Arkade Developers IPO Allotment Status: Subscription Surge and Latest GMP Insights Ahead of Share Allocation

Arkade Developers will finalize its IPO allotment, following a highly successful subscription period. The company, known for its real estate developments in Mumbai, opened its IPO for bidding from September 16 to September 19, 2024. Investors are keenly awaiting the results, as the IPO has attracted significant interest, reflected in its impressive subscription rates and grey market premium (GMP).

What is Arkade Developers IPO?

Arkade Developers is a prominent real estate company based in Mumbai. The IPO aimed to raise ₹410 crore by offering 3.2 crore fresh shares at a price band of ₹121 to ₹128 per share. The minimum investment required for retail investors was ₹14,080, which corresponds to one lot of 110 shares.

Arkade Developers IPO Subscription Status

The response to the Arkade Developers IPO has been overwhelming. By the end of the subscription period, the issue was oversubscribed by 106.83 times overall. Here’s a detailed breakdown of the subscription data:

• Qualified Institutional Buyers (QIBs): Subscribed 163.16 times
• Non-Institutional Investors (NIIs): Subscribed 162.75 times
• Retail Individual Investors (RIIs): Subscribed 50.65 times

This high level of interest indicates strong confidence among investors regarding the company’s growth potential and market positioning.

Arkade Developers IPO GMP Today

As of today, the grey market premium for Arkade Developers shares stands at approximately ₹60, suggesting a potential listing gain of around 46.88% based on the upper end of the IPO price band. If this GMP holds until listing day, shares could debut at around ₹188 on both BSE and NSE.

How to Apply for Arkade Developers IPO

Investors had multiple avenues to apply for the Arkade Developers IPO during the application window. Applications could be submitted through various channels, including banks and online brokerage platforms that facilitate IPO applications.

Arkade Developers IPO Prospectus Analysis

The prospectus reveals that proceeds from the IPO will be allocated towards:

• Development of ongoing and upcoming projects
• Acquisition of new real estate projects
• General corporate purposes

This strategic allocation highlights the company’s commitment to expanding its footprint in Mumbai’s competitive real estate market.

Key Dates for Arkade Developers IPO

• IPO Opening Date: September 16, 2024
• IPO Closing Date: September 19, 2024
• Allotment Date: September 20, 2024
• Refund Initiation Date: September 23, 2024
• Listing Date: September 24, 2024

How to Check Arkade Developers IPO Allotment Status

Investors can check their allotment status through various online platforms:

1. Bigshare Services:
   • Visit Bigshare Services
   • Select “Arkade Developers Limited”
   • Enter your PAN number or application number along with captcha code.
2. BSE Website:
   • Go to BSE India
   • Choose “Equity” under issue type
   • Select “Arkade Developers Limited” and enter your details.
3. NSE Website:
   • Access NSE India and follow similar steps as above.

Arkade Developers IPO Financials Review

Arkade Developers has shown robust financial performance over recent years. The company’s revenue growth is supported by a well-diversified project portfolio that includes both new constructions and redevelopment projects.

Financial Highlights:

• Debt-to-Equity Ratio: The company maintains a healthy balance between debt and equity.
• Return on Capital Employed (ROCE): High ROCE indicates effective use of capital.
• Return on Equity (ROE): Positive ROE figures reflect profitability and value creation for shareholders.

Market Sentiment and Risks

The overall market sentiment towards Arkade Developers remains optimistic due to its established reputation in Mumbai’s real estate sector. However, potential risks include:

• Ongoing litigations that may affect project timelines.
• Rising costs related to raw materials and contractors.
• Market volatility that could impact investor confidence.

Competitors Analysis

In comparison to its competitors in Mumbai’s real estate market, Arkade Developers has established itself by focusing on high-quality residential developments. This focus provides a competitive edge in attracting discerning buyers.