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Latest GMP
- Lead Manager
- Unistone Capital Private Limited
- IPO Registrar
- Bigshare Services Private Limited
- IPO Open Date
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- IPO Close Date
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- Allotment date
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- Listing date
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- Issue Size
- ₹ 430 Cr.
- Issue Price Band
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- Lot Size
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- Minimum Investment
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Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Arkade Developers Limited
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.
Business Segments
The company’s business is divided into two segments:
- Development/construction of residential buildings on land acquired by the company (new projects)
- Redevelopment of existing buildings (Redevelopment Projects)
Track Record
Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets in the Mumbai Metropolitan Region (MMR), Maharashtra.
As of June 30, 2024, the company has developed 2.20 million square feet of residential properties.
From CY 2003 to March 2024, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company held a majority stake), with a total built-up area of approximately 1,000,000 square feet.
Overall Project Experience
In the last two decades, the company has completed 28 projects, including:
- 11 projects on a standalone basis (including 2 projects executed through partnership firms in which the company held a majority stake)
- 8 projects executed by the promoter through his proprietorship, M/s Arkade Creations
- 9 projects through joint development agreements with other third parties
These projects have a total built-up area of more than 4.5 million square meters and have been awarded to more than 4,000 customers.
Workforce
As of June 30, 2024, the company had 201 permanent employees and an additional 850 employees on a contract basis.
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|
Financials of Arkade Developers Limited
A quick overview of the key financial performance of Arkade Developers Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 4%, Total Assets increased by 50% between FY2022 and FY2023.
| Period Ended | FY2021 | FY2022 | FY2023 |
|---|---|---|---|
| Revenue | 108.27 | 228.93 | 220.15 |
| Assets | 349.74 | 369.97 | 555.30 |
| Total Income | 113.19 | 237.18 | 224.01 |
| Profit After Tax | 21.72 | 50.84 | 50.66 |
| EBITDA | 30.50 | 69.97 | 68.33 |
| Net Worth | 99.14 | 149.50 | 200.21 |
| Reserves & Surplus | 97.14 | 147.50 | 198.21 |
| Total Borrowings | 13.69 | 64.41 | 149.00 |
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 28.97 |
| ROCE (%) | 24.3 |
| Debt / Equity | 0.74 |
| RoNW (%) | 28.97 |
| PAT Margin (%) | 23.01 |
| EBITDA Margin (%) | 31.04 |
|
Pre IPO
Post IPO
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| EPS (₹) |
3.33
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| P/E (x) |
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| Promoter Holding (%) |
82.99
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IPO Lead Manager(s)
Lead Manager Details
- Unistone Capital Private Limited
- Contact Person: Brijesh Parekh
- SEBI Registration Number: INM000012449
- Investor Grievance Email: compliance@unistonecapital.com
- Website: https://www.unistonecapital.com
- Email: mb@unistonecapital.com
- Phone: +91-9820057533
- Address: A/305, Dynasty Business Park, Andheri-Kurla Road, Andheri East, Mumbai – 400 059, Maharashtra, India
IPO Registrar
- Registrar Name
- Bigshare Services Private Limited
- ipo@bigshareonline.com
- Phone
- +91-22-62638200
- Contact Person
- Jibu John
- SEBI Registration Number
- INR000001385
- Address
- Office no. S6-2, 6th Floor, Pinnacle Business Park, next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai - 400093, Maharashtra, India
- Website
- https://www.bigshareonline.com/
Company Contact Details
- Company Name
- Arkade Developers Limited
- cs@arkade.in
- Phone
- +91 (22) 28874742
- Contact Person
- Sheetal Haresh Solani
- Corporate Identity Number
- U45200MH1986PLC039813
- Address
- Arkade House, Opp. Bhoomi Arkade, Near Children’s Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai - 400101, Maharashtra, India
- Website
- http://www.arkade.in/
Arkade Developers Limited FAQs
