Arkade Developers Limited, a prominent name in the Indian real estate sector, is all set to make its debut in the stock market. Known for its residential and commercial projects, Arkade Developers has gained considerable attention due to its consistent performance and strategic growth in the market.
In this article, we delve into the details of the Arkade Developers Limited IPO, providing insights into its timeline, financials, strengths, challenges, and the overall investment potential of the upcoming IPO.
Type of issue | Book built issue IPO |
Issue size | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
Fresh issue | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
Offer period | September 16, 2024 - September 19, 2024 |
Basis of allotment | September 20, 2024 |
Initiation of refunds | September 23, 2024 |
Arkade Developers Limited IPO date of listing | September 24, 2024 |
Arkade Developers IPO price band | ₹121 to ₹128 per share |
Credit of shares to demat | September 23, 2024 |
Minimum lot size | 1 lot (110 shares) amounting to ₹14,080 |
Arkade Developers Limited is a Mumbai-based real estate developer known for delivering high-quality residential and commercial spaces across key urban locations. The company has developed a strong portfolio, focusing on customer-centric designs, timely project delivery, and innovation in construction. Over the years, Arkade Developers has built a solid reputation by catering to both mid-market and premium segments, positioning itself as a trustworthy player in the Indian real estate market.
Metric | Value |
Revenue growth (FY2023 vs FY2024) | 184% |
Profit After Tax (PAT) growth (FY2023 vs FY2024) | 142% |
Investing in the Arkade Developers Limited IPO can be an appealing proposition for those with an interest in the real estate sector. The company’s strong financials, experienced leadership, and clear growth strategy are positive indicators. However, potential investors should carefully learn about the risks associated with the market and the company’s debt levels before applying for the IPO online.
The Arkade Developers Limited IPO offers an opportunity to invest in one of India’s reputable real estate developers with a strong history of performance. Before deciding to apply, market conditions, financial goals, and investment strategy must be carefully evaluated.