About Arkade Developers:
The company is a rapidly growing real estate development firm with a significant presence in Mumbai, Maharashtra. It is involved in the development of new projects and the redevelopment of existing properties. Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets across the MMR, according to the Anarock Report. The firm has successfully completed the redevelopment of 10 projects in the western suburbs of Mumbai and one project in south-central Mumbai, through a partnership firm where it holds the majority stake, with a combined constructed area of approximately 1,000,000 square feet.
About the Industry in which Arkade Developers operates:
Mumbai is one of the largest and most expensive real estate markets in India, encompassing various micro-markets, including Mumbai City, its suburbs, extended suburbs, and neighboring areas such as Thane and Navi Mumbai. Between 2017 and 2019, the housing market in the MMR experienced gradual growth in both the supply and absorption of housing units, with absorption rates exceeding new residential supply. During this period, the MMR saw increases of 45% in housing supply and 42% in absorption.
| Important Information and Timelines of the IPO of Arkade Developers: | |
|---|---|
| Open Date | 16 September 2024 |
| Close Date | 19 September 2024 |
| Total Issue Size – Number of Shares | 32031250 |
| Minimum Bid Price | 121 |
| Maximum Bid Price | 128 |
| Lot Size | 110 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 23 September 2024 |
| Listing Date | 24 September 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Arkade Developers:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 110 | 14080 |
| Retail – Maximum | 14 | 1540 | 197120 |
| sHNI – Minimum | 15 | 1650 | 211200 |
| sHNI – Maximum | 71 | 7810 | 999680 |
| bHNI – Minimum | 72 | 7920 | 1013760 |
Objective of the IPO of Arkade Developers:
-
Funding Development Expenses.
-
Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes.
Financials of Arkade Developers:
| Particulars | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|
| Equity Share Capital | 1,520.00 | 20.00 | 20.00 |
| Net Worth | 3,234.02 | 2,003.17 | 1,494.95 |
| Revenue from Operations | 6,347.36 | 2,201.52 | 2,289.34 |
| Profit / (Loss) After Tax for the Period/Year | 1,228.08 | 507.66 | 508.44 |
| Earnings / (Loss) per Equity Share | |||
| - Basic | 8.08 | 3.34 | 3.32 |
| - Diluted | 8.08 | 3.34 | 3.32 |
| Net Asset Value per Equity Share | 21.28 | 13.18 | 9.84 |
| Total Borrowings | 694.10 | 1,489.95 | 644.13 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Arkade Developers. You will receive a UPI mandate after 10:00 AM on 16 September 2024.
###1. How to apply for the IPO of Arkade Developers on Dhan?
You can apply for the IPO of Arkade Developers from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Arkade Developers be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 23 September 2024. However, you will be able to see the shares of Arkade Developers on Dhan before the market starts on the listing date which is 24 September 2024.