Arkade Developers Ltd. IPO

Arkade Developers Limited is a leading real estate development company in Mumbai, India. With a focus on premium residential projects, Arkade has established a strong track record of delivering high-quality and aesthetically designed properties. The company's expertise in project development, construction, and customer service has earned it a reputation as a trusted name in the Mumbai real estate market. Arkade's commitment to innovation and sustainability positions it as a key player in the luxury residential segment.

RHP
View
DRHP
View
Open Date

2024-09-16

Close Date

2024-09-19

IPO Details

Check out the issue details for Arkade Developers Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 128

Price Band

₹ 121 - 128

Issue Size

410 Cr.

Issue Type

Book Built

Open

2024-09-16

Close

2024-09-19

Listingprice

₹ 175

ListingGain

36.72%

Listing Date

2024-09-24

CMP

₹ 154.91

Current Return

21.02%

Company Financials

You can get the following financial statements of Arkade Developers Ltd. as of now.

Subscription Details

The details about the Arkade Developers Limited IPO are as:

  • The issue size of the IPO is 410 Cr.
  • The price band for Arkade Developers Limited IPO is Rs 121 to Rs 128.
  • The shares of Arkade Developers Limited IPO will list on 24th September 2024.
  • The latest tentative GMP of Arkade Developers Limited IPO is Rs 85.
  • The shares of Arkade Developers Limited IPO are subscribed 113.45 Times as of 19th September 2024.

 

Arkade Developers Limited IPO Valuation

The approx valuation of Arkade Developers Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 128
Existing Shares (Qty) 15.36 Cr
Fresh Issue 410 Cr
Market Cap 2376.08 Cr
EPS (FY23) Rs 8.08
PE Ratio 15.84x
Industry PE 76.44x

 

Arkade Developers Limited IPO Issue Size

Arkade Developers Limited IPO issue size is 410 Cr.

Issue Amount
Fresh Issue 410 Cr
Offer For Sale 0 Cr

 

Arkade Developers Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 110 shares and a maximum of 14 lots of 1540 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 110 Rs 14,080
Maximum 13 1540 Rs 1,97,120

 

Arkade Developers Limited IPO share offer

The shares of Arkade Developers Limited IPO are subscribed 113.45 Times as of 19th September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 172.60 Times
Non-Institutional Minimum 15% 172.20 Times
Retail Individual Minimum 35% 53.70 Times
Total   113.45 Times

Allotment Details

Find below the dates for Arkade Developers Limited IPO:

Schedule Date
Basis of Allotment 20 September 2024
Refunds 23 September 2024
Credit to Demat Account 23 September 2024
IPO Listing Date 24 September 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023
Net Sales 226.35 220.15
Total Expenditure 173.51 159.82
Operating Profit 52.84 60.33
Other Income 12.19 13.5
Interest 2.48 1.19
Depreciation 0.07 0.27
Exceptional Items 0 0
Profit Before Tax 62.48 72.37
Provision for Tax 13.9 17.51
Net Profit 48.58 54.86
Adjusted EPS (Rs.) 0.32 0.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 2 2
Total Reserves 143.32 198.21
Borrowings 1.2 78.75
Other N/C liabilities 0.64 0.43
Current liabilities 218.71 275.09
Total Liabilities 365.87 554.49
Assets
Net Block 1.83 2.16
Capital WIP 0 0
Intangible WIP 0 0
Investments 17.3 17.1
Loans & Advances 1.46 1.09
Other N/C Assets 1.1 6.45
Current Assets 344.18 527.69
Total Assets 365.87 554.49
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024
Other Income 0.25
Profit Before Tax 40.89
Tax 10.67
Profit After Tax 30.22
Adjusted EPS (Rs) 1.99

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023
Profit from operations 62.48 72.37
Adjustment -0.92 0.37
Changes in Assets & Liabilities -180.65 -152.28
Tax Paid -13.74 -17.53
Operating Cash Flow -132.83 -97.06
Investing Cash Flow 82.37 26.36
Financing Cash Flow 48.07 84.85
Net Cash Flow -2.4 14.15
X