Arkade Developers Ltd. was incorporated on May 13, 1986. The company is a real estate developer focused on premium lifestyle residential projects in Mumbai, Maharashtra. Its business is divided into two main categories: (i) developing new residential projects on company-owned land, and (ii) redeveloping existing properties.
| Bidding Dates |
|---|
| 16 Sep 2024 - 19 Sep 2024 |
| Subscription |
|---|
| 106.83x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,310 | 1 | 14 | 110 | 32.0 M | ₹121 - ₹128 | 70.82 % | ₹3875.8 M - ₹4100.0 M | RHP DOC |
Arkade Developers Ltd. IPO SUBSCRIPTION STATUS
19 Sep '24Arkade Developers Ltd. IPO overall subscription rate was 106.83 times the total available shares
Arkade Developers Ltd. IPO retail subscription rate was 51.39 times in the retail segment
Arkade Developers Ltd. IPO non-institutional investor subscription rate was 163.02 times in the non-institutional investor category
Arkade Developers Ltd. IPO Qualified Institutional Bidder subscription rate was 163.16 times the available shares for Qualified Institutional Bidder
Arkade Developers Ltd. IPO Employees subscription rate was 50.49 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
19 Sep 2024 (Day 4) | 51.39x | 163.02x | 163.16x | 50.49x |
18 Sep 2024 (Day 3) | 33.28x | 58.83x | 0.61x | 31.47x |
17 Sep 2024 (Day 2) | 20x | 28.27x | 0.44x | 19.25x |
16 Sep 2024 (Day 1) | 8.01x | 7.79x | 0.23x | 7.61x |
Arkade Developers Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 1,228.1 | 6,347.4 | 1,014.9 | 905.3 | 26.7% |
| FY23 | 507.7 | 2,201.5 | -987.0 | -993.1 | 31.0% |
| FY22 | 508.4 | 2,289.3 | -1,231.8 | -1,247.4 | 30.6% |
Arkade Developers Ltd. IPO SUBSCRIPTION STATUS DETAILS
Arkade Developers Ltd. had 32.0 M shares on offer
Arkade Developers Ltd. IPO offer price was in the range ₹121 - ₹128
Arkade Developers Ltd. IPO minimum Investment was ₹13310
Arkade Developers Ltd. IPO issue size was ₹ 3875.8 M - ₹ 4100.0 M
Arkade Developers Ltd. had a minimum lot size of 110 Shares per application
Arkade Developers Ltd. NUMBER OF SHARES ON OFFER
Arkade Developers Ltd. IPO IMPORTANT DATES
| Issue Open Date | 16 Sep 2024 |
| Issue close Date | 19 Sep 2024 |
| Allotment Date | 20 Sep 2024 |
| Refund Date | 23 Sep 2024 |
| Demat Account Credit Date | 23 Sep 2024 |
| Listing Date | 24 Sep 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Arkade Developers Ltd. Allotment Status | Exchange |
Arkade Developers Ltd. IPO subscription opened on 16 Sep 2024, and closed on 19 Sep 2024
IPO allotment for Arkade Developers Ltd. was finalized on Friday, 20 Sep 2024
IPO listing for Arkade Developers Ltd. was on NSE and BSE on Tuesday, 24 Sep 2024
Arkade Developers Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 128.0 |
| Listing Open Price | 175.0 |
| Listing Close Price | 165.9 |
| Listing Gain% | 36.7% |
| Current Gain% | 9.4% |
Arkade Developers Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Arkade Developers Ltd. | 140 | 2599.6 | 492 | -5.1 | 3.2 | 0.6 | 0.5 | 828.2 | 19.2 | 5.3 | -96.6 | 0.3 | -96.6 |
| DLF Ltd. | 642 | 158915 | 35.7 | -41.3 | 23.5 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1218.7 | 121763.9 | 29.5 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1584.8 | 68262.1 | 59.9 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1895.5 | 67795.2 | 53 | 1.8 | 14.9 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1775 | 64539.4 | 24.5 | 0.9 | 10.2 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Arkade Developers Ltd. INFORMATION ON IPO ISSUE
About Arkade Developers Ltd.
Arkade Developers Ltd. was incorporated on May 13, 1986. The company is a real estate developer focused on premium lifestyle residential projects in Mumbai, Maharashtra. Its business is divided into two main categories: (i) developing new residential projects on company-owned land, and (ii) redeveloping existing properties.
Object of the Issue
- Funding a part of the costs to be incurred in the development of its 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
- General corporate purposes
Arkade Developers Ltd. - PROMOTERS
| Name |
|---|
| Amit Mangilal Jain |
Arkade Developers Ltd. Book running lead manager
Unistone Capital Private Limited
mb@unistonecapital.com
Arkade Developers Ltd. Registrar to the issue
Bigshare Services Private Limite
ipo@bigshareonline.com
Arkade Developers Ltd. Strengths
Leading player in micro-market
The company is an established developer of new and redevelopment projects in the Mumbai Metropolitan Region (MMR), Maharashtra, which is India's commercial capital and one of the highest-density cities in the country.
In-house resources
The company has adopted an integrated business model, using in-house resources to manage projects from initiation to completion. These resources include legal, business development, purchase and contracts, and sales and marketing teams.
Timely completion of projects
A key factor in their success and growth has been their ability to consistently deliver projects on or ahead of schedule.
High employee benefits expenses
The company has a large workforce, and employee benefits expense is a significant component of its fixed operating costs.
Arkade Developers Ltd. Risks
Rely on third party contractors
The company relies on third-party contractors for project construction, and any delays or failures by these contractors to meet their obligations could adversely affect its financial condition and business.
Competitive industry
The company operates in a competitive industry with numerous entities offering competing projects in the Mumbai Metropolitan Region (MMR) and surrounding areas.
IPO FAQs
The promoter of the company is Amit Mangilal Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 121.0 - 128.0.
The IPO application opens on Sep 16, 2024 and closes on Sep 19, 2024.
The minimum lot size for the IPO is 110. The maximum lot size for the IPO is 1540.
For all category investors, the minimum application amount for this IPO is Rs. 13,310.0, the maximum value for this IPO is Rs 197,120.0.
This IPO will be allotted on Sep 20, 2024.
The refund will be credited to your account on Sep 23, 2024.
The allotted shares will be credited to your demat on Sep 23, 2024.
Arkade Developers Ltd.’s shares listed on the stock exchanges on Sep 24, 2024.