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Arkade Developers Ltd. IPO
IPO Timeline
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16 Sep 2024Bidding Starts
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19 Sep 2024Bidding Ends
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20 Sep 2024Allotment Finalization
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24 Sep 2024Listing
About Arkade Developers Ltd.
We are a rapidly growing real estate development Company with a significant presence in Mumbai, Maharashtra. We are engaged in the development of new projects and redevelopment of existing premises, and between 2017 and Q1 2024, we have launched 1,220 residential units and sold 1,045 residential units in different markets in the MMR. (Source: Anarock Report). 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.).
Arkade Developers Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 95,62,500 (29.85%) |
| Employee Reserved | 1,56,250 (0.49%) |
| Non Institutional Investors | 47,81,250 (14.93%) |
| Qualified Institutional Buyers (QIBs) | 63,75,000 (19.9%) |
| Retail Individual Investors (RIIs) | 1,11,56,250 (34.83%) |
Arkade Developers Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 636.59 Cr | 122.95 Cr | 171.40 Cr |
| 31 Mar 2023 | 233.65 Cr | 54.86 Cr | 198.21 Cr |
| 31 Mar 2022 | 238.54 Cr | 48.58 Cr | 143.32 Cr |
Arkade Developers Ltd. Background
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2005Acquired and Launched Project Casa Bella in Borivali West.
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2007Commenced Redevelopment of Vineet Co-operative Housing Society in Kandivali West
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2008Commenced Redevelopment of Om Khushal Co-operative Housing Society in Vile Parle East.
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2013Completed the Company’s first project in South Mumbai, namely, Project Arkade Fortuna.
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2016Entered into Development Agreement for Project Arkade Earth in Kanjurmarg.
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2018Successfully completed project named Arkade Art in Mira Road
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2020Completed a project in South Mumbai at Carmichael Road named Arkade Rise.
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2021Acquired Land in Andheri East admeasuring 2,091.60 square metres
Acquired Land in Goregaon East 5,932.90 square metres
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2022Completed development of Project Arkade Earth in Kanjurmarg.
Commenced Redevelopment of Vivek Co-operative Housing Society in Santacruz West.
Completed development of Project Arkade Darshan in Vile Parle East.
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2023Acquired Land in Nahur, Mulund admeasuring 8,327.20 square metres.
Successfully completed Arkade Serene within 19 months from Commencement Certificate.
Acquired Land in Bhandup admeasuring 11,967 square metres.
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2024Successfully completed Arkade Crown within 25 months from Commencement Certificate.
1. Funding Development Expenses
2. Funding acquisition of yet-to-be identified land for real estate projects
3. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 128.00 | ₹ 128.00 |
| Open | ₹ 175.90 | ₹ 175.00 |
| Low | ₹ 164.70 | ₹ 164.80 |
| High | ₹ 190.00 | ₹ 190.00 |
| Last Trade | ₹ 165.85 | ₹ 165.86 |
Amit Mangilal Jain
Mumbai is one of the biggest and most expensive real estate markets in India. It has various micro-markets along with Mumbai City, suburbs, extended suburbs and neighbouring areas such as Thane and Navi Mumbai. Between 2017 and 2019,the housing market in MMR witnessed a gradual growth in both ... Read more
FAQs
When does Arkade Developers Ltd. IPO opens and closes?
Arkade Developers Ltd. IPO opens from 16th September to 19th September 2024.What is the size of Arkade Developers Ltd. IPO?
The size of the Arkade Developers Ltd. IPO is ₹410.00 Cr.What is the price range of Arkade Developers Ltd. IPO?
The price range of Arkade Developers Ltd. IPO is at ₹121 to ₹128 per share.What is the minimum investment and lot size required for the Arkade Developers Ltd. IPO?
The minimum investment required is ₹14,080 and minimum lot size is 110 shares.When is Arkade Developers Ltd. IPO listing date?
The Arkade Developers Ltd. IPO will be listed on 24th September 2024.What is the objective of Arkade Developers Ltd. IPO?
1. Funding Development Expenses2. Funding acquisition of yet-to-be identified land for real estate projects
3. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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