Arkade Developers IPO

Arkade Developers IPO

Arkade Developers Ltd

₹14,080 / 110 shares

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Arkade Developers IPO Details

RHP/DRHP

Issue Date

--

Price Range

₹121 - ₹128

Lot Size

110

IPO Size

₹410.08 Cr

Arkade Developers IPO Listing Details

Listing On

24 Sep'24

Issue Price

₹128

Listed Price

₹ 175

Retail Gain/Listing Gain

▲36.72%

Schedule of Arkade Developers IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

24/09/2024

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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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

  • 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.

  • 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.

  • 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

  • Continue to expand in the eastern region of MMR, Maharashtra

  • Move up the value chain to premium / luxury residential premises

  • Continue to focus on a blended business model

Here are the key financials for Arkade Developers Limited:

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How to apply for an IPO using UPI

How to apply for an IPO using UPI

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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 Neo 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 IPO FAQs

The Arkade Developers IPO opens for subscription from [-] to [-], with a total issue size of ₹410.08 Cr. The IPO price band is ₹121 to ₹128 per share with a lot size of 110. The company aims to list the shares on BSE & NSE on 24-09-2024.

The Arkade Developers IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Arkade Developers IPO is 110 equity shares, requiring a minimum investment of ₹14080 for retail investors applying in the IPO.

The price band of the Arkade Developers IPO has been fixed at ₹121 to ₹128 per equity share.

You can apply for the Arkade Developers IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Arkade Developers IPO allotment will take place on [-].

You can check the Arkade Developers IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Arkade Developers shares will list on the stock exchanges on 24-09-2024.

You can find detailed information about the Arkade Developers IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

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.

Bigshare Services Private Limited is the registrar for this IPO.

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.

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