ARKADE DEVELOPERS LIMITED

16 Sep 2024 - 19 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14080

Price Band

₹121-₹128

Issue Size

237.76 lakhs
Equity Shares

Lot Size

110

IPO Dates
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16 Sep 2024

Open Date

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19 Sep 2024

Close Date

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20 Sep 2024

Allotment Date

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24 Sep 2024

Listing Date

Arkade Developers is open for subscription from Monday, September 16, 2024, and closing on Thursday, September 19, 2024. The price band for this IPO is set to Rs 121 - Rs 128 per share. Arkade Developers IPO is offering entirely a fresh issue of 3.20 crore shares worth up to Rs 410 crore. The allotment for this new IPO is expected to be finalised on Friday, September 20, 2024. The listing of this IPO will be done on Tuesday, September 24, 2024, at BSE and NSE. The IPO is managed by Unistone Capital Private Limited, which is appointed as the book running lead manager of this IPO. The company has appointed Bigshare Services Limited as the registrar for the issue.

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About Arkade Developers Limited

Arkade Developers Limited is a Mumbai-based real estate company specialising in high-end residential projects. The company focuses on two main segments: the development of new residential buildings and the redevelopment of existing ones. From 2017 to Q1 2024, Arkade launched 1,220 residential units and sold 1,045 units across the Mumbai Metropolitan Region (MMR). As of June 30, 2024, the company had developed 2.20 million square feet of residential properties and completed 11 redevelopment projects in key Mumbai areas. Since its inception, Arkade Developers has completed 28 projects, delivering over 4.5 million square meters of built-up area to more than 4,000 customers. The company has a workforce of 201 permanent employees, with an additional 850 contract workers as of June 2024, reflecting its operational scale in the market.

Founded

1986

Managing Director

Mr. Amit Mangilal

Parent Organization

IPO Objectives

The company says they will utilise the Net Proceeds received from fresh issue towards several key objectives: funding a portion of the development costs for ongoing projects, including Arkade Nest, Prachi CHSL, and C-Unit (Development Expenses), and funding the acquisition of land for future real estate projects, as well as general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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