✓
Open
16 Sep 2024
✓
Close
19 Sep 2024
3
Allotment
—
✓
Listing
Tue, Sep 24, 2024
Price Band
₹121 to ₹128
Issue Size
3,20,37,601 shares (agg. up to ₹410 Cr)
Lot Size
110 Shares
Listing Date
Tue, Sep 24, 2024
Latest GMP
₹63
Est. Gain
49.22%
✦ AI Insight
GMP Trend
24-09-2024₹63Est. ₹191+49.22%
23-09-2024₹63Est. ₹191+49.22%
22-09-2024₹63Est. ₹191+49.22%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 80.78x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 575.01 | 555.41 | 369.97 |
| Total Income | 635.71 | 224.01 | 237.18 |
| Profit After Tax | 122.81 | 50.77 | 50.84 |
| NET Worth | 323.40 | 200.32 | 149.50 |
| Reserves and Surplus | 171.40 | 198.32 | 147.49 |
| Total Borrowing | 69.41 | 149.00 | 64.41 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Suraj Estate Developers Ltd. | Mainboard | ₹400.00 Cr | ₹360 | 35.64 | ₹334.50 | -7.08% | ₹199.58 (-0.05%) |
| Signatureglobal (India) Ltd. | Mainboard | ₹730.00 Cr | ₹385 | null | ₹458.55 | +19.10% | ₹793.15 (-5.65%) |
| Mason Infratech Ltd. | SME | ₹30.46 Cr | ₹64 | 24.33 | ₹92.40 | +44.38% | ₹122.00 (+0.00%) |
| V R Infraspace Ltd. | SME | ₹20.40 Cr | ₹85 | 20.99 | ₹87.40 | +2.82% | ₹102.90 (+5.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding a part of the costs to be incurred in the development of our Ongoing Projects (viz. Arkade Nest, Prachi CHSL and C-Unit) (Funding Development Expenses); and | 250.00 |
| 2 | Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes | 131.07 |
About Arkade Developers IPO
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra. The company's business can be divided into two segments: Development/construction of residential buildings on land acquired by the company (new projects); and Redevelopment of existing buildings (Redevelopment Projects) The company is involved in the development of new projects and the redevelopment of existing buildings. Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets in MMR, Maharashtra. As of June 30, 2024, the company has developed 2.20 million square feet of residential properties. From CY 2003 to March 2024, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company held a majority stake) with a total built-up area of 1,000,000 square feet (approx.). 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
Contact Details
Arkade Developers Ltd. AddressArkade House, Opp.Bhoomi ArkadeNear Children’s Academy, A S Marg, Ashok NagarKandivali (East)Mumbai, Maharashtra, 400101+91 22 2887474cs@arkade.inVisit Website