Arkade Developers IPO GMP, Price, Allotment, Profit Estimate 2024

Arkade Developers IPO Description – Arkade Developers is a rapidly expanding real estate development firm with a notable presence in Mumbai, Maharashtra. The company focuses on developing new projects and redeveloping existing properties. Between 2017 and Q1 2024, it launched 1,220 residential units and sold 1,045 residential units across various markets in the Mumbai Metropolitan Region (MMR), Maharashtra.

As of 30 June 2024, Arkade Developers had developed 2.20 million square feet of residential property, including projects in partnership entities where it holds the majority stake. Additionally, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai, with a combined constructed area of 648,000 square feet.

The company’s current portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown, Arkade Aspire, Arkade Prime, and Arkade Aura. Arkade Developers has completed 28 projects, including stand-alone projects executed by its promoter through their proprietorship, and/or through joint development arrangements with other third parties. These projects aggregate more than 4.5 million square feet of development and have catered to approximately 4,000 customers.

Currently, Arkade Developers is developing approximately 3.7 million square feet across 6 ongoing projects. As of 30 June 2024, the company had 201 permanent employees.

Promoters of Arkade Developers – Amit Mangilal Jain

Arkade Developers IPO Details

Arkade Developers IPO Dates	16 – 19 September 2024
Arkade Developers Issue Price	Coming soon
Fresh issue	INR 410 crore
Offer For Sale	NIL
Total IPO size	INR 410 crore
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	BSE, NSE

Arkade Developer’s Financial Performance

	FY 2021	FY 2022	FY 2023	FY 2024
Revenue	108.27	228.93	220.15	634.74
Expenses	83.48	178.89	161.41	471.56
Net income	21.72	50.84	50.66	122.84
Margin (%)	20.06	22.21	23.01	19.35

Figures in INR Crores unless specified otherwise

Arkade Developers Offer News

Arkade Developers Valuations & Margins

	FY 2021	FY 2022	FY 2023	FY 2024
EPS	1.39	3.32	3.34	8.08
PE ratio	–	–	–	–
RONW (%)	24.53	40.90	29.02	46.90
NAV	6.52	9.84	13.18	21.28
ROCE (%)	30.73	46.17	24.30	47.34
EBITDA (%)	28.17	30.56	31.04	26.68
Debt/Equity	0.14	0.43	0.74	0.21

*Compiled by IPO Central from Prospectus

Arkade Developers IPO GMP Today (Daily Trend)

Arkade Developers Offer Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Funding a part of the costs to be incurred in the development of its ongoing projects (viz. Arkade Nest), and its upcoming projects (Funding Development Expenses) – INR 250 crore
Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes

Arkade Developers IPO Subscription – Live Updates

Coming soon

Arkade Developers – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Arkade Developers	–	8.08	46.90	21.28	634.74
Keystone Realtors	77.11	7.67	6.11	161.06	724.90
Godrej Properties	75.33	20.55	6.92	333.20	3,039.0
Macrotech Developers	70.85	10.09	3.95	262.56	9,611.16
Kolte-Patil Developers	33.07	13.48	11.31	137.67	1,521.02

Arkade Developers IPO Allotment Status

Arkade Developers IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Arkade Developers IPO Dates & Listing Performance

IPO Opening Date	16 September 2024
IPO Closing Date	19 September 2024
Finalization of Basis of Allotment	20 September 2024
Initiation of refunds	23 September 2024
Transfer of shares to demat accounts	23 September 2024
Arkade Developers IPO Listing Date	24 September 2024
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth –
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
ICICIdirect –
Investmentz –
Jainam Broking –
DR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities –
SMC Global –
Swastika Investmart –
Ventura Securities –

Arkade Developers IPO Lead Manager

UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533
Email: [email protected]
Website: www.unistonecapital.com

Arkade Developers Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

ARKADE DEVELOPERS LIMITED
Arkade House, Opp. Bhoomi Arkade,
Near Children’s Academy, A S Marg, Ashok Nagar,
Kandivali (East), Mumbai – 400101, Maharashtra
Phone: +91 (22) 28874742
Email: [email protected]
Website: www.arkade.in

Arkade Developers IPO FAQs

How many shares in Arkade Developers IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Arkade Developers’ Public Offer?

The best way to apply for Arkade Developers’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.