Arkade Developers IPO 2024: Price Band, Dates, Key Details & Investment Insights

 📈 Arkade Developers Limited IPO Overview 📈

📅 IPO Dates:

    Open: September 16, 2024
    Close: September 19, 2024
    Allotment: September 20, 2024
    Listing Date: September 24, 2024

💰 Issue Details:

    Total Issue Size: ₹410 Crores
    Price Band: ₹121 to ₹128 per share
    Lot Size: 110 shares
    Minimum Investment (Retail): ₹14,080
    Anchor Investors Portion: ₹122.40 Crores

📊 Allocation Breakdown:

    Qualified Institutional Buyers (QIB): Up to 50% of the Net Offer
    Retail Investors: At least 35% of the Offer
    Non-Institutional Investors (NII/HNI): At least 15% of the Offer

📋 Key Dates:

    Anchor Bid Date: September 13, 2024
    Basis of Allotment: September 20, 2024
    Refunds Initiation: September 23, 2024
    Shares Credit to Demat: September 23, 2024

🏢 About Arkade Developers Limited: Arkade Developers is a leading real estate firm specializing in high-end residential projects and redevelopment in Mumbai. With a robust portfolio of over 1,200 residential units launched and 2.20 million sq. ft. developed, the company is poised for growth.

📈 Financial Highlights (as of March 31, 2024):

    Revenue: ₹635.71 Crores (up 184% YoY)
    Profit After Tax (PAT): ₹122.81 Crores (up 142% YoY)
    Net Worth: ₹323.4 Crores
    Debt/Equity Ratio: 0.21
    ROE: 46.90%

🔍 Key Metrics:

    Market Cap: ₹2,376.41 Crores
    EPS (Pre-IPO): ₹7.99
    EPS (Post-IPO): ₹6.61
    P/E Ratio (Post-IPO): 19.35x

📑 Book Running Lead Manager:

    Unistone Capital Pvt Ltd

📞 Registrar:

    Bigshare Services Pvt Ltd

For detailed information, refer to the Arkade Developers IPO RHP.

🔗 Follow the link for updates and apply now!

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