Arkade Developers IPO subscription status started on September 16, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹410 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹121 to ₹128 per equity share.
The IPO consists of a minimum market lot of 110 Shares requiring an application amount of ₹14,080. Arkade Developers is a Mainline IPO that will be listed on the NSE & BSE.
Also read: Arkade Developers IPO: Dates, Pricing and Allotment 2024
Table of contents
IPO Overview
Arkade Developers Limited, one of Mumbai’s top real estate firms, initially focused solely on building projects. However, today it is developing several gated communities, including Arkade Nest, Arkade Prime, Arkade Crown, Arkade Aspire, and Arkade Aura. Furthermore, the company has completed 27 projects totaling over four million sq ft, serving more than 4,000 customers. Currently, Arkade is working on five ongoing projects and two upcoming ones, covering around two million sq ft. Thanks to its strong brand recognition and customer-centric approach, Arkade has gained significant popularity across Maharashtra.
In addition, Arkade’s business is divide into two key segments: the development of new residential buildings and the redevelopment of existing ones. Notably, between 2017 and Q1 2024, it launched 1,220 residential units and sold 1,045 across various markets in Maharashtra. By June 30, 2024, the company had developed 2.20 million sq ft of residential properties. Over the last two decades, Arkade successfully completed 28 projects, including 11 on a standalone basis, 2 through partnership firms, 8 via the promoter’s proprietorship, and 9 through joint development agreements, amounting to a total built-up area of more than 4.5 million sq ft. Moreover, as of June 30, 2024, Arkade employed 201 permanent workers alongside 850 contract employees.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Arkade Developers IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.25 | 0.47 | 0.65 | 172.60 |
| NII | 8.42 | 29.99 | 62.45 | 172.22 |
| RII | 8.75 | 21.40 | 35.83 | 53.78 |
| Total | 6.31 | 17.41 | 31.73 | 113.49 |
Arkade Developers IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Arkade Developers IPO Form
To apply for the Arkade Developers IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 16, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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