₹ 14080
₹121- ₹128
110
₹175
37
19 Sep 2024
Download23 Sep 2024
24 Sep 2024
Application Details
Arkade Developers is set to launch its IPO from September 16, 2024, to September 19, 2024. The shares have a face value of ₹10 each, with a price band ranging between ₹121 and ₹128 per share. Investors can apply in lots, with each lot consisting of 110 shares. The minimum investment for retail investors is ₹14,080, while the maximum investment can go up to ₹1,97,120 for 14 lots (1,540 shares).
The total issue size comprises 32,031,250 shares, aggregating up to ₹410.00 crore, all of which are fresh issues. Arkade Developers plans to list its shares on both the BSE and NSE. The pre-issue shareholding stands at 153,626,016 shares, which will increase to 185,657,266 shares post-issue.
Important dates include the IPO opening on September 16 and closing on September 19, 2024, with the basis of allotment finalized on September 20. Refunds will be initiated by September 23, with shares credited to demat accounts on the same day, and the listing date scheduled for September 24, 2024.
About Arkade Developers Limited
Company Overview
Arkade Developers Limited is a prominent real estate development company focused on high-end residential projects in Mumbai, Maharashtra. Established on May 13, 1986, Arkade has grown into one of the leading real estate firms in the region, recognized for its premium lifestyle residential developments and strong brand recognition. The company’s projects include new residential buildings and the redevelopment of existing structures, catering to the aspirational housing market in Mumbai.
Business Segments
Arkade Developers’ operations are divided into two main segments:
- New Projects: This involves developing and constructing residential buildings on land acquired by Arkade Developers.
- Redevelopment Projects: This segment focuses on the redevelopment of existing buildings within Mumbai.
Development History and Portfolio
From 2003 to March 2024, Arkade Developers completed 28 projects with a combined built-up area of over 4.5 million square feet, serving more than 4,000 customers. This portfolio includes 11 projects executed independently, 8 projects undertaken by the promoter through Arkade Creations, and 9 projects completed through joint development agreements with third parties. Arkade’s developments span various areas of Mumbai, including the Western Suburbs, South-central Mumbai, and the Eastern Suburbs.
As of June 30, 2024, Arkade Developers has completed the redevelopment of 10 Western Suburbs projects and one in South-central Mumbai. These projects, completed through a mix of standalone efforts and partnership firms, cover a total built-up area of approximately 1,000,000 square feet. Additionally, Arkade has launched 1,220 residential units between 2017 and Q1 2024, selling 1,045 units in various markets across the Mumbai Metropolitan Region (MMR).
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.