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Arkade Developers IPO
Price Band
₹121.0–128.0
Issue Size
₹410.0 Cr
Lot Size
110 shares
Min Investment
₹14,080
GMP
+₹63.0 (49.22%)
Issue Price
₹128.0
Subject to Sauda
₹5300
Paid only if allotted
Arkade Developers IPO AI Summary
- Arkade Developers IPO is listed on BSE, NSE in the Residential, Commercial Projects sector.
- Price band: ₹121.0–₹128.0 per share, lot size 110 shares (min. investment ₹14,080).
- Subscription window: 16 Sep–19 Sep 2024, listing on 24 Sep 2024.
- Current GMP is +₹63.0 (49.22%), an estimated listing price of ₹191 — unofficial and can change daily.
Arkade Developers Limited is set to launch its IPO with a price band of ₹121.0 to ₹128.0, aiming to raise ₹410 Cr. The company has demonstrated significant growth in revenue and profit over the past year, making it a notable player in the real estate sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Arkade Developers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Sep 2024 — not a current signal.
11 of 12 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Arkade Developers IPO Grey Market Premium (GMP) Today
GMP
+₹63.0
GMP %
+49.22%
Est. Listing
₹191.0
Updated: 25 Jul 2026 14:03
About the Company
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra. The company's business can be divided into two segments: Development/construction of residential buildings on land acquired by the company (new projects); and Redevelopment of existing buildings (Redevelopment Projects) The company is involved in the development of new projects and the redevelopment of existing buildings. Between 2017 and Q1 2024, the company launched 1,220 residential units and sold 1,045 residential units in various markets in MMR, Maharashtra. As of June 30, 2024, the company has developed 2.20 million square feet of residential properties. From CY 2003 to March 2024, the company has completed the redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company held a majority stake) with a total built-up area of 1,000,000 square feet (approx.). In the last two decades, the Company has completed 28 projects including 11 projects on a standalone basis including 2 projects executed through partnership firms in which the Company held a majority stake, 8 projects executed by the promoter through his proprietorship, M/s Arkade Creations, and 9 projects through joint development agreements with other third parties with a total built-up area of more than 4.5 million square meters awarded to more than 4,000 customers. As of June 30, 2024, the company had 201 permanent employees and an additional 850 employees on a contract basis as of June 30, 2024.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 575.01 | 555.41 | 369.97 |
| Total Income | 635.71 | 224.01 | 237.18 |
| Profit After Tax | 122.81 | 50.77 | 50.84 |
| NET Worth | 323.40 | 200.32 | 149.50 |
| Reserves and Surplus | 171.40 | 198.32 | 147.49 |
| Total Borrowing | 69.41 | 149.00 | 64.41 |
Key Ratios
EPS
₹7.99
NAV
₹21.28
ROE
46.90%
ROCE
47.34%
RoNW
46.90%
P/B Value
6.02
P/E Ratio
16.01
Market Cap
₹2376.41 Cr
PAT Margin
19.35%
Debt/Equity
0.21
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Suraj Estate Developers Limited | 148.3 | 22.97% | 40.92 | 19.39 | 19.39 |
| Macrotech Developers Limited | 180.8 | 10.32% | 78.46 | 16.03 | 15.99 |
| Godrej Properties Ltd | 359.4 | 7.76% | 111.53 | 26.09 | 26.08 |
| Keystone Realtors Limited | 157.81 | 6.4% | 74.85 | 9.85 | 9.82 |
| Arkade Developers Limited This IPO | 21.28 | 46.9% | — | 8.08 | 8.08 |
Promoters
Amit Mangilal Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding a part of the costs to be incurred in the development of our Ongoing Projects (viz. Arkade Nest, Prachi CHSL and C-Unit) (Funding Development Expenses); and 250.00 2 Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes 131.07
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹224.01 Cr in the year ending 31 Mar 2023, rising to ₹635.71 Cr by 31 Mar 2024. This significant increase indicates strong growth in the company's revenue over the period.
Profit Trend
Profit After Tax was ₹50.77 Cr for the year ending 31 Mar 2023, increasing to ₹122.81 Cr by 31 Mar 2024. This upward trend reflects the company's improving profitability.
Valuation
At the issue price of ₹128.0, Arkade Developers has an implied P/E ratio of 16.01, compared to peers trading at P/E ratios ranging from 40.92 to 111.53.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which a stock may list on the stock exchange compared to its issue price. A positive GMP suggests strong demand for the IPO in the grey market, while a negative GMP can indicate weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term investment horizon typically weigh IPOs like this against their growth potential and market conditions. It's essential to consider the company's performance, sector trends, and individual investment goals.
Who May Want to Wait
Investors who prefer stable, lower-risk investments may want to avoid IPOs like this, which can be subject to significant price fluctuations and market speculation.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and demand for the stock. While some IPOs may experience significant gains on their listing day, others may not perform as expected, leading to potential losses.
This evaluation is generated from Arkade Developers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Arkade Developers IPO GMP today?
Arkade Developers IPO GMP today is +₹63.0 (49.22%), indicating an estimated listing price of ₹191. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Arkade Developers IPO?
The price band of Arkade Developers IPO is ₹121.0–₹128.0 per share.
When does Arkade Developers IPO open and close?
Arkade Developers IPO opens on 16 September 2024 and closes on 19 September 2024.
When does Arkade Developers IPO list on the stock exchange?
Arkade Developers IPO listed on 24 September 2024 at ₹191.0.
What is the lot size for Arkade Developers IPO?
The lot size for Arkade Developers IPO is 110 shares, requiring a minimum investment of ₹14,080.
What is the lot size for this IPO?
The lot size for Arkade Developers' IPO is 110 shares.
What is the minimum investment required?
The minimum investment required is ₹14,080.
What is the price band for the IPO?
The price band for the IPO is ₹121.0 to ₹128.0.
When does the IPO open and close?
The IPO opens on September 16, 2024, and closes on September 19, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the stock compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Sep 2024
Close
19 Sep 2024
Allotment
20 Sep 2024
Listing
24 Sep 2024
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