The Arkade Developers IPO is set to open on September 16, 2024, and will close on September 19, 2024. As one of the leading real estate firms based in Mumbai, Maharashtra, Arkade Developers is launching a book-built issue to raise ₹410 crores. The issue includes both a fresh issue of ₹410 crores and an offer for sale of equity shares. The IPO price band is expected to range between ₹121 and ₹128 per share, and the face value of each equity share is ₹10.
For investors interested in long-term growth, Arkade Developers’ solid financial performance over the last few years suggests that this could be an excellent opportunity. In this blog, we will delve deeper into the IPO details, the company’s financial health, the market lot, important dates, and how to apply. We will also provide information about grey market premium (GMP) trends and how to use them to gauge market interest.
Arkade Developers IPO Details
| Details | Information |
|---|---|
| IPO Open Date | September 16, 2024 |
| IPO Close Date | September 19, 2024 |
| Face Value | ₹10 per Equity Share |
| Price Band | ₹121 to ₹128 per Share |
| Issue Size | Approx ₹410 Crores |
| Fresh Issue | Approx ₹410 Crores |
| Offer for Sale | Equity Shares with ₹[.] Face Value |
| Listing Exchange | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
The IPO will be listed on both BSE and NSE exchanges, with the allotment date set for September 20, 2024. This makes Arkade Developers an attractive option for investors looking to tap into the growing real estate market in India.
Market Lot and Application Size
Investors can apply in lots, with a minimum lot size of 110 shares. The application amounts vary depending on the number of lots.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹14,080 |
| Retail Maximum | 14 | 1,540 | ₹197,120 |
| S-HNI Minimum | 15 | 1,650 | ₹211,200 |
| B-HNI Minimum | 72 | 7,920 | ₹10,13,760 |
Key Dates for Arkade Developers IPO
Mark these dates to ensure you don’t miss out on applying for the Arkade Developers IPO:
| Event | Date |
|---|---|
| IPO Open Date | September 16, 2024 |
| IPO Close Date | September 19, 2024 |
| Allotment Date | September 20, 2024 |
| Refund Initiation | September 23, 2024 |
| Credit to Demat | September 23, 2024 |
| Listing Date | September 24, 2024 |
About Arkade Developers
Arkade Developers Limited is one of Mumbai’s top real estate developers, renowned for delivering high-quality residential and commercial projects. The company has completed 27 projects, serving over 4,000 customers across more than 4 million square feet of developed space. Their key projects include Arkade Nest, Arkade Prime, Arkade Crown, and Arkade Aspire, all of which have garnered substantial attention in the Maharashtra real estate market.
Currently, Arkade Developers is engaged in five ongoing projects, with plans for two additional projects totaling over 2 million square feet. The company has built a strong reputation for timely project delivery and customer satisfaction, making it a trusted brand in the real estate sector.
Arkade Developers Financial Performance
In terms of financial performance, Arkade Developers has demonstrated consistent growth over the past few years. The company’s revenue increased dramatically from ₹224.01 crores in 2023 to ₹635.71 crores in 2024, while profits grew from ₹50.77 crores in 2023 to ₹122.81 crores in 2024.
| Year | Revenue (₹ Crores) | Profit (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|
| 2022 | 237.18 | 50.84 | 369.97 |
| 2023 | 224.01 | 50.77 | 555.41 |
| 2024 | 635.71 | 122.81 | 575.01 |
This growth indicates that Arkade Developers has a strong business model and is well-positioned for future expansion. The company’s debt-to-equity ratio is low, standing at 0.21, making it a relatively low-risk investment from a financial perspective.
Valuation Metrics
| KPI | Values |
|---|---|
| ROE | 46.90% |
| ROCE | 47.34% |
| EBITDA Margin | 26.68% |
| PAT Margin | 19.35% |
| EPS | ₹8.08 |
| P/E Ratio | N/A |
| RoNW | 46.90% |
| NAV | ₹21.28 |
Objects of the Issue
The Arkade Developers IPO will raise funds for two main objectives:
- Funding development expenses for ongoing projects like Arkade Nest, Prachi CHSL, and C-Unit.
- Funding land acquisition for future real estate projects and general corporate purposes.
How to Apply for Arkade Developers IPO
You can apply for the Arkade Developers IPO through ASBA (Application Supported by Blocked Amount) online via your bank account or stock brokers using UPI. Offline applications can also be made through stock brokers. To maximize your chances of receiving an allotment, consider using multiple demat accounts under different names in your household.
For a detailed guide on how to apply for IPOs, you can refer to our IPO Forms Section.
Grey Market Premium (GMP) Trends
Arkade Developers IPO Grey Market Premium (GMP) will be available as the IPO date nears. GMP is an essential tool for predicting investor interest and market demand for the IPO. The higher the GMP, the higher the potential for positive listing gains.
To stay updated on GMP trends, visit our GMP Page for the latest figures and analysis.
Peer Group Comparison
Here’s how Arkade Developers compares with some of its peers in the real estate sector:
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ Cr.) |
|---|---|---|---|---|---|
| Keystone Realtors | 9.85 | 74.85 | 6.40 | 157.81 | 2275.63 |
| Godrej Properties | 26.09 | 111.53 | 7.76 | 359.40 | 4334.22 |
| Macrotech Developers | 16.03 | 78.46 | 10.32 | 180.80 | 10469.50 |
| Suraj Estate Developers | 19.39 | 40.92 | 22.97 | 148.30 | 415.70 |
FAQs on Arkade Developers IPO
1. What is the Arkade Developers IPO?
The Arkade Developers IPO is a main-board IPO raising ₹410 crores with an issue price band of ₹121 to ₹128 per equity share. It will be listed on BSE and NSE.
2. When is the Arkade Developers IPO open for subscription?
The IPO opens on September 16, 2024, and closes on September 19, 2024.
3. How can I apply for the Arkade Developers IPO?
You can apply through ASBA via your bank or stock broker. For more details, visit our IPO Forms section.
4. What is the GMP for Arkade Developers IPO?
The GMP will be updated on our GMP Page as the IPO approaches.
Conclusion
The Arkade Developers IPO presents a compelling investment opportunity, especially for long-term investors. With strong financial performance and promising future prospects, this IPO is one to watch. Don’t forget to stay updated with the latest GMP trends and other IPO details on our website. For more information on upcoming IPOs, allotment tips, and listings, check out our pages:
