Arkade Developers IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Arkade Developers IPO. Explore Arkade Developers IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Arkade Developers Limited is a real estate development company focused on creating premium, aspirational residential spaces in Mumbai, Maharashtra. The company operates in two key segments: new residential projects and redevelopment projects. Arkade Developers has successfully developed over 22 lakh square feet of residential property as of June 2024. Since its inception, Arkade Developers has completed 28 projects, including stand-alone developments and joint ventures, serving over 4,000 customers. The company’s strategic focus is on the Mumbai Metropolitan Region (MMR), one of the most expensive and high-demand real estate markets in India. Arkade Developers has a reputation for delivering projects across various price points, with ongoing projects like Arkade Nest, Arkade Aspire, Arkade Prime and Arkade Aura.
Key Points:
- Track Record: Arkade Developers has been in the real estate market for over two decades, completing 28 projects and developing more than 45 lakh square feet.
- Project Categories: The company focuses on:
- New Residential Projects: Development of new premium lifestyle homes.
- Redevelopment Projects: Transforming existing premises into modern residential spaces.
- Ongoing Projects: Current developments include gated communities like Arkade Nest, Arkade Aspire, Arkade Prime, and Arkade Aura, with broad price points ranging from ₹94.4 lakh to ₹6.25 crore per unit.
- Market Presence: Arkade Developers is among the top developers in Mumbai’s western suburbs, focusing on high-demand areas like Borivali West, Goregaon East and Santacruz West.
- Strategic Location: Operating primarily in MMR, Maharashtra, the company benefits from being in one of India’s largest and most expensive real estate markets.
Objects of the Issue
- Funding a part of the costs to be incurred in the development of the Ongoing Projects
- Funding acquisition of yet-to-be identified land for real estate projects
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 16 Sep - 19 Sep 2024 |
| IPO Price Band | ₹121 - ₹128 per share |
| Fresh Issue | ₹410 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹410 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 16 Sep 2024 |
| IPO Closing Date | 19 Sep 2024 |
| Basis Of Allotment | 20 Sep 2024 |
| Refunds | 23 Sep 2024 |
| Demat Transfer | 23 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 113.19 | 237.18 | 224.01 | 635.71 |
| Total Expenses | 83.48 | 178.89 | 161.41 | 471.56 |
| Net Profit/Loss | 21.72 | 50.84 | 50.77 | 122.81 |
| NPM (*) | 20.06 | 22.21 | 23.06 | 19.35 |
| Total Assets | 349.74 | 369.97 | 555.41 | 575.01 |
| Total Liabilities | 249.66 | 220.67 | 355.04 | 251.37 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 1.39 | 3.32 | 3.34 | 8.08 |
| ROE (%) | 24.53 | 40.90 | 29.02 | 46.90 |
| ROCE (%) | 30.16 | 46.17 | 24.30 | 47.34 |
| D/E Ratio | 0.14 | 0.43 | 0.74 | 0.21 |
| Current Ratio | 1.33 | 1.60 | 1.92 | 2.45 |
| EBITDA MARGIN (%) | 28.17 | 30.56 | 31.04 | 26.68 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Arkade Developers Limited | 634.74 | 15.84 | 8.08 | 46.90 | 21.28 |
| Keystone Realtors Limited | 2,222.25 | 74.85 | 9.82 | 6.40 | 157.81 |
| Godrej Properties Limited | 3,035.62 | 111.53 | 26.08 | 7.76 | 359.40 |
| Macrotech Developers Limited | 10,316.10 | 78.46 | 15.99 | 10.32 | 180.80 |
| Suraj Estate Developers Limited | 412.21 | 40.92 | 19.39 | 22.97 | 148.30 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 172.6 |
| Non-Institutional Investor (NII/HNI) | 172.22 |
| Retail Individual Investor (RII) | 53.78 |
| Total | 113.49 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- AMIT MANGILAL JAIN
Lead Managers
- Unistone Capital Private Limited
Company Address
Arkade Developers Limited
Arkade House, Opp. Bhoomi Arkade, Near Children’s Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai - 400101, Maharashtra, India.
Phone: +91 (22) 28874742
Email: cs@arkade.in
Website: www.arkade.in
FAQs
- What is the issue size of the Arkade Developers IPO?The Arkade Developers IPO has an issue size of ₹410 crore. This includes a fresh issue of ₹410 crore and an offer for sale (OFS) of NIL.
- What is the price band of the Arkade Developers IPO?The price band for the Arkade Developers IPO is ₹121 - ₹128 per share.
- What are the bidding dates for the Arkade Developers IPO?The Arkade Developers IPO will open for bidding on 16 Sep 2024 and close on 19 Sep 2024.
- What is the allotment date for the Arkade Developers IPO?The allotment date for the Arkade Developers IPO is 20 Sep 2024.
- What is the listing date for the Arkade Developers IPO?The listing date for the Arkade Developers IPO is 24 Sep 2024.
- What is the Arkade Developers IPO grey market premium?The grey market premium (GMP) for the Arkade Developers IPO is currently at ₹63, with an expected listing gain of approximately 49.22%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.