/ 110 Shares
16-Sep-2024 - 19-Sep-2024
₹ 121 - ₹ 128
₹ 14080.00
110
31,875,000
Face Value - ₹ 10/- Per Share
Listing at NSE BSE
101,420 Application Required in Retail for 1 Time.
Registrar : Bigshare Services Pvt. Ltd
Fresh Issue of Equity Shares aggregating upto Rs. 410 Cr
| Category | % | Shares/Amount |
|---|---|---|
| QIB | 50% | 15,937,500 Shares Rs.204.00 Cr |
| HNI 1 | 5% | 1,593,750 Shares Rs.20.40 Cr @ 966 Form 1X |
| HNI 2 | 10% | 3,187,500 Shares Rs.40.80 Cr @ 1932 Form 1X |
| Retail | 35% | 11,156,250 Shares Rs.142.80 Cr @ 101420 Form 1X |
BRLMs: Unistone Capital
| Retail (Upto 2 Lakh) | HNI (2 Lakh to 10 Lakh) | HNI (Above 10 Lakh) |
|---|---|---|
| 101420 Form 1X | 966 Form 1X | 1932 Form 1X |
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Upto 2 Lakh) | 1 | 110 | ₹ 14,080 |
| Retail (Upto 2 Lakh) | 14 | 1540 | ₹ 197,120 |
| S-HNI (2 Lakh to 10 Lakh) | 15 | 1650 | ₹ 211,200 |
| S-HNI (2 Lakh to 10 Lakh) | 71 | 7810 | ₹ 999,680 |
| B-HNI (Above 10 Lakh) | 72 | 7920 | ₹ 1,013,760 |
19-Sep-2024 17:17
| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 6,375,000 ₹ 81.60 Cr. | 1,100,300,410 ₹ 14083.85 Cr. | 172.60x |
| HNI (<10 LAKH) | 1,593,750 ₹ 20.40 Cr. | 280,071,440 ₹ 3584.91 Cr. | 175.73x |
| HNI2 (>10 LAKH) | 3,187,500 ₹ 40.80 Cr. | 541,711,170 ₹ 6933.90 Cr. | 169.95x |
| RETAIL | 11,156,250 ₹ 142.80 Cr. | 590,982,700 ₹ 7564.58 Cr. | 52.97x |
| Total | 22,312,500 | 2,513,065,720 | 112.63x |
| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 6,375,000 ₹ 81.60 Cr. | 1,100,300,410 ₹ 14083.85 Cr. | 172.60x |
| HNI (<10 LAKH) | 1,593,750 ₹ 20.40 Cr. | 280,071,440 ₹ 3584.91 Cr. | 175.73x |
| HNI2 (>10 LAKH) | 3,187,500 ₹ 40.80 Cr. | 541,711,170 ₹ 6933.90 Cr. | 169.95x |
| RETAIL | 11,156,250 ₹ 142.80 Cr. | 590,982,700 ₹ 7564.58 Cr. | 52.97x |
| Total | 22,312,500 | 2,513,065,720 | 112.63x |
*Excluding Anchor
Total No. of Application Approx : ~4843184 (47.75 Appwise)
Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.
Established on May 13, 1986, Arkade Developers is a real estate development Company concentrating on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India’s commercial capital. Their business can broadly be classified into 2 categories:
- Development / construction of residential premises on land acquired by Arkade (New Projects),
- Redevelopment of existing premises (Redevelopment Projects).
As on June 30, 2024, they have developed 2.20 msf of residential property (including through partnership entities in which Arkade holds the majority stake).
They are engaged in the development of new projects and redevelopment of existing premises, and between 2017 and Q1 2024, they have launched 1,220 residential units and sold 1,045 residential units in different markets in MMR, Maharashtra (“MMR”).
In total, the Arkade Group has successfully undertaken 17 new development projects (from 2003 to March 2024) within the Mumbai city: 14 in the Mumbai Western-Suburbs, 2 in the South-central Mumbai and 1 in the Mumbai Eastern-Suburbs. These projects, amounting to a combined constructed area of 36.3 lakh sq.ft, were completed, and delivered on time.
Similarly, the Arkade Group has successfully undertaken 10 redevelopment projects (from 2003 to March 2024) within the Mumbai city: 9 in the Mumbai Western-Suburbs and 1 in the South-central Mumbai. These projects, amounting to a combined constructed area of 6.43 lakh square feet, were effectively completed, and delivered on time.
Company’s current portfolio of Ongoing Projects includes gated communities such as Arkade Nest, Arkade Aspire, Arkade Prime and Arkade Aura. In the last 2 decades they have completed 28 projects, 8 projects executed by the Promoter through his proprietorship, Arkade Creations, and 9 projects through joint development arrangements with other third parties aggregating more than 4.5 msf of development and have catered to more than approximately 4,000 customers.
As of June 30, 2024, out of 6 projects that are currently under-development 3 are New Projects and 3 are Redevelopment Projects constituting 50% each of their under-development projects
Competitive Strength
Strategic location of projects in micro-markets of MMR, Maharashtra;
The leading player and amongst Top 10 developers in terms of supply in select micro-markets of, and an established developer in, MMR;
Experienced Promoter and strong and technically proficient management team;
Strong in-house resources;
Timely completion of projects.
Business Strategies
Continue to expand in the eastern region of MMR;
Moving up the value chain to premium / luxury residential premises;
Continue to focus on blended business model.
Arkade Developers Limited's revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Once you create your account, Login to InvestoYard.
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
Enter your UPI ID and you will receive mandate on your UPI App.
Once you accept the mandate, Application is submitted successful.
How to Apply for IPOs on InvestoYard
Step 01 : Once you create your account, Login to InvestoYard.
Step 02 : Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
Step 03 : Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
Step 04 : Enter your UPI ID and you will receive mandate on your UPI App.
Step 05 : Once you accept the mandate, Application is submitted successful.
