Arkade Developers Limited IPO Overview
Company Overview
Arkade Developers Limited is a prominent real estate company specializing in high-end residential developments in Mumbai, Maharashtra. The company’s business model is divided into two key segments:
New Residential Projects: Development and construction of residential buildings on land acquired by the company.
Redevelopment Projects: Redevelopment of existing buildings.
Business Operations and Achievements
Since its inception, Arkade Developers has focused on creating sophisticated lifestyle projects. Between 2017 and Q1 2024, the company launched 1,220 residential units and successfully sold 1,045 units across the MMR (Mumbai Metropolitan Region) in Maharashtra. As of June 30, 2024, the company has developed over 2.20 million square feet of residential properties.
From 2003 to March 2024, Arkade Developers completed 11 redevelopment projects in Mumbai's western suburbs and one project in south-central Mumbai through a partnership firm, covering a total built-up area of approximately 1 million square feet.
Objectives of the IPO
The funds raised through the IPO will be utilized for:
Funding ongoing projects.
Acquisition of new projects.
General corporate purposes.
Promoter Information:
Mr. Amit Mangilal Jain is the company promoter.
Pre-Issue Shareholding: 85.58%
Post-Issue Shareholding: 70.82%
Arkade Developers IPO Details
IPO Dates: 16 to 19 September 2024
Price Band: ₹121 to ₹128 per share
Lot Size: 110 shares
Total Issue Size: ₹410.00 crore
Retail Quota: 35%
GMP: 46% (for information only)
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