Arkade Developers IPO 2024: A Promising Investment Opportunity in Real Estate
Arkade Developers is poised for growth in the booming real estate market, making it a smart addition to your portfolio.
Arkade DevelopersIpoReal EstateInvestment OpportunityMumbaiMaharashtraReal Estate NewsSep 22, 2024
The company operates in two main segments new projects and redevelopment projects. Between 2017 and the first quarter of 2023, Arkade Developers launched 1,040 residential units, selling 792 of them across different markets in the Mumbai Metropolitan Region (MMR), Maharashtra.
The proceeds from the IPO will be allocated to the development of ongoing and upcoming projects, financing future real estate acquisitions, and covering general corporate expenses. Unistone Capital Pvt Ltd is serving as the book-running lead manager for the IPO, with Bigshare Services Pvt Ltd acting as the registrar.
The IPO is set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date of September 24, 2024.
Brokerage firms such as SBI Securities, Anand Rathi, and Canara Bank Securities have recommended subscribing to the IPO, citing the company's growth potential and stable financial performance.
As the IPO is set to be listed on September 24, 2024, investors are eagerly awaiting further announcements regarding the exact listing date. The company's financials show a revenue increase of 184% and a 142% rise in profit after tax (PAT) for the financial year ending March 31, 2024, compared to the previous year.
With a strong track record and promising growth prospects, Arkade Developers IPO 2024 is an attractive investment opportunity for those looking to tap into the booming real estate market.
About Unistone Capital Pvt Ltd
Unistone Capital Pvt Ltd is a leading investment banking firm that provides a range of financial services, including IPO management, mergers and acquisitions, and equity research.
About Bigshare Services Pvt Ltd
Bigshare Services Pvt Ltd is a registrar and transfer agent that provides share registry and transfer services to companies.
Frequently Asked Questions
What is the price band of the Arkade Developers IPO?
The price band of the IPO is set between Rs 121 and Rs 128 per share.
What is the minimum lot size for retail investors?
The minimum lot size for retail investors is 110 shares, which requires an investment of Rs 14,080.
What is the tentative listing date of the IPO?
The tentative listing date of the IPO is September 24, 2024.
Who is the book-running lead manager for the IPO?
Unistone Capital Pvt Ltd is serving as the book-running lead manager for the IPO.
What is the registrar for the IPO?
Bigshare Services Pvt Ltd is acting as the registrar for the IPO.
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