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.
Related News Articles
Brutal Attack on Real Estate Employee: Iron Rod Strikes Eye in Vicious Assault
A violent attack on a real estate employee leaves him critically injured after a minor dispute escalates into a brutal assault.
Welspun One Makes History with Record-Breaking Rs 2,275 Crore Real Estate Fund Raise
Welspun One achieves largest domestic raise in real estate, marking a significant milestone for the Indian real estate industry.
Garuda Construction IPO Surpasses Subscription Target, Attracts 1.91 Times Bids
Garuda Construction and Engineering's initial public offer (IPO) has been fully subscribed, with a 1.91 times oversubscription on the first day. The share sale received bids for 3,80,15,666 shares against 1,99,04,862 shares on offer.
Mumbai's New Elevated Forest Walkway: A Blend of Nature and Eco-Friendly Design
Mumbai is set to welcome its first elevated forest walkway through the Malabar Hill Forest, offering stunning sea views and a unique eco-friendly experience. The project, led by the Brihanmumbai Municipal Corporation (BMC), is nearly 90% complete and is e
WeWork India Secures Major 1.26 Lakh Sq Ft Lease in Mumbai's Powai for ₹1.38 Crore Monthly Rent
WeWork India has secured a significant lease agreement for 1.26 lakh square feet of commercial space in the Lightbridge building, located in the Saki Vihar area of Powai, Mumbai. The deal, valued at ₹1.38 crore per month, underscores WeWork's strategic ex
How Oberoi Realty is Dominating Luxury Real Estate with Design-Led Marketing
Oberoi Realty is revolutionizing the luxury real estate market by focusing on design-led narratives. Discover how they are using innovative marketing strategies to stand out in a competitive industry.