Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.
The company’s business can be divided into two segments:
- Development/construction of residential buildings on land acquired by the company (new projects); and
- Redevelopment of existing buildings (Redevelopment Projects).
The company is involved in the development of new projects and the redevelopment of existing buildings. Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets in MMR, Maharashtra. As of June 30, 2024, the company has developed 2.20 million square feet of residential properties. From CY 2003 to March 2024, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company held a majority stake) with a total built-up area of 1,000,000 square feet (approx.).
In the last two decades, the Company has completed 28 projects including 11 projects on a standalone basis including 2 projects executed through partnership firms in which the Company held a majority stake, 8 projects executed by the promoter through his proprietorship, M/s Arkade Creations, and 9 projects through joint development agreements with other third parties with a total built-up area of more than 4.5 million square meters awarded to more than 4,000 customers.
As of June 30, 2024, the company had 201 permanent employees and an additional 850 employees on a contract basis as of June 30, 2024.
Arkade Developers IPO – Details
| IPO Opening Date | 16 September 2024 |
| IPO Closing Date | 19 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 3,20,31,250 Shares Worth ₹410.00 Crore Fresh Issue: 3,20,31,250 Shares Worth ₹410.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 – ₹128 per share |
| Market Lot | 110 Shares |
| Min Order | 110 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Employee Discount | ₹5 |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Arkade Developers IPO – Date Schedule
| IPO Open Date | 16 September 2024 |
| IPO Close Date | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refund | 23 September 2024 |
| Credit of Shares to Demat Account | 23 September 2024 |
| IPO Listing Date | 24 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Arkade Developers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1,540 | ₹1,97,120 |
| S-HNI (Min) | 15 | 1,650 | ₹2,11,200 |
| S-HNI (Max) | 71 | 7,810 | ₹9,99,680 |
| B-HNI (Min) | 72 | 7,920 | ₹10,13,760 |
Competitive Strengths
- Strategic location of projects in micro markets of MMR, Maharashtra;
- The company is a leading player and amongst top 10 developers in terms of supply in select micro markets of, and an established developer in, the MMR, Maharashtra;
- Experienced Promoter and strong and technically proficient management team;
- Strong in-house resources;
- Timely completion of projects.
Company Promoters
- Mr. Amit Mangilal Jain
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 237.18 | 178.88 | 50.84 | 64.41 |
| 31 March 2023 | 224.01 | 161.41 | 50.76 | 149.00 |
| 31 March 2024 | 635.71 | 471.56 | 122.80 | 69.41 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.90% |
| ROCE | 47.34% |
| Debt/Equity | 0.21 |
| RoNW | 46.90% |
| P/BV | 6.02 |
| PAT Margin (%) | 19.35 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 7.99 | 6.61 |
| P/E (x) | 16.01 | 19.35 |
Object Of The Issue
- Funding is part of the costs to be incurred in developing the Ongoing Projects (viz. Arkade Nest, Prachi CHSL, and C-Unit) (Funding Development Expenses); and
- Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes.
Arkade Developers IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Keystone Realtors Limited | 74.85 |
| 2 | 5 | Godrej Properties Limited | 111.53 |
| 3 | 10 | Macrotech Developers Limited | 78.46 |
| 4 | 5 | Suraj Estate Developers Limited | 40.92 |
Arkade Developers IPO Promoter Holding
| Pre Issue Share Holding | 85.58% |
| Post Issue Share Holding | 70.82% |
Arkade Developers IPO Prospectus
Company Contact Information
| Arkade Developers Limited Arkade House, Opp. Bhoomi Arkade, Near Children�s Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai – 400101 Phone: +91 22 2887474 Email: cs@arkade.in Website: http://www.arkade.in/ |
Arkade Developers IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Arkade Developers IPO Lead Manager(s)
| 1. Unistone Capital Pvt Ltd |
Arkade Developers IPO FAQs
| What is Arkade Developers IPO? Arkade Developers IPO is a main-board IPO. The issue is priced at ₹121 to ₹128 per equity share. The IPO is to be listed on BSE & NSE. |
| When Arkade Developers IPO will open? The IPO is to open on 16 September 2024 for QIB, NII, and Retail Investors. |
| What is Arkade Developers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Arkade Developers IPO? You can apply Arkade Developers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Arkade Developers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Arkade Developers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Arkade Developers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Arkade Developers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Arkade Developers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Arkade Developers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Arkade Developers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Arkade Developers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Arkade Developers IPO Size? Arkade Developers IPO size is ₹410.00 Crore. |
| What is Arkade Developers IPO Price Band? Arkade Developers IPO Price Band is ₹121 to ₹128. |
| What is Arkade Developers IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 110 Shares with ₹14,080 amount while the maximum bid is 1,540 Shares with ₹1,97,120. |
| What is the Arkade Developers IPO Allotment Date? Arkade Developers IPO allotment date is 20 September 2024. |
| What is the Arkade Developers IPO Listing Date? Arkade Developers IPO listing date is 24 September 2024. The IPO is to be listed on BSE and NSE. |
