September 24, 2024
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Arkade Developers IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Arkade Developers IPO?
On 24th September 2024, the IPO got listed at Rs. 175 per share, premium of 36.72% over the issue price.
Arkade Developers IPO Subscriptions (Closed)Price Rs. 128 Lot 110 shares, Rs. 410.00 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 172.60 | 169.95 | 176.76 | 172.22 | 53.78 | 113.49 |
| Applications: 50,34,489 / (49.64x) Amount wise Bids recd. Rs. ? Crore |
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What are the Objects of Arkade Developers IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
1. Funding a part of the costs to be incurred in the development of our Ongoing Projects (viz. Arkade Nest), and our
Upcoming Projects (Funding Development Expenses); and
2. Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes
What is the business of Arkade Developers?
Arkade Developers is a fast growing real estate development Company with a significant presence in Mumbai, Maharashtra. Its operations are concentrated on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India’s commercial capital. As on July 31, 2023, it has developed 1.80 million square feet of residential property. It is engaged in the development of new projects and redevelopment of existing premises, and between 2017 and Q1 2023, it has launched 1,040 residential units and sold 792 residential units in different markets in the MMR, Maharashtra. In particular, it has established a successful track record of completing its projects on time, and from
CY 2003 to March 2023, it has successfully completed redevelopment of 9 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai with a combined constructed area of 6,48,000 square feet. This track record has established it as one of the major player of redevelopment in the Mumbai western suburbs.
For more information, click www.arkade.in
Arkade Developers IPO GMP, Particulars & Guidance
| Arkade Developers IPO Details | |
| IPO opens on | 16 September, 2024 |
| IPO closes on | 19 September, 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 32037600 Sh /Rs 410 Cr |
| * Fresh Issue | 32037600 Sh /Rs 410 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 121-128 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 5 per share |
| Retail Lot Size | 110 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Arkade Developers? | Shares | Rs. in Cr |
| QIB (50 %) | 15937500 | 204.00 |
| NII (15 %) | 4781250 | 61.20 |
| RII (35 %) | 11156250 | 142.80 |
| Employees | 162600 | 2.00 |
| Total Shares | 32037600 | 410.00 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Arkade Developers IPO ? | Amount Rs. |
|
| Min Retail Application | -110 Shares | 14080 |
| Max Retail Application | 1540 Shares | 197120 |
| Small HNI (Min) application | 1650 Shares | 211200 |
| Small HNI (Max) application | 7810 Shares | 999680 |
| Big HNI Application | 7920 Shares | 1013760 |
| What is the timetable of Arkade Developers IPO? | |
| IPO opens on | 16 September 2024 |
| IPO Closes on | 19 September 2024 |
| IPO Allotment on | 20 September 2024 |
| Unblocking of ASBA | 23 September 2024 |
| Credit of Shares | 23 September2024 |
| Listing on | 24 September 2024 |
| Registered Office of Arkade Developers | |
| Arkade House, Opp. Bhoomi Arkade, Near Children’s Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai – 400101, Maharashtra, India. |
|
| Who are the Lead Managers of Arkade Developers IPO? Unistone Capital Pvt Ltd |
|
| Registrar to IPO | |
| BigShare Services Private Limited |
| Arkade Developers IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 237 | 50.84 | 3.32 | 40.90 |
| 2022-23 | 224 | 50.66 | 3.34 | 29.02 |
| 2023-24 | 636 | 122.81 | 8.08 | 46.90 |
| Book Value of the Share on 31.03.2024 | Rs. | 21.28 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 128 | ||
| Arkade Developers IPO Ratio Analysis |
|
| Price /EPS | 15.84 |
| Price/Book Value Ratio | 6.01 |
| Price/BV after IPO | ? |
How Arkade Developers IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Arkade Developers | 10 | 636 | 15.84 |
| Keystone Realtors | 10 | 2276 | 74.85 |
| Godrej Properties | 5 | 4334 | 111.53 |
| Macrotech Developers | 10 | 10469 | 78.46 |
| Suraj Estate | 5 | 416 | 40.92 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Arkade Developers IPO Review
This is the much-awaited IPO. Compared to peer companies, the shares are offered at very reasonable valuation. The IPO being very small (net of pre-IPO placement of 1626016 shares at Rs. 123 eg Rs. 20 Crore) there are chances of quick oversubscription. However, the fancy of realestate IPO is not strong and that may affect the fancy.
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