Arkade Developers Sets Sights on Rs 410 Crore IPO from September 16
Mumbai-based realty firm Arkade Developers announces initial public offering in the price band of Rs 121 to Rs 128 per equity share.
Arkade DevelopersIpoReal EstateMumbaiSebiReal Estate MumbaiSep 10, 2024
The funds raised through the IPO will be utilized to fund development expenses to the tune of Rs 250 crore, as well as to acquire land for new real estate projects and for general corporate purposes. In a pre-IPO placement, the company had issued over 1.62 million shares at Rs 123 per equity share, aggregating to Rs 20 crore.
Arkade Developers is a Mumbai-based real estate company that has been actively involved in the development of residential and commercial projects in the city. The company's decision to go public is seen as a strategic move to raise funds and expand its operations in the competitive real estate market.
The Indian real estate sector has been witnessing a surge in activity in recent times, driven by government initiatives and increasing demand for housing. The sector is expected to continue growing in the coming years, driven by factors such as urbanization and increasing disposable incomes.
Arkade Developers' IPO is seen as a positive move by the company to tap into the growing demand for real estate in the country. The company's strong track record and experienced management team are expected to drive growth and expansion in the coming years.
About Arkade Developers Arkade Developers is a Mumbai-based real estate company that has been involved in the development of residential and commercial projects in the city. The company has a strong track record of delivering quality projects on time and has a experienced management team.
About SEBI The Securities and Exchange Board of India (SEBI) is the regulator of the Indian securities market. SEBI is responsible for protecting the interests of investors and promoting the development of the securities market in India.
Frequently Asked Questions
What is the price band of Arkade Developers' IPO?
The price band of Arkade Developers' IPO is Rs 121 to Rs 128 per equity share.
What is the purpose of Arkade Developers' IPO?
The purpose of Arkade Developers' IPO is to raise funds for development expenses, acquisition of land for new real estate projects, and general corporate purposes.
When does Arkade Developers' IPO open and close?
Arkade Developers' IPO opens on September 16 and closes on September 19, 2024.
What is the face value of Arkade Developers' equity shares?
The face value of Arkade Developers' equity shares is Rs 10.
How much did Arkade Developers raise through its pre-IPO placement?
Arkade Developers raised Rs 20 crore through its pre-IPO placement.
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