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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.

Arkade Developers Limited IPO synopsis

Type of issueBook built issue IPO
Issue size32,031,250 shares (aggregating up to ₹410.00 Cr)
Fresh issue32,031,250 shares (aggregating up to ₹410.00 Cr)
Offer periodSeptember 16, 2024 - September 19, 2024
Basis of allotmentSeptember 20, 2024
Initiation of refundsSeptember 23, 2024
Arkade Developers Limited IPO date of listingSeptember 24, 2024
Arkade Developers IPO price band₹121 to ₹128 per share
Credit of shares to dematSeptember 23, 2024
Minimum lot size1 lot (110 shares) amounting to ₹14,080

About Arkade Developers Limited

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.

Arkade Developers Limited financials

MetricValue
Revenue growth (FY2023 vs FY2024)184%
Profit After Tax (PAT) growth (FY2023 vs FY2024)142%

Arkade Developers Limited IPO highlights: strengths

  1. Reputable track record: With over three decades in the real estate market, Arkade Developers has established a trustworthy name with a loyal customer base.
  2. Diverse project portfolio: The company’s presence in both residential and commercial sectors provides a well-balanced portfolio that mitigates risks associated with market fluctuations.
  3. Strategic expansion plans: The IPO proceeds will help Arkade Developers strengthen its land bank and expand its presence in newer markets, leading to potential long-term growth.
  4. Strong financial health: As demonstrated by its growing revenue and profit margins, Arkade Developers has consistently performed financially, signalling stability and confidence to investors.
  5. Experienced leadership: Arkade Developers boasts a seasoned management team with decades of experience in the real estate market, further supporting its growth trajectory.

Arkade Developers Limited IPO highlights: challenges

  1. Sectoral risks: The real estate industry is subject to various macroeconomic factors, such as interest rate fluctuations, regulatory changes, and market demand, all of which can affect the company’s performance.
  2. Market competition: With a number of well-established real estate players in India, Arkade Developers faces intense competition, particularly in key urban areas where market share is highly contested.
  3. Execution risk: The success of future projects and expansions hinges on timely execution and market acceptance. Delays or cost overruns could negatively affect the company’s reputation and financial performance.

Should you invest in the Arkade Developers Limited IPO?

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.

Conclusion

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.

FAQs

  1. What is the Arkade Developers Limited IPO date?
    The IPO listing date is September 24, 2024.
  2. How can I apply for the Arkade Developers Limited IPO?
    Investors can apply for the IPO through their stockbroker or via the ASBA (Application Supported by Blocked Amount) facility.
  3. What is the minimum lot size for the IPO?
    The lot size for Arkade Developers Limited is 110 shares.