IPO Dates
Important dates with respect to IPO allotment and listing
To be announced
About Arkade Developers Ltd
Arkade Developers is a real estate development company whose operations are concentrated on the development of premium residential premises in Mumbai, Maharashtra. As of July 31, 2023, they have developed over 1.80 million square feet of residential property (including via partnership entities in which they hold the majority stake). They are engaged in both the development of new projects and the redevelopment of existing premises. Between 2017 and Q1 FY 2023, they launched 1,040 residential units and sold 792 residential units in different markets in the Mumbai Metropolitan Region (MMR), Maharashtra.
They are currently developing projects that have a very broad per-unit price point, ranging from ₹9.44 million to ₹62.53 million. While their initial projects were stand-alone residential buildings, their portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown and Arkade Aspire, Arkade Prime, and Arkade Aura. They are currently developing approximately 2 million square feet across five ongoing projects and 2 upcoming projects for which development agreements have been executed already.
Between calendar year 2017 and Q1 FY 2023, the MMR territory has contributed the highest share of annual sales of residential units across the top seven cities in India, ranging from 27% to 32%. Therefore, the company is strategically placed to access a large part of the real estate development market in India.
Arkade Developers Ltd IPO Details
Arkade Developers Ltd IPO Date
The dates for bidding for the Arkade Developers IPO have not been announced yet.
Arkade Developers Ltd IPO Price Band
Arkade Developers is a book built IPO with a price range that has not been announced yet.
Arkade Developers Ltd IPO Lot Size
The Arkade Developers Ltd IPO lot size has not been announced yet.
Arkade Developers Ltd IPO Objectives
The net proceeds of the fresh issue are proposed to be utilised in the following manner:
- Funding a part of the costs for the development of their ongoing projects (viz. Arkade Nest).
- Funding the acquisition of the yet-to-be-identified land for real estate projects.
- General corporate purposes.
Peer Details
The company’s peers include:
- Keystone Realtors Limited
- Godrej Properties Limited
- Macrotech Developers Limited
- Kolte-Patil Developers Limited
How to Check the Allotment Status of the Arkade Developers Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Arkade Developers Ltd
Registered office: Arkade House, Opp. Bhoomi Arkade, Near Children’s Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai - 400101, Maharashtra, India.
Phone: +91 (22) 28874742
E-mail: cs@arkade.in
Company Financials
| Financial years | Year Ending on March 31, 2023 ( ₹ million ) | Year Ending on March 31, 2022 ( ₹ million ) | Year Ending on March 31, 2021 ( ₹ million ) |
|---|---|---|---|
| Total Income | 2,240.13 | 2,371.82 | 1,131.85 |
| Profit for the Year | 506.61 | 508.44 | 217.18 |
| Adjustable Return on Capital Employed | 24.30% | 46.17% | 30.16% |
| Interest Coverage Ratio | 53.12 | 16.15 | 23.41 |
| Current Ratio | 1.92 | 1.60 | 1.33 |
Know before investing
Strengths
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The company is strategically located in one of the most high-value real estate markets in India. Within this market, they are focused on projects that are premium properties, i.e. higher on the value chain. Therefore, they are very well placed in the market and have a strong brand for premium quality.
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The company’s promoter is a second-generation real estate entrepreneur with 20 years of experience. His family has been in this business since 1986.
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They have built major in-house resources, including their legal team, business development, purchase and contracts, and sales and marketing teams.
Risks
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The risk of not being able to complete projects on time is significant in the real state development market as it increases the scope of the volatility in the prices of both land and raw materials. It also tarnishes the image of the developer and may activate the effects of penalty clauses.
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The company does not enter into any long-term agreements for the supply of labour and key materials for the construction of projects. Therefore, there is the risk of a significant increase in prices or the shortage of labour or key materials for construction.
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The company had witnessed negative net cash flows in the financial years of 2022 and 2021.
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Arkade Developers Ltd IPO FAQs
Arkade Developers IPO is a book built fresh issue IPO. The dates for the IPO have not been announced yet.
The allotment date has not been announced yet.
The IPO subscription window has not been announced yet.
The lot size for the IPO has not been announced yet.
Arkade Developers Ltd IPO will be listed on the NSE and the BSE. The dates for the IPO have not been announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing has not been announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
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