Arkade Developers IPO
Arkade Developers IPO is listed on BSE and NSE, priced at ₹121–₹128 per share. The stock debuted at ₹175, delivering a listing gain of 36.7%. The IPO had a lot size of ₹110 shares and a minimum investment of ₹14,080.
Arkade Developers Limited IPO
- IPO Dates
- Sep 16, 2024 – Sep 19, 2024
- Price band
- ₹121-128 per equity share
- Minimum Investment
- ₹14,080
- Issue size
- ₹410 Cr
- Lot size
- 110
- Allotment Date
- Sep 20, 2024
- Listing
- Sep 24, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 16, 2024
Open Date
Completed
-
Sep 19, 2024
Close Date
Completed
-
Sep 20, 2024
Allotment Date
Completed
-
Sep 24, 2024
Listing Date
Completed
Price Summary
- Last closing
- 116.00 (-9.38%)
- 52 week high
- 213.69
- 52 week low
- 92.62
- Last update
Arkade Developers IPO Essentials
Arkade Developers IPO Details
Arkade Developers IPO is priced at ₹121-128 per share with a total issue size of 410 crore. The IPO has a lot size of 110 shares and is listed on BSE and NSE.
- Issue price
- ₹121-128 per equity share
- Lot size
- 110 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 32,031,250 shares(aggregating up to ₹410.00 Cr)
- Total issue size
- 3,20,31,250 shares
(aggregating up to ₹410 crore) - Fresh issue
- 3,20,31,250 shares
(aggregating up to ₹410 crore) - Listing at
- BSE, NSE
- List price
- 175.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Unistone Capital Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 110 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 110 | ₹14,080 |
| Retail(max) | 14 | 1540 | ₹1,97,120 |
Arkade Developers IPO Reservation
Arkade Developers IPO reservation details show category-wise allocation of shares. Out of the total 3,18,75,000 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 95,62,500 (30%) | |
| QIB Shares Offered | 63,75,000 (20%) | |
| NII (HNI) Shares Offered | 47,81,250 (15%) | |
| bHNI > ₹10L | 31,87,500 (10%) | 1,931 |
| sHNI < ₹10L | 15,93,750 (5%) | 965 |
| Retail Shares Offered | 1,11,56,250 (35%) | 1,01,420 |
| Total Shares Offered | 3,18,75,000 (100%) |
Arkade Developers IPO Analytics
Arkade Developers IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Arkade Developers IPO Subscription Status
Arkade Developers IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,375,000 |
4,781,250
3,187,500
1,593,750
|
11,156,250 | 22,312,500 |
|
Day 1
16-09-24 05:00 PM
|
0.23 x |
7.77x
5.49x
12.34x
|
7.98 x | 5.74 x |
|
Day 2
17-09-24 05:00 PM
|
0.44 x |
28.27x
21.85x
41.10x
|
20.00 x | 16.21 x |
|
Day 3
17-09-24 05:00 PM
|
0.61 x |
58.83x
49.14x
78.21x
|
33.28 x | 29.44 x |
|
Day 4
18-09-24 05:00 PM
|
163.16 x |
162.35x
160.65x
165.75x
|
49.81 x | 105.89 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 49,56,714 (Approx) | —x | —x | 47.89x |
Arkade Developers Valuations
Earnings
- EPS Pre IPO
- 7.99
- EPS Post IPO
- 6.61
- P/E Pre IPO
- 16.01
- P/E Post IPO
- 19.35
Returns
- ROE
- 46.90%
- ROCE
- 47.34%
- RoNW
- 46.90%
- PAT Margin
- 19.35
Fundamentals
- Debt / Equity
- 0.21
- Price / Book
- 6.02
Arkade Developers Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 575.01 | 555.41 | 369.97 |
| Revenue | 635.71 | 224.01 | 237.18 |
| Profit After Tax | 122.81 | 50.77 | 50.84 |
| Net Worth | 323.4 | 200.32 | 149.5 |
| Reserves & Surplus | 171.4 | 198.32 | 147.49 |
| Total Borrowing | 69.41 | 149.00 | 64.41 |
Arkade Developers Company & Offer Insights
About Arkade Developers
Arkade Developers is a real estate development company whose operations are concentrated on the development of premium residential premises in Mumbai, Maharashtra. As of July 31, 2023, they have developed over 1.80 million square feet of residential property (including via partnership entities in which they hold the majority stake). They are engaged in both the development of new projects and the redevelopment of existing premises. Between 2017 and Q1 FY 2023, they launched 1,040 residential units and sold 792 residential units in different markets in the Mumbai Metropolitan Region (MMR), Maharashtra.
