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Arkade Developers Limited IPO And Its GMP
Arkade Developers Limited is a fast-growing real estate development Company with a significant presence in Mumbai, Maharashtra. Their operations are concentrated on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India’s commercial capital. As of July 31, 2023, they have developed 1.80 million square feet of residential property (including through partnership entities in which they hold the majority stake).
They are engaged in the development of new projects and redevelopment of existing premises and between 2017 and Q1 2023, they have launched 1,040 residential units and sold 792 residential units in different markets in the MMR, Maharashtra. In particular, they have established a successful track record of completing their projects on time and from CY 2003 to March 2023, they have completed the redevelopment of 9 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which they hold the majority stake) with a combined constructed area of 6,48,000 square feet. This track record has established them as one of the major players in redevelopment in the Mumbai western suburbs.
Arkade Developers IPO Summary:
• Issue Type: Book Built
• Total Issue Size: ₹410.00 crores
• Number of Shares: 3.2 crore shares (entirely a fresh issue)
• Price Band: ₹121 to ₹128 per share
• Minimum Lot Size: 110 shares
• IPO Opening Date: September 16, 2024
• IPO Closing Date: September 19, 2024
Key Details:
• Book Running Lead Manager: Unistone Capital Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Arkade Developers Limited IPO And Its GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-24 | 128 | 63 (49.22%) | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Arkade Developers Limited IPO And Its GMP Details
| Detail | Description |
|---|---|
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 153,626,016 |
| Shareholding post issue | 185,657,266 |
Arkade Developers Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Arkade Developers Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1540 | ₹197,120 |
| S-HNI (Min) | 15 | 1,650 | ₹211,200 |
| S-HNI (Max) | 71 | 7,810 | ₹999,680 |
| B-HNI (Min) | 72 | 7,920 | ₹1,013,760 |
Arkade Developers Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Arkade Developers Limited IPO And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 85.58% | 70.82% |
Arkade Developers IPO Anchor Investors Details
| Bid Date | September 13, 2024 |
| Shares Offered | 9,562,500 |
| Anchor Portion Size (In Cr.) | 122.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 19, 2024 |
Company & Financials
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.
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 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.
Competitive Strength:
- -
Arkade Developers Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 575.01 | 635.71 | 122.81 | 323.4 | 69.41 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 555.41 | 224.01 | 50.77 | 200.32 | 149 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 369.97 | 237.18 | 50.84 | 149.5 | 64.41 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 |
RHP:
DRHP:
Frequently asked Questions (FAQs )
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What is Arkade Developers IPO?
Arkade Developers IPO is a main-board IPO. The company is going to raise ₹410 Crores via IPO. The issue is priced at ₹121 to ₹128 per equity share. The IPO is to be listed on BSE & NSE.
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When will the Arkade Developers IPO open for subscription?
The IPO is to open on September 16, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 19, 2024.
-
What is Arkade Developers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Arkade Developer's IPO Issue Size?
Arkade Developers IPO issue size is ₹410 crores.
-
What is Arkade Developer's IPO Price Band?
Arkade Developers IPO Price Band is ₹121 to ₹128.
