get more details about Arkade Developers Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 16th Sep 2024 |
| IPO Issue Closing Date: | 19th Sep 2024 |
| IPO Issue Price: | ₹121.00-128.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹410.00 Cr |
| Fresh Issue: | ₹410.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 85.58% |
| Promoter Holding Post IPO: | 70.82% |
Get important updates regarding Arkade Developers IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Sep 2024 |
| Refunds Initiation* | 23rd Sep 2024 |
| Credit of Shares to Demat* | 23rd Sep 2024 |
| IPO Listing Date* | 24th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹121.00-128.00 |
| Market Lot: | 110 Shares |
| 1 Lot Amount: | ₹14080 |
| Min Small HNI Lots(2-10 Lakh): | 1650 shares (15 lots) - ₹211200 |
| Min Big HNI Lots(10+ Lakh): | 7920 shares (72 lots) - ₹1013760 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 128.00 | 85 | 7100/106500 | ₹213 (66.41%) | 19-Sep-2024 7:03 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Arkade Developers Limited, incorporated in May 1986, is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra, India’s commercial capital. The company's business activities can be broadly divided into two categories:
The Company is engaged in the development of new projects and renovation of existing buildings and has launched 1,220 residential units and sold 1,045 residential units in various markets in MMR, Maharashtra between 2017 and Q1 2024. It is strategically located in Mumbai, one of India's largest and most expensive real estate markets. From CY 2021 to Q1 2024, MMR, Maharashtra has achieved the highest annual sales share of residential units in the top 7 cities in India, ranging from 29% to 33%.
| Incorporation | Sector | IPO Issue Size | Website |
| 1986 | Residential Commercial Projects | ₹410.00 Cr | http://www.arkade.in/ |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 6,375,000 (28.57%) | 4,781,250 (21.43%) | 11,156,250 (50%) | 22,312,500 | |
| 1 | 16th Sep 2024 19:04 | 0.25x | 8.42x | 8.75x | 6.31x |
| 2 | 17th Sep 2024 19:04 | 0.47x | 29.99x | 21.40x | 17.41x |
| 3 | 18th Sep 2024 19:04 | 0.65x | 62.45x | 35.83x | 31.73x |
Arkade Developers Limited's revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 575.01 | 555.41 | 369.97 | |||||||||||||||||||||||||||
| Revenue | 635.71 | 224.01 | 237.18 | |||||||||||||||||||||||||||
| Profit After Tax | 122.81 | 50.77 | 50.84 | |||||||||||||||||||||||||||
| Net Worth | 323.4 | 200.32 | 149.5 | |||||||||||||||||||||||||||
| Reserves and Surplus | 171.4 | 198.32 | 147.49 | |||||||||||||||||||||||||||
| Total Borrowing | 69.41 | 149 | 64.41 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Arkade Developers Limited | 8.08 | 8.08 | 21.28 | 46.9 | Consolidated | |
| Keystone Realtors Limited | 9.85 | 9.82 | 157.81 | 74.85 | 6.4 | Consolidated |
| Godrej Properties Ltd | 26.09 | 26.08 | 359.4 | 111.53 | 7.76 | Consolidated |
| Macrotech Developers Limited | 16.03 | 15.99 | 180.8 | 78.46 | 10.32 | Consolidated |
| Suraj Estate Developers Limited | 19.39 | 19.39 | 148.3 | 40.92 | 22.97 | Consolidated |
Last Updated on 19-Sep-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Arkade Developers IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Arkade Developers IPO with Zerodha.
Alternate approch to apply in Arkade Developers IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Arkade Developers IPO Review and Important Updates
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To subscribe or apply in Arkade Developers IPO, you can use the following methods:
| Arkade Developers IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Arkade Developers IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Arkade Developers IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Arkade Developers IPO. Most of the Syndicate Banks provide access to apply in Arkade Developers IPO via ASBA process. You must have your net banking access, DP ID information to apply in Arkade Developers IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Arkade Developers IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Arkade Developers IPO Review and Important Updates
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Applying in Arkade Developers IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Arkade Developers IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Arkade Developers IPO, please refer article >> Link
Arkade Developers IPO Review and Important Updates
Steps to download the online application form for Arkade Developers IPO
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Arkade Developers IPO is going to be list on 24-09-2024.
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Arkade Developers IPO Allotment Date is 20-09-2024.
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