Arkade Developers Ltd to Launch Rs 410-Crore IPO on September 16: What You Need to Know
Mumbai-based Arkade Developers Ltd is set to launch its initial public offering (IPO) on September 16, with the issue closing on September 19. The company has a strong presence in Mumbai, with 1.80 million square feet of residential property developed as
Arkade Developers LtdIpoReal EstateMumbaiUnistone CapitalReal Estate MumbaiSep 08, 2024
The IPO is an all-fresh equity share issue, with no offer-for-sale (OFS) component, amounting to Rs 410 crore. The company has strategically raised Rs 20 crore through a pre-IPO placement round.
Arkade Developers plans to allocate the IPO funds for development projects, potential acquisitions, and general corporate purposes. With a robust presence in Mumbai, the company has developed 1.80 million square feet of residential property as of July 31, 2023.
Financially, the company's revenue figures for fiscal years 2023, 2022, and 2021 are Rs 224.01 crore, Rs 237.18 crore, and Rs 113.18 crore respectively. Unistone Capital will act as the sole book-running lead manager for the IPO, listed on both BSE and NSE.
About Arkade Developers Ltd Arkade Developers Ltd is a real estate development company with a strong presence in Mumbai. The company has developed several residential projects in the city and has a reputation for delivering quality projects on time.
Information The Indian real estate sector has seen a significant growth in recent years, driven by increasing demand for housing and commercial spaces. The sector has also seen a rise in IPOs, with several real estate companies raising funds through public issues.
Unistone Capital is a leading investment banking firm that provides a range of services, including IPO management, equity research, and M&A advisory.
Tags Arkade Developers Ltd, IPO, Real Estate, Mumbai, Unistone Capital
FAQs
Q What is the size of the Arkade Developers Ltd IPO?
A The IPO is sized at Rs 410 crore.
Q What is the issue date of the IPO?
A The IPO will open on September 16 and close on September 19.
Q What is the purpose of the IPO?
A The company plans to allocate the IPO funds for development projects, potential acquisitions, and general corporate purposes.
Q Who is the book-running lead manager for the IPO?
A Unistone Capital is the sole book-running lead manager for the IPO.
Q Where will the IPO be listed?
A The IPO will be listed on both BSE and NSE.
Frequently Asked Questions
What is the size of the Arkade Developers Ltd IPO?
The IPO is sized at Rs 410 crore.
What is the issue date of the IPO?
The IPO will open on September 16 and close on September 19.
What is the purpose of the IPO?
The company plans to allocate the IPO funds for development projects, potential acquisitions, and general corporate purposes.
Who is the book-running lead manager for the IPO?
Unistone Capital is the sole book-running lead manager for the IPO.
Where will the IPO be listed?
The IPO will be listed on both BSE and NSE.
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