They are currently developing projects that have a very broad per-unit price point, ranging from ₹9.44 million to ₹62.53 million. While their initial projects were stand-alone residential buildings, their portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown and Arkade Aspire, Arkade Prime, and Arkade Aura. They are currently developing approximately 2 million square feet across five ongoing projects and 2 upcoming projects for which development agreements have been executed already.
Between calendar year 2017 and Q1 FY 2023, the MMR territory has contributed the highest share of annual sales of residential units across the top seven cities in India, ranging from 27% to 32%. Therefore, the company is strategically placed to access a large part of the real estate development market in India.
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.
As of June 30, 2024, the company had 201 permanent employees and an additional 850 employees on a contract basis as of June 30, 2024.
Arkade Developers Promoter(s)
Mr. Amit Mangilal Jain are the company's promoters of Arkade Developers.
Arkade Developers IPO Issue Objectives
- •
- Funding is part of the costs to be incurred in developing the 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 and general corporate purposes.
Arkade Developers IPO - Anchor Investors
Arkade Developers IPO: Real Estate developer raises nearly ₹122.4 crore in anchor book.
The investor pool in Arkade Developers' anchor round includes Stern Global, BNP Paribas, Intuitive Alpha investments, Saint Capital, Societe Generale, NAV Capital, Visionary Value Fund, Gagandeep Credit Capital and Rajasthan Global Securities, according to the exchange filing.
Arkade Developers IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Arkade Developers Limited | 8.08 | 8.08 | 21.28 | N/A | 46.9 | N/A | Consolidated |
| Keystone Realtors Limited | 9.85 | 9.82 | 157.81 | 74.85 | 6.4 | N/A | Consolidated |
| Godrej Properties Ltd | 26.09 | 26.08 | 359.4 | 111.53 | 7.76 | N/A | Consolidated |
| Macrotech Developers Limited | 16.03 | 15.99 | 180.8 | 78.46 | 10.32 | N/A | Consolidated |
| Suraj Estate Developers Limited | 19.39 | 19.39 | 148.3 | 40.92 | 22.97 | N/A | Consolidated |
Notes:
- NAV is computed as the closing net worth (sum of equity share capital and other equity) divided by the weighted average outstanding number of equity shares as on March 31, 2024.
- The P/E Ratio has been computed based on the closing market price of equity shares on August 30, 2024, on www.bseindia.com, divided by the Diluted EPS as on March 31, 2023.
- RoNW is computed as net profit after tax and minority interest divided by average net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus. In case the net worth is negative for a particular year, the same has not been considered.
Arkade Developers IPO - Strengths and Risks
Arkade Developers IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Arkade Developers
+91 22 2887474
Arkade House, Opp. Bhoomi Arkade, Near Childrens Academy, Kandivali (East), Mumbai - 400101
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Arkade Developers IPO is a book-built IPO worth ₹410 crore. The price band is ₹121–₹128 per share. The IPO opens on Sep 16, 2024 and closes on Sep 19, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of Arkade Developers IPO is ₹121 to ₹128 per share.
The lot size of Arkade Developers IPO is 110 shares.
The minimum investment for Arkade Developers IPO is approximately ₹14,080 based on the upper price band .
Arkade Developers IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.
The allotment date of Arkade Developers IPO is Sep 20, 2024.
Arkade Developers IPO is expected to be listed on Sep 24, 2024, on BSE and NSE .
Arkade Developers IPO listed on Sep 24, 2024. It was issued at ₹175.0(NSE) and is currently around ₹116.00 as on 14-May-2026 3:30 PM, which is approximately -9.4% versus issue price. The 52-week high is ₹213.69.
Based on listing and post-listing performance, Arkade Developers IPO delivered around -9.4% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Arkade Developers IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Arkade Developers IPO valuation snapshot: P/E 19.35, EPS 6.61, P/B 6.02, RoNW 46.90%, and market cap N/A.
To apply for Arkade Developers IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Arkade Developers IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Arkade Developers IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Arkade Developers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Arkade Developers IPO allotment status on IPO Ji for quick and easy access.