UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Offer Date | Sep 16 - Sep 19, 2024 |
Offer Price | ₹ 121-128 |
Lot Size | 110 |
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Arkade Developers Limited IPO
Mainboard LiveOffer Date: Sep 16, 2024 - Sep 19, 2024
Exp. Premium: 83-85 (64.84%)
₹ 14080 /110 Shares
Apply*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Arkade Developers IPO Live Subscription Details
Date
:18 Sep 2024,05:00:00 PM
QIBs
:0.61
NII
:NII (bids above ₹10L): 49.14x
NII (bids below ₹10L): 78.21x
NII Total: 58.83
NII (bids below ₹10L): 78.21x
NII Total: 58.83
Retail
:33.28x
Employee
:31.47x
Total
:29.44 times
Arkade Developers IPO Details
16 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DateIssue Price
₹121-128 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdMarket Lot
Retail : 110 Shares (₹14,080/-)S-HNI : 1,650 Shares (₹2,11,200/-)
B-HNI : 7,920 Shares (₹10,13,760/-)
Lead Manager
Unistone Capital Pvt LtdIssue Size
32,031,250 shares(aggregating up to ₹410.00 Cr)Retail Portion
35% (Number of Retail Applications: 1,01,420 Approx),(Number of S-HNI Applications : 966 Approx),
(Number of B-HNI Applications : 1,932 Approx)
Subscription
29.44 timesArkade Developers IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,375,000 | 4,781,250 3,187,500 1,593,750 | 11,156,250 | 22,312,500 |
| Day 1 - 16-09-24 05:00 PM | 0.23 x | 7.77 5.49 x 12.34 x | 7.98 x | 5.74 x |
| Day 2 - 17-09-24 05:00 PM | 0.44 x | 28.27 21.85 x 41.10 x | 20.00 x | 16.21 x |
| Day 3 - 17-09-24 05:00 PM | 0.61 x | 58.83 49.14 x 78.21 x | 33.28 x | 29.44 x |
Total No. of Applications: 34,89,864 (Approx)
Arkade Developers Valuations
EPS Pre IPO
7.99EPS Post IPO
6.61P/E Pre IPO
16.01P/E Post IPO
19.35RoNW
46.90%Arkade Developers Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 575.01 | 555.41 | 369.97 |
| Revenue | 635.71 | 224.01 | 237.18 |
| Profit After Tax | 122.81 | 50.77 | 50.84 |
About The Company
Arkade Developers is a real estate development company whose operations are concentrated on the development of premium residential premises in Mumbai, Maharashtra. As of July 31, 2023, they have developed over 1.80 million square feet of residential property (including via partnership entities in which they hold the majority stake). They are engaged in both the development of new projects and the redevelopment of existing premises. Between 2017 and Q1 FY 2023, they launched 1,040 residential units and sold 792 residential units in different markets in the Mumbai Metropolitan Region (MMR), Maharashtra.
They are currently developing projects that have a very broad per-unit price point, ranging from ₹9.44 million to ₹62.53 million. While their initial projects were stand-alone residential buildings, their portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown and Arkade Aspire, Arkade Prime, and Arkade Aura. They are currently developing approximately 2 million square feet across five ongoing projects and 2 upcoming projects for which development agreements have been executed already.
Between calendar year 2017 and Q1 FY 2023, the MMR territory has contributed the highest share of annual sales of residential units across the top seven cities in India, ranging from 27% to 32%. Therefore, the company is strategically placed to access a large part of the real estate development market in India.
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 - Strength and Weakness
Strength
The company is strategically located in one of the most high-value real estate markets in India. Within this market, they are focused on projects that are premium properties, i.e. higher on the value chain. Therefore, they are very well placed in the market and have a strong brand for premium quality.
The company’s promoter is a second-generation real estate entrepreneur with 20 years of experience. His family has been in this business since 1986.
They have built major in-house resources, including their legal team, business development, purchase and contracts, and sales and marketing teams.
Weakness
The risk of not being able to complete projects on time is significant in the real state development market as it increases the scope of the volatility in the prices of both land and raw materials. It also tarnishes the image of the developer and may activate the effects of penalty clauses.
The company does not enter into any long-term agreements for the supply of labour and key materials for the construction of projects. Therefore, there is the risk of a significant increase in prices or the shortage of labour or key materials for construction.
Arkade Developers - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Arkade Developers | 6.02 | 19.35 | 46.90% | 636 |
| Keystone Realtors | 4.51 | 99.2 | 6.40% | 2,372 |
| Godrej Properties | 8.04 | 71.5 | 6.79% | 2,839 |
| Macrotech Developers | 6.81 | 61.5 | 10.7% | 11,545 |
| Suraj Estate | 6.72 | 41.8 | 23.0% | 443 |
Arkade Developers - Promoter(s)
Pre Issue Share Holding: 85.58%
Post Issue Share Holding: N/A%
Company Promoter(s)
- Mr. Amit Mangilal Jain
Arkade Developers IPO - Issue Objectives
- 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).
- Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes.
Arkade Developers IPO - Anchor Investors
Arkade Developers IPO: Real Estate developer raises nearly ₹122.4 crore in anchor book.
The investor pool in Arkade Developers' anchor round includes Stern Global, BNP Paribas, Intuitive Alpha investments, Saint Capital, Societe Generale, NAV Capital, Visionary Value Fund, Gagandeep Credit Capital and Rajasthan Global Securities, according to the exchange filing.
The investor pool in Arkade Developers' anchor round includes Stern Global, BNP Paribas, Intuitive Alpha investments, Saint Capital, Societe Generale, NAV Capital, Visionary Value Fund, Gagandeep Credit Capital and Rajasthan Global Securities, according to the exchange filing.
Other Details
Company Contact Details
Arkade Developers
Arkade House, Opp. Bhoomi Arkade, Near Childrens Academy, Kandivali (East), Mumbai - 400101Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Arkade Developers IPO - FAQs
Ans. Arkade Developers Limited IPO is a Mainboard IPO. The issue is priced at ₹121-128 per equity share. The minimum order quantity is 110 Shares. The IPO opens on Sep 16, 2024, and closes on Sep 19, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Arkade Developers Limited IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.
Ans. The size of Arkade Developers Limited IPO is 32,031,250 shares(aggregating up to ₹410.00 Cr).
Ans. The IPO price band is set between ₹121-128 per equity share.
Ans. To apply for Arkade Developers Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Arkade Developers Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Arkade Developers Limited IPO is Sep 20, 2024.
Ans. The Arkade Developers Limited IPO will be listed on Sep 24, 2024.
Ans. Follow the steps to check the allotment status for Arkade Developers Limited IPO here.
