Arkade Developers Limited IPO: Analysis, GMP & Subscription Status
Introduction
Arkade Developers Limited, a prominent real estate developer in India, is set to launch its Initial Public Offering (IPO) on Monday, September 16, 2024. The company, with a strong presence in residential, commercial, and industrial projects, has earned a reputation for delivering high-quality constructions across major cities. This blog provides a complete overview of the IPO, financial performance, and other key details.
Arkade Developers Limited IPO Details
- 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
- Price Band: ₹121 to ₹128 per share
- Face Value: ₹10 per share
- Lot Size: 110 shares
- Total Issue Size: 32,031,250 shares, aggregating up to ₹410.00 Crores
- Fresh Issue: 32,031,250 shares, aggregating up to ₹410.00 Crores
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
- Pre-Issue Shareholding: 153,626,016 shares
- Post-Issue Shareholding: 185,657,266 shares
Financial Performance
Here’s a summary of Arkade Developers Limited’s financial performance over the last three fiscal years:
| Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
| Assets (₹ Cr) |
575.01 |
555.41 |
369.97 |
| Revenue (₹ Cr) |
635.71 |
224.01 |
237.18 |
| Profit After Tax (₹ Cr) |
122.81 |
50.77 |
50.84 |
| Net Worth (₹ Cr) |
323.4 |
200.32 |
149.5 |
| Reserves and Surplus (₹ Cr) |
171.4 |
198.32 |
147.49 |
| Total Borrowing (₹ Cr) |
69.41 |
149 |
64.41 |
These financials reflect a strong growth trajectory for the company, with a significant increase in revenue and profit after tax in the fiscal year 2024.
Objectives of the IPO
The primary objectives for the funds raised through the IPO are as follows:
- Financing new real estate development projects.
- Repaying existing borrowings.
- General corporate purposes.
IPO Grey Market Premium (GMP)
| Date |
GMP (₹ per share) |
| September 16 |
₹86 |
| September 17 |
₹86 |
| September 18 |
₹85 |
| September 19 |
₹60 |
Note: The Grey Market Premium (GMP) reflects the premium at which shares are trading in the unofficial market. The GMP will be updated as it becomes available.
Subscription Stats
| Date |
QIB Subscription |
NII Subscription |
Retail Subscription |
Total Subscription |
| Day 1 |
0.25 |
8.42 |
8.75 |
6.31 |
| Day 2 |
0.32 |
22.25 |
17.97 |
13.97 |
| Day 3 |
0.48 |
47.39 |
30.02 |
25.51 |
| Last day |
172.60 |
172.22 |
53.78 |
113.49 |
These subscription numbers will be updated during the IPO period to reflect investor interest across various categories.
How to Apply for the Arkade Developers Limited IPO
Retail investors can apply for Arkade Developers Limited IPO through the ASBA (Application Supported by Blocked Amount) process or via the UPI (Unified Payments Interface) system.
Steps to Apply:
- ASBA Process: Log in to your net banking portal and select the IPO application option. Choose Arkade Developers Limited IPO from the list, and enter your bid details (number of shares and price). Ensure you have sufficient funds in your account for the blocked amount.
- UPI Process: Apply through a registered broker app or the stock exchanges' platform, enter your UPI ID, and approve the mandate on your UPI app.
Ensure you complete the process before the cut-off time for UPI mandate confirmation, which is 5 PM on September 19, 2024.
Company Overview
Arkade Developers Limited is a well-established real estate developer with a diverse portfolio of residential, commercial, and industrial projects. Based in Mumbai, the company has consistently delivered high-quality constructions to meet the needs of both individual home buyers and corporate clients. Known for its commitment to timely project delivery and customer satisfaction, Arkade Developers is at the forefront of urban development in major cities across India. With a focus on modern and sustainable building practices, the company aims to shape the future of real estate in the country.
Conclusion
Arkade Developers Limited IPO presents a valuable opportunity for investors interested in the booming real estate market. The company’s solid financial performance, along with its strong project pipeline, positions it well for future growth. As always, investors should perform due diligence and consult with financial advisors before making any investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult financial advisors before investing.
Headlines
- Arkade Developers Limited IPO 2024: Dates, Price, Financials, and How to Apply
- Why You Should Consider Investing in Arkade Developers Limited IPO
- Arkade Developers Limited IPO: Key Dates, Price Band, and Subscription Stats
- Arkade Developers IPO Review: Financial Performance and Growth Prospects
- Arkade Developers Limited IPO 2024: All You Need to Know