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ARKADE IPO

Arkade Developers Limited

IPO Doc

Start Date16-09-2024

Application Timing10am-5pm

Price Range₹121 - ₹128

Min Qty110

Min. Investment₹13310

Listing DateNA

Close Date19-09-2024

About Arkade Developers Limited

Arkade Devlopers is a fast growing real estate development Company with a significant presence in Mumbai, Maharashtra. Company's operations are concentrated on the development of premium aspirational lifestyle residential premises in Mumbai, India’s commercial capital. As on July 31, 2023, they have developed 1.80 million square feet of residential property (including through partnership entities in which they hold the majority stake).

We are, currently, developing approximately 2 million square feet across 5 Ongoing Projects and 2 Upcoming Projects.

Why To Invest in Arkade Developers Limited

Leading developer in Mumbai Metropolitan Region.

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Funding is part of the costs to be incurred in developing the Ongoing Projects (viz. Arkade Nest, Prachi CHSL, and C-Unit) (Funding Development Expenses); and
Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes.

Financial Table

Year	FY 2021	FY 2022	FY 2023
Revenue from Operations (Rs. Cr)	108.2	228.9	220.1
Profit after Tax (Rs.Cr)	21.7	50.8	50.6

Strengths And Risks

Strategic location of projects : Arkade Developers' operations are strategically located in Mumbai, the biggest and most expensive real estate market in India. From 2017 to 2023, the MMR, Maharashtra has contributed the highest annual sales share of residential units across the top 7 cities in India, ranging from 27% to 32%.

Leading player in select micro-markets : Company is a leading player in select micro-markets and an established developer in the MMR, Maharashtra , one of the highest density cities in the country. Additionally, Mumbai is the biggest and most expensive real estate market in India.

Timely completion of projects: A key aspect of company's success and growth over the years has been its ability to consistently deliver projects within and before the scheduled project completion timelines.

Competitive industry: Company operates in a competitive industry with a number of other international, national, and regional developers that offer competing units in projects in the Mumbai Metropolitan Region (MMR) and surrounding regions.

Negative cash flows: Company had negative cash flows from operating activities in Fiscals 2023 and 2022, investing and financing activities in Fiscal 2021. Such instances may occur in the future and impact the prospects negatively.

Approvals and permits: Some of company's ongoing Projects require them to obtain approvals or permits, and they are required to fulfill certain conditions. Any failure to obtain the necessary approvals in time or at all may result in material delays in ongoing projects and could have an adverse impact on operations.

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Connect With Us

Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

AMFI Registration:
ARN-35911

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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

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Client registration documents in Vernacular languages: Get Documents