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Home»IPO Analysis»Arkade Developers Limited | IPO Analysis
IPO Analysis

Arkade Developers Limited | IPO Analysis

Vicky NagarBy Vicky Nagar16 September 2024Updated:16 September 2024No Comments2 Mins Read
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Company Overview:

Arkade Developers Limited is a well-established real estate company known for its focus on premium residential developments in Mumbai, Maharashtra. The company operates through two main verticals:

  1. New Residential Projects: These involve the development and construction of residential buildings on land owned by the company.
  2. Redevelopment Projects: Focused on revitalizing and reconstructing existing structures.

Business Operations and Track Record

Since its establishment, Arkade Developers has concentrated on delivering lifestyle-oriented residential projects. Between 2017 and the first quarter of 2024, the company initiated 1,220 residential units and successfully sold 1,045 units in the Mumbai Metropolitan Region (MMR). As of June 30, 2024, the company had developed over 2.20 million square feet of residential space.

From 2003 to March 2024, Arkade Developers completed 11 redevelopment projects in Mumbai's western suburbs, along with one project in south-central Mumbai through a joint venture, covering approximately 1 million square feet of constructed area.

IPO Objectives

The proceeds from the IPO will be directed towards:

  • Financing ongoing projects.
  • Acquiring new projects.
  • General corporate expenses.

Promoter Information

The company’s promoter is Mr. Amit Mangilal Jain.

  • Pre-Issue Shareholding: 85.58%
  • Post-Issue Shareholding: 70.82%

Summary of Financial Information:

Period Ended 31-Mar-24 31-Mar-23 31-Mar-22
Assets 575.01 555.41 369.97
Revenue 635.71 224.01 237.18
Profit After Tax 122.81 50.77 50.84
Net Worth 323.4 200.32 149.5
Reserves and Surplus 171.4 198.32 147.49
Total Borrowing 69.41 149.00 64.41
Amount in Rs. Crore

Comparison with Listed Peers:

Company Name P/E P/B RoE (%)
Arkade Developers Ltd 16 3 46
Keystone Realtors Ltd 100 5 6
Godrej Properties Ltd 73 8 7
Macrotech Developers Ltd 64 7 11
Suraj Estate Developers Ltd 40 6 23

Key IPO Details:

  • IPO Dates: 16 to 19 September 2024
  • Price Band: Rs. 121 to Rs. 128 per share
  • Lot Size: 110 shares
  • Total Issue Size: Rs. 410.00 crore (Fresh Issue: Rs. 410 Cr.)
  • Listing Date: 24 Sep, 2024
  • Retail Quota: 35%
  • GMP: +46% (For information only)
Allotment Link

Note: For additional information & risk factors please refer to the Red Herring Prospectus

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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.

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Vicky Nagar
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Vicky Nagar is an equity trader with 5+ years of experience in trading and investing. He has expertise in equity valuation, sectoral analysis, index analysis, and in identifying the market trends. He is a NISM Certified Research Analyst. Formerly a relationship manager at Kotak Mahindra Bank Limited in the Agri-Business Group, he also has teaching experience at KS School of Business Management, Gujarat University, and as an Academic Associate at IRMA (Institute of Rural Management Anand). He holds a BBA (Gold Medalist) and an MBA (Gold Medalist) in Marketing.

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