The IPO for Arkade Developers is valued at Rs 410.00 crore. The 3.2 crore shares are being issued fully anew.Beginning on September 16, 2024, and running through September 19, 2024, was the Arkade Developers IPO auction. On Friday, September 20, 2024, the allotment for the Arkade Developers IPO was finalized. On Tuesday, September 24, 2024, the BSE and NSE will list the Arkade Developers initial public offering (IPO) on a provisional list. The initial public offering (IPO) price range for Arkade Developers is ₹ 121–128 per share. A request must have a minimum lot size of 110 shares. For retail investors, a minimum investment of ₹14,080 is needed. For both sNII and bNII, the minimum investment lot size is 15 lots (1,650 shares), or ₹211,200, and 72 lots (7,920 shares), respectively.
Arkade Developers IPO Details:
| IPO Date | 16 September, 2024 to September 19, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE,NSE |
| Share holding pre issue | 153,626,016 |
| Share holding post issue | 185,657,266 |
Arkade Developers IPO Timeline (Tentative Schedule)
Arkade Developers’ IPO will open on September 16, 2024, and close on September 19, 2024.
| IPO Open Date | Monday, 16 September 2024 |
| IPO Close Date | Thursday,19 September 2024 |
| Basis of Allotment | Friday, 20 September 2024 |
| Initiation of Refunds | Monday,23 September 2024 |
| Credit of Shares to Demat | Tuesday, 24 September 2024 |
| Listing Date | 5 PM on,19 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on ,19 September 2024 |
Arkade Developers IPO Reservation
3,18,75,000 shares are available in the Arkade Developers IPO. 95,62,500 (30%) to Anchor investors, 47,81,250 (15%) to NII, 1,11,56,250 (35%) to RII, and 63,75,000 (20%) to QIB
| Investor Category | Shares Offered |
| QIB Shares Offered | 63,75,000 (20%) |
| Retail Shares Offered | 1,11,56,250 (35%) |
| NII (HNI) Share Offered | 47,81,250 (15%) |
Arkade Developers IPO Lot Size-
A minimum of 110 shares, as well as multiples of that number, are up for bid. The minimum and maximum share and amount investments made by HNIs and retail investors are shown in the table below.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 110 | ₹14,080 |
| Retail (Max) | 14 | 1540 | ₹ 197,120 |
| HNI (Min) | 15 | 1650 | ₹ 211,200 |
| S-HNI (Max) | 71 | 7,810 | ₹ 999,680 |
| B-HNI (Min) | 72 | 7,920 | ₹ 1,013,760 |
Arkade Developers IPO Promoter Holding-
- The company promoter is Mr. Amit Mangilal Jain.
| Share Holding Pre Issue | 85.58% |
| Share Holding Post Issue | 75.82% |
Arkade Developers IPO Anchor Investors Details
With its IPO, Arkade Developers raises Rs 122.40 crore from major financiers. The IPO anchor bid date for Arkade Developers is September 13, 2024.
| Bid Date | 13 September , 2024 |
| Shares Offered | 9,562,500 |
| Anchor Portion Size (In Cr.) | 122.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | 20,October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 19, December, 2024 |
About Arkade Developers –
Arkade Developers Limited has filed a prospectus with the Registrar of Companies, Maharashtra, in Mumbai. The company intends to undertake an initial public offer of its equity shares, subject to market circumstances, necessary permissions, and other factors. The prospectus can be accessed via the SEBI website at www.sebi.gov.in, the stock exchange(s) website at www.nseindia.com and www.bseindia.com, and the website of the book running lead manager, Unistone Capital Private Limited, at www.unistonecapital.com. Any prospective investor should be aware that purchasing equity shares carries a significant level of risk. When the prospectus is available, go to the section titled “Risk Factors” for more information on this risk. The DRHP should not be used as the basis for any investment decisions by prospective investors.
Company Financial –
The financial information (consolidated and restated) for Arkade Developers Limited.
In the financial year ending March 31, 2024, and March 31, 2023, Arkade Developers Limited experienced a 142% increase in profit after tax (PAT) and an 184% increase in revenue.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 and Surplus | 171.4 | 198.32 | 147.49 |
| Total Borrowing | 69.41 | 149 | 64.41 |
| Amount in ₹ Crore | |||
Objects of the Issue (Arkade Developers IPO)
The following goals are how the Company plans to apply the Net Proceeds from the Issue:
The expenses to be expended in the development of the ongoing projects (Arkade Nest, Prachi CHSL, and C-Unit) are included in the funding (Funding Development Expenses); and financing the purchase of unidentified land for general corporate uses and real estate projects.
Arkade Developers IPO Contact Details-
Arkade Developers Limited
Arkade House, Near Children’s Academy,
A S Marg, Ashok Nagar, Opp. Bhoomi Arkade
Mumbai, Kandivali (East), 400101
Call: (912) 288-7474
Contact email at cs@arkade.in.
http://www.arkade.in/ is the website.
Arkade Developers IPO Registrar.
Pvt Ltd. Bigshare Services
Call: (91-22-6263-8200).
Email to: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Arkade Developers IPO: FAQs
The main-board initial public offering (IPO) of Arkade Developers comprises 32,031,250 equity shares with a face value of ₹10, totaling ₹410.00 Crores. The share price of the offering is between ₹121 and ₹128. 110 shares is the minimum order quantity.
Opening on September 16, 2024, and closing on September 19, 2024, is the Arkade Developers initial public offering.
The IPO lot size for Arkade Developers is 110 shares, and ₹14,080 is the minimum amount needed.
On Friday, September 20, 2024, the Basis of Allotment for Arkade Developers IPO will be finalized. By Monday, September 23, 2024, the assigned shares will be credited to your demat account. Verify the allotment status for the Arkade Developers IPO.
There is currently no word on when Arkade Developers’ IPO will be listed. Tuesday, September 24, 2024, is the estimated date of Arkade Developers’ initial public offering (IPO).
