Arkade Developers IPO – Arkade Developers is a rapidly expanding real estate development firm with a notable presence in Mumbai, Maharashtra. The company focuses on developing new projects and redeveloping existing properties. Between 2017 and Q1 2024, it launched 1,220 residential units and sold 1,045 residential units across various markets in the Mumbai Metropolitan Region (MMR), Maharashtra.
As of 30 June 2024, Arkade Developers had developed 2.20 million square feet of residential property, including projects in partnership entities where it holds the majority stake. Additionally, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai, with a combined constructed area of 648,000 square feet.
Currently, Arkade Developers is developing approximately 3.7 million square feet across 6 ongoing projects. As of 30 June 2024, the company had 201 permanent employees.
Arkade Developers IPO is a book built issue of Rs. 410.00 crores. The issue is entirely a fresh issue. Arkade Developers IPO opens for subscription on September 16, 2024 and closes on September 19, 2024. The allotment for the Arkade Developers IPO is expected to be finalized on Friday, September 20, 2024. Arkade Developers IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, September 24, 2024. Arkade Developers IPO price bands are yet to be announced.
Arkade Developers IPO Details
| Arkade Developers IPO Dates | 16 – 19 September 2024 |
| Arkade Developers Issue Price | Coming soon |
| Fresh issue | INR 410 crore |
| Offer For Sale | NIL |
| Total IPO size | INR 410 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Arkade Developers IPO Dates
The Arkade Developers IPO date is September 16 and the close date is September 19. The Arkade Developers IPO allotment will be finalized on September 20 and the IPO listing on September 24.
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
Arkade Developer’s Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 108.27 | 228.93 | 220.15 | 634.74 |
| Expenses | 83.48 | 178.89 | 161.41 | 471.56 |
| Net income | 21.72 | 50.84 | 50.66 | 122.84 |
| Margin (%) | 20.06 | 22.21 | 23.01 | 19.35 |
