ARKADE DEVELOPERS LIMITED (MAINBOARD)
Sep 16, 2024 - Sep 19, 2024
| Price | ₹121 - ₹128 |
| Premium | ₹63 |
|---|---|
| Lot size | 110 |
| Allotment | Sep 20, 2024 |
| Listing | Sep 24, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 110 | 14080 | 101420 |
| sHNI | 15 | 1650 | 211200 | 966 |
| bHNI | 72 | 7920 | 1013760 | 1932 |
Last updated on 19-Sep-2024 19:59:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 6375000 | 1100300410 | 172.6 |
| HNIs | 4781250 | 826341230 | 172.83 |
| HNIs 10+ | 3187500 | 541711170 | 169.95 |
| HNIs 2+ | 1593750 | 284630060 | 178.59 |
| Retail | 11156250 | 615033430 | 55.13 |
| Employees | 162602 | 8853240 | 54.45 |
| Total | 22475102 | 2550528310 | 113.48 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1932 | 65226 | 33.76 |
| HNIs (2-10L) | 966 | 164292 | 170.07 |
| Retail | 101420 | 4856661 | 47.89 |
| Employee | - | 62673 | - |
| Total Applications: 5148852 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 81.6 | 14083.85 | 172.6 |
| FIIs | - | 3887.49 | - |
| DIIs | - | 6560.59 | - |
| Mutual funds | - | 0.15 | - |
| Others | - | 3569.37 | - |
| HNIs | 61.2 | 10577.17 | 172.83 |
| HNIs 10+ | 40.8 | 6933.9 | 169.95 |
| HNIs 2+ | 20.4 | 3643.26 | 178.59 |
| Retail | 142.8 | 7872.43 | 55.13 |
| Employees | 2.08 | 113.32 | 54.45 |
| Total | 287.68 | 32646.76 | 113.48 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹29.66 | @8% ₹33.9 | @9% ₹38.13 | @10% ₹42.37 | @11% ₹46.61 | @12% ₹50.84 |
About
IPO Details
| Issue Size | [32,031,250] shares(aggregating up to 410 Cr) |
| Fresh Issue | [32,031,250] shares(aggregating up to 410 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 153,626,016 |
| Share holding post issue | 185,657,266 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 46.90% | 29.02% | 40.90% |
| ROCE | 47.34% | 24.30% | 46.17% |
| RONW | 46.90% | 29.02% | 40.90% |
| D/E | 0.21 | 0.74 | 0.43 |
| EPS (basic) | 8.08 | 3.34 | 3.32 |
| P/E Pre IPO | 16.01 | ||
| P/E Post IPO | 19.35 |
Financial Statement (Restated)
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Assets | 575.01 | 555.41 | 369.97 |
| Revenue | 635.71 | 224.01 | 237.18 |
| Profit After Tax | 122.81 | 50.77 | 50.84 |
| Net Worth | 323.4 | 200.32 | 149.5 |
| Reserves and Surplus | 171.4 | 198.32 | 147.49 |
| Total Borrowing | 69.41 | 149 | 64.41 |
| Amount in Crore | |||
About Company
Arkade Developers Limited, originally incorporated as a private limited company in May 1986, transitioned into a public limited company in July 2023. The company primarily focuses on real estate development, with a special emphasis on both new residential projects and redevelopment in the Mumbai Metropolitan Region (MMR). Known for delivering high-quality residential projects, Arkade Developers has built a strong reputation for timely project completions, which is a critical factor in establishing trust in the competitive real estate market. Over the years, Arkade has expanded its portfolio across various prime micro-markets of Mumbai, catering to diverse customer needs. The company's expertise lies in managing real estate projects from inception to completion, offering a wide range of residential options. Arkade's developments are renowned for their innovative designs, sustainable construction practices, and adherence to regulatory norms.
Lead Manager(s)
Unistone Capital Private Limited
Strength
Prime Locations: Projects strategically situated in key markets of the Mumbai Metropolitan Region (MMR).
Proven Track Record: Strong history of timely project completions, enhancing customer trust.
Experienced Leadership: The management team boasts decades of experience in real estate, ensuring effective operations.
Weakness
Market Volatility: The real estate sector is susceptible to economic fluctuations, which could impact demand.
Regulatory Hurdles: Changes in real estate regulations and compliance requirements may affect project timelines and profitability.
Debt Levels: Significant borrowings pose potential risks to the company’s financial flexibility.
Registrar
Bigshare Services Private Limited
India Tel: +91-22-62638200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
India Tel: +91-22-62638200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com