ARKADE DEVELOPERS LIMITED
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹63(49.22%)
Premium (ELP)
The Initial Public Offering of ARKADE DEVELOPERS LIMITED's culminated in its successful listing on Sep 24, 2024 at the NSE, BSE trading platform. The company secured 3,20,37,601 Shares through this capital market exercise, with 3,20,31,250 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹121 to ₹128, with minimum investment requirements of 110 shares. The subscription period from Sep 16, 2024 to Sep 19, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Sep 20, 2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Arkade Developers Limited, originally incorporated in May 1986 and later converted into a public company in July 2023, is a real estate developer focused mainly on residential projects and redevelopment work in the Mumbai Metropolitan Region (MMR). The company is known for high-quality construction and timely project delivery, which has helped build strong trust among homebuyers. Over the years, Arkade has expanded across multiple key locations in Mumbai and offers a variety of residential options. Its projects are known for modern designs, sustainable construction practices, and compliance with all necessary regulatory standards.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Prime MMR Locations: Projects located in high-demand areas across the Mumbai Metropolitan Region.
- Strong Delivery Record: Proven track record of timely project completion builds credibility and trust.
- Experienced Leadership: Seasoned management team with decades of real estate experience drives efficient execution.
- Market Volatility: Real estate demand can fluctuate with economic conditions, impacting sales and growth.
- Regulatory Risks: Changes in real estate rules and compliance norms may delay projects and affect profitability.
- High Borrowings: Elevated debt levels may limit financial flexibility and increase risk.
- Mr. Amit Mangilal Jain
ARKADE DEVELOPERS LIMITED
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