Arkade Developers Ltd. IPO: Key Details

We are a real estate development Company concentrating on the development of premium aspirational lifestyle residentialpremises in Mumbai, Maharashtra, India’s commercial capital. Our business can broadly be classified into two categories: (i)development / construction of residential premises on land acquired by our Company (New Projects) and (ii) redevelopmentof existing premises (Redevelopment Projects). As on June 30, 2024, we have developed 2.20 million square feet of residentialproperty (including through partnership entities in which we hold the majority stake). We are engaged in the development ofnew projects and redevelopment of existing premises, and between 2017 and Q1 2024, we have launched 1,220 residential unitsand sold 1,045 residential units in different markets in MMR, Maharashtra. In particular, we have established a successful trackrecord of completing our projects on time, and from CY 2003 to March 2024, we have successfully completed redevelopmentof 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in whichwe hold the majority stake) with a combined constructed area of 1,000,000 square feet (approx.). This track record hasestablished us as one of the major player of redevelopment in the Mumbai western suburbs (Source: Anarock Report).

Arkade Developers Ltd. IPO Details

IPO Date September 16, 2024 to September 19, 2024
Listing Date September 24 2024
Face Value ₹10 per share
Price Band ₹121 to ₹128 per share
Lot Size 110 Shares
Total Issue Size 23775719 Shares
Issue Type Book building
Listing At BSE  NSE 
Share holding pre issue 131479848
Share holding post issue -

Arkade Developers Ltd. IPO Promoter Holding

The promoter of the company is Amit Mangilal Jain,

Share Holding Pre Issue 85.58%
Share Holding Post Issue

Arkade Developers Ltd. IPO Objectives

1. Funding a part of the costs to be incurred in the development of our Ongoing Projects (viz. Arkade Nest), and our Upcoming Projects (Funding Development Expenses); and2. Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes,

Arkade Developers Ltd. IPO Prospectus

Arkade Developers Ltd. Lead Managers

  • Unistone Capital Pvt Ltd.

Arkade Developers Ltd. IPO Contact Information

  • Sheetal Haresh Solani
  • Phone: +91 (22) 28874742
  • Email: cs@arkade.in

Arkade Developers Ltd. IPO Registrar

  • Name: Bigshare Services Pvt Ltd
  • Phone: +91-022-62638200
  • Email: Investor@bigshareonline.com