Arkade Developers IPO is a book-built issue worth ₹410 crores, consisting entirely of a fresh issue of 3.2 crore shares.
The IPO will open for subscription on September 16, 2024, and close on September 19, 2024. The allotment is expected to be finalized by Friday, September 20, 2024. Arkade Developers is set to list on the BSE and NSE with a tentative listing date of Tuesday, September 24, 2024.
The price band is set at ₹121 to ₹128 per share, with a minimum application lot size of 110 shares. Retail investors need to invest a minimum of ₹14,080. For sNII, the minimum investment is ₹211,200 (15 lots or 1,650 shares), and for bNII, it’s ₹1,013,760 (72 lots or 7,920 shares).
Below are the details of Arkade Developers Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Arkade Developers Limited IPO Details
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 153,626,016 |
| Share holding post issue | 185,657,266 |
Arkade Developers Limited IPO Timeline
| IPO Open Date | Monday, September 16, 2024 |
| IPO Close Date | Thursday, September 19, 2024 |
| Basis of Allotment | Friday, September 20, 2024 |
| Initiation of Refunds | Monday, September 23, 2024 |
| Credit of Shares to Demat | Monday, September 23, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Arkade Developers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1540 | ₹197,120 |
| S-HNI (Min) | 15 | 1,650 | ₹211,200 |
| S-HNI (Max) | 71 | 7,810 | ₹999,680 |
| B-HNI (Min) | 72 | 7,920 | ₹1,013,760 |
Arkade Developers Limited IPO Anchor Investor
| Bid Date | September 13, 2024 |
| Shares Offered | 9,562,500 |
| Anchor Portion Size (In Cr.) | 122.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 19, 2024 |
Arkade Developers Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 95,62,500 (30%) | NA |
| QIB Shares Offered | 63,75,000 (20%) | NA |
| NII (HNI) Shares Offered | 47,81,250 (15%) | |
| bNII > ₹10L | 31,87,500 (10%) | 1,931 |
| sNII < ₹10L | 15,93,750 (5%) | 965 |
| Retail Shares Offered | 1,11,56,250 (35%) | 1,01,420 |
| Total Shares Offered | 3,18,75,000 (100%) |
Arkade Developers Limited IPO Promoter Holdings
Mr. Amit Mangilal Jain is the company promoter.
| Share Holding Pre Issue | 85.58% |
| Share Holding Post Issue | 70.82% |
Arkade Developers Limited IPO Financial Information
| 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 | ||||||||||||||||||||||||||||||
Arkade Developers Limited IPO Review
Arkade Developers Ltd. (ADL) is a Mumbai-based real estate company focused on premium residential projects and redevelopments. As of June 2024, it has developed 2.2 million sq. ft. of residential property. ADL has launched 1,220 units and sold 1,045 units between 2017 and Q1 2024, completing 28 projects over two decades. The company’s IPO, opening on September 16, 2024, aims to raise ₹410 crore with shares priced at ₹121-₹128. Funds will support ongoing projects and land acquisition. ADL reported FY24 income of ₹635.71 crore with a net profit of ₹122.81 crore, showing growth after static results in FY22 and FY23.