Arkade Developers IPO Overview: Arkade Developers Limited is a Mumbai-based real estate development company. The company builds residential buildings, commercial apartments in Mumbai city. It has planned to raise ₹410 crore through the public issue. which is going to be open on September 16, 2024 and close on September 19, 2024. The share allotment date is September 10, 2024 and the listing date is September 24, 2024.
Arkade Developers IPO is a fresh-issue and book-built issue initial public offering (IPO), with a total issue size of ₹410 crore for 3.2 crore shares. . The price band of the Arkade Developers Limited IPO is set at ₹121 to ₹128 per share and it will be listed on BSE & NSE.
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Arkade Developers IPO Details
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Arkade Developers Limited IPO.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 Shares |
| Total Issue Size | ₹410 crore for 32,031,250 shares |
| Fresh Issue | ₹410 crore for 32,031,250 shares |
| Issue Type | Book-Built Issue IPO |
| Overall Subscription | 29.36x |
| Listing At | BSE, NSE |
Arkade Developers IPO Important Dates
The opening date of the Arkade Developers IPO is Monday, September 16, 2024 and the closing date is Thursday, September 19, 2024. The basic allotment date of the IPO is Friday, September 20, 2024 and the listing date is Tuesday, September 24, 2024.
All the important dates regarding the Arkade Developers Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| 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 |
Arkade Developers IPO GMP Today
The last updated Grey Market Premium (GMP) for the Arkade Developers Limited IPO is up to ₹109.
The following table displays the trend of the Arkade Developers Limited IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 18, 2024 | ₹121 to ₹128 | ₹109 |
| September 17, 2024 | ₹121 to ₹128 | ₹94 |
| September 16, 2024 | ₹121 to ₹128 | ₹92 |
| September 15, 2024 | ₹121 to ₹128 | ₹97 |
Arkade Developers IPO Lot Size
Northern Arc Capital IPO offers a minimum of 110 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 14 lots, while high-net-worth individuals (HNIs) can apply for a minimum of 15 lots and a maximum of 71 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| 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 |
Arkade Developers Limited Financial & KPI Reports
In FY2024, company revenue has increased by 183.84%, almost 2 times and the total debts of the company have decreased to ₹69.41 crore from ₹149 crore.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | ₹575.01 Cr | ₹555.41 Cr |
| Revenue | ₹635.71 Cr | ₹224.01 Cr |
| Profit After Tax | ₹122.81 Cr | ₹50.77 Cr |
| Total Borrowing | ₹69.41 Cr | ₹149 Cr |
| KPI | 31 Mar 2024 | 31 Mar 2023 | Change (%) |
|---|---|---|---|
| Return on Assets (ROA) | 21.36% | 9.14% | +12.22% |
| Debt to Equity Ratio | 0.21 | 0.74 | -71.62% |
| Return on Equity (ROE) | 37.98% | 25.35% | +12.63% |
| Asset Turnover Ratio | 1.11x | 0.40x | +177.5% |
| Current Ratio | 8.28 | 3.73 | +121.97% |
| EBITDA Growth | ₹215.6 Cr | ₹90.2 Cr | +139.05% |
| Interest Coverage Ratio | 18.1 | 7.5 | +141.33% |
About Arkade Developers Limited
Arkade Developers Limited is a Mumbai-based real estate development company. The company builds residential buildings, commercial apartments in Mumbai city. It is a leading real estate company in Mumbai. Mr. Mangilal Jain and Mr. Amit Jain have led the company.
FAQs
1. How to apply for the Arkade Developers Limited IPO?
Ans: You can easily apply for Arkade Developers IPO with your Demat account & Internet banking.
2. What is the GMP price of the Arkade Developers IPO?
Ans: The latest GMP price of the Arkade Developers IPO is ₹109.
3. What are the opening and closing dates of the Arkade Developers IPO?
Ans: Arkade Developers Limited IPO will open on September 16, 2024 & close on September 19, 2024.
Conclusion
This page covers all the relevant information related to the Arkade Developers Limited IPO. To get more information and regular updates on the Arkade Developers IPO, keep in touch with The Invest Advisory. Check out Upcoming IPO Lists as well as the IPO Grey Market Premium.