The Arkade Developers IPO is a book-built issue worth ₹410.00 crores, consisting entirely of a fresh issue of 3.2 crore shares.
The subscription for the Arkade Developers IPO opens on September 16, 2024, and will close on September 19, 2024. The allotment is expected to be finalized on Friday, September 20, 2024. The IPO is set to list on both BSE and NSE, with a tentative listing date of Tuesday, September 24, 2024.
Arkade Developers operates in the real estate development sector. They focus on developing high-end, sophisticated lifestyle residential properties in Mumbai, Maharashtra. Their business activities include both the development of new residential projects on acquired land and the redevelopment of existing properties.
The price band for the Arkade Developers IPO is set between ₹121 and ₹128 per share. Retail investors can apply for a minimum lot size of 110 shares, requiring an investment of ₹14,080. For small Non-Institutional Investors (sNII), the minimum investment is 15 lots, totaling 1,650 shares, or ₹211,200. For large Non-Institutional Investors (bNII), the minimum investment is 72 lots, totaling 7,920 shares, or ₹1,013,760.
Unistone Capital Pvt Ltd is the book-running lead manager for the Arkade Developers IPO, while Bigshare Services Pvt Ltd has been appointed as the registrar for the issue.
Arkade Developers IPO Details:
| Company Name | Arkade Developers Limited |
| Sector | Real Estate Development |
| IPO Type | Mainboard |
| IPO Open date | 16th Sep 2024 |
| IPO Close date | 19th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Arkade Developers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 87 | 14,080 |
| sHNI (Min) | 15 | 1218 | 2,11,200 |
| bHNI (Min) | 72 | 5829 | 10,13,760 |
Arkade Developers IPO Timeline:
| IPO Open Date | 16th Sep 2024 |
| IPO Close Date | 19th Sep 2024 |
| Basis of Allotment | 20th Sep 2024 |
| Refund Initiation Date | 23rd Sep 2024 |
| Shares Credit to Demat | 23rd Sep 2024 |
| Listing Date | 24th Sep 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Arkade Developers’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Real Estate Development Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Arkade Developers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
