₹ 14080 / 110 shares
IPO Details
RHP/DRHPIssue Date
16 Sep - 19 Sep'24
Investment/lot
₹ 14080
Price Range
121 - 128
Lot Size
110
IPO Size
₹ 410.08 Cr
IPO Listing Details
Listing On
24 Sep'24
Issue Price
128
Listed Price
₹ 175
Retail Gain/Listing Gain
â–²36.72%
IPO Timeline
Arkade Developers Company Background
Arkade Developers Limited IPO is a real estate development company that focuses on the development of premium residential buildings and premises in Mumbai, Maharashtra.
The company is engaged in development / construction of residential premises. These can be on land acquired by the company and/or redevelopment of existing premises i.e. redevelopment projects.
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Arkade Developers Competitive Strengths
Strategic location of projects in micro-markets of MMR, Maharashtra
Within MMR, the company’s operations are strategically located in Mumbai, and they have significant operations in the western suburbs of Mumbai, Maharashtra. They offer a blend of residential, commercial, and recreational options in areas connected to other parts of the city through an extensive network of railways, buses and road network. These areas also have excellent education, health and retail facilities, thereby increasing the housing demand.
A top 10 player in terms of supply in select micro markets
They are one of the leading players in the micro-markets of Goregaon East, Borivali West, Santa Cruz West for 4BHK, 3 BHK and 2 BHK units. The brand holds a high place due to its integrity and value proposition, location of the projects, adherence to a delivery schedule, and quality, aesthetically designed, sustainable construction model.
Timely completion of projects
A key aspect of their success and growth over the years has been their ability to consistently deliver projects within, and often before, the scheduled project completion timelines. In the last 2 decades, they have completed 28 projects, 8 projects executed by their promoter and 9 projects through joint development aggregating to more than 4.5 million square feet of development. Overall, they have catered to more than 4,000 customers.
Risk Factors
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The company may not be able to successfully identify redevelopment projects or identify and acquire suitable land for their proposed new projects, which can hurt their business.
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The company does not enter into long term agreements for the supply of labour and key materials for construction of their projects. Any significant increase in the prices, or shortage of, or delay or disruption in supply of labour or key materials can hurt their business.
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The company relies on third party contractors whom they do not control to construct their projects. Any delay or failure on the part of such contractors to adhere to their obligations could hurt their business.
Key Strategies
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Continue to expand in the eastern region of MMR, Maharashtra
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Move up the value chain to premium / luxury residential premises
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Continue to focus on a blended business model
Arkade Developers Limited Key Financials
Here are the key financials for Arkade Developers Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Arkade Developers Ltd IPO?
Here are the steps to apply for Arkade Developers Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Arkade Developers Ltd IPO FAQs
When is Arkade Developers Ltd IPO listing date?
Arkade Developers Ltd IPO will list on 2024-09-24.
What is the issue size of Arkade Developers Ltd IPO?
410.08 is the issue size of Arkade Developers Ltd IPO.
What is the minimum lot size required for Arkade Developers Ltd IPO?
The minimum lot size is 110 shares and the investment required is ₹14080.
What is the price band of the Arkade Developers Ltd IPO?
The price band of Arkade Developers Ltd IPO is ₹121 to ₹128.
Where can I read more about Arkade Developers Ltd business?
You can read more about Arkade Developers Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Arkade Developers Limited IPO?
The Arkade Developers IPO has an issue size of ₹410 crores. The IPO opens for subscription on 16/09/2024 and closes on 19/09/2024.
Who is the Registrar for Arkade Developers Limited IPO?
Bigshare Services Private Limited is the registrar for this IPO.
