Arkade Developers to Launch Rs 410-Crore IPO on September 16
Arkade Developers, a rapidly expanding real estate development firm, is set to launch its initial public offering (IPO) on September 16, with a goal of raising Rs 410 crore.
Arkade Developers IpoReal Estate DevelopmentMumbai Real EstateUnistone CapitalBse ListingNse ListingReal Estate NewsSep 09, 2024
The initial public offering consists solely of new equity shares valued at Rs 410 crore, with no offer-for-sale part. The company has already raised Rs 20 crore via a pre-IPO placement round. The funds raised from the issuance will be utilized to advance both current and future projects, finance the purchase of upcoming real estate ventures, and support overall corporate goals.
Arkade Developers is a rapidly expanding real estate development firm that holds a strong presence in Mumbai. As of July 31, 2023, the company has developed 1.80 million square feet of housing, some of which was done in collaboration with other companies where Arkade has the largest ownership share. Between 2017 and the first quarter of 2023, the company introduced 1,040 residential units and managed to sell 792 residential units in various markets within the Mumbai Metropolitan Region (MMR) of Maharashtra.
In fiscal years 2023, 2022, and 2021, Arkade Developer's revenue was Rs 224.01 crore, Rs 237.18 crore, and Rs 113.18 crore, respectively. Unistone Capital serves as the only book-running lead manager (BRLM) for the issuance. The company's equity shares will be listed on both BSE and NSE.
About Arkade Developers
Arkade Developers is a rapidly expanding real estate development firm that holds a strong presence in Mumbai. The company has developed several residential projects in the Mumbai Metropolitan Region (MMR) of Maharashtra.
About Unistone Capital
Unistone Capital is a leading investment banking firm that provides a range of services, including equity capital markets, debt capital markets, and mergers and acquisitions. The firm serves as the book-running lead manager (BRLM) for Arkade Developers' IPO.
Keywords Arkade Developers, IPO, real estate, Mumbai, Unistone Capital, BSE, NSE
Tags Arkade Developers IPO, real estate development, Mumbai real estate, Unistone Capital, BSE listing, NSE listing
FAQs
Q When will Arkade Developers' IPO launch?
A The IPO will launch on September 16.
Q How much does Arkade Developers aim to raise from the IPO?
A The company aims to raise Rs 410 crore from the IPO.
Q What will the funds raised from the IPO be used for?
A The funds will be used to advance both current and future projects, finance the purchase of upcoming real estate ventures, and support overall corporate goals.
Q Who serves as the book-running lead manager (BRLM) for the issuance?
A Unistone Capital serves as the only BRLM for the issuance.
Q Where will Arkade Developers' equity shares be listed?
A The company's equity shares will be listed on both BSE and NSE.
Frequently Asked Questions
When will Arkade Developers' IPO launch?
The IPO will launch on September 16.
How much does Arkade Developers aim to raise from the IPO?
The company aims to raise Rs 410 crore from the IPO.
What will the funds raised from the IPO be used for?
The funds will be used to advance both current and future projects, finance the purchase of upcoming real estate ventures, and support overall corporate goals.
Who serves as the book-running lead manager (BRLM) for the issuance?
Unistone Capital serves as the only BRLM for the issuance.
Where will Arkade Developers' equity shares be listed?
The company's equity shares will be listed on both BSE and NSE.
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