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Arkade Developers IPO
Arkade Developers Ltd
₹13,310 /110 sharesMinimum investment
IPO details
Minimum investment
₹13,310
Price range
₹121 - ₹128
Lot size
110
Issue size
410 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers105.31x
Non-Institutional Investor134.86x
Retail Individual Investor46.22x
Employees42.35x
Total81.81x
As of 19 Sep'24, 05:00 PM
Schedule
16 Sep 2024
IPO open date
19 Sep 2024
IPO close date
20 Sep 2024
Allotment date
20 Sep 2024
Funds unblock or debit
24 Sep 2024
Tentative listing date
About
Founded in
1986
MD/CEO
Mr. Amit Mangilal Jain
Parent organisation
Arkade Developers Ltd
Arkade Developers Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Starting off with the construction of standalone residential buildings, the company has diversified, and its current portfolio includes gated communities such as Arkade Nest, Arkade Aspire, Arkade Prime, and Arkade Aura.
Arkade Developers claims to have expanded its in-house capabilities, due to which it can now oversee every phase of project development—from conceptualisation to completion—covering land acquisition, legal matters, construction, and marketing and sales.
The company has also established an integrated project management team in-house, focusing on improving procurement processes, vendor selection, and managing construction activities.
The company, its subsidiaries, promoters, and directors are involved in certain outstanding legal proceedings. Any adverse judgments in any of these cases could prove to be detrimental to the company’s business prospects.
The company's major revenue from operations relies on redevelopment projects and new projects. The former contributed 33.15% and 41.48% in FY24 and FY23 to the revenue from operations, respectively, while the latter contributed 66.85%, 58.52%, and 100% in FY24, FY23, and FY22, respectively, to revenue from operations. Any failure to identify suitable redevelopment projects or acquire land for new development can be detrimental to the company’s growth and business performance.
The activities of Arkade Developers are concentrated entirely in the Mumbai Metropolitan Region (MMR). Any adverse developments in this location's real estate, social, and political environment can negatively impact the business.
Some of the company’s ongoing projects require approvals or permits. Any delay or failure to obtain them can extend the project timelines, which will harm the company’s operations and business prospects.
As of June 30, 2024, the company had outstanding loans amounting to Rs 94.25 crore, respectively. Any inability to service or repay these loans could adversely affect the business.
Application details
For Arkade Developers IPO, eligible investors can apply as Regular & Employee.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹121 - ₹128 | Upto ₹2 Lakhs | 110 |
| Employee | ₹116 - ₹123 | Upto ₹2 Lakhs | 110 |
| High Networth Individual | ₹121 - ₹128 | ₹2 - ₹5 Lakhs | 110 |