Arkade Developers Limited is a Mumbai-based real estate development company known for its residential and commercial projects. Here’s an overview of the company:
1. Foundation and History:
- Established: Arkade Developers was founded in 1984.
- Founder: Amit Jain.
- The company has grown steadily over the years, positioning itself as a key player in the real estate market of Mumbai and its suburbs.
2. Core Business:
- Primary Focus: The company focuses mainly on residential developments, but also undertakes commercial projects.
- Project Range: From affordable housing to luxurious residential complexes, Arkade Developers has a portfolio that covers different segments of the market.
- Notable Projects: Arkade Earth, Arkade Rise, and Arkade Prime are some of their well-known residential projects.
3. Locations:
- The company has developed properties primarily in Mumbai and its neighboring areas such as Borivali, Malad, Juhu, and Mira Road.
4. Values and Vision:
- Arkade Developers emphasizes delivering projects on time and maintaining high-quality standards.
- The company focuses on customer satisfaction, and strives to build lasting relationships with its clients.
5. Sustainability:
- The firm adopts eco-friendly practices in its construction projects, aiming to provide sustainable living spaces.
6. Future Outlook:
- Arkade Developers continues to expand its project portfolio and build a stronger presence in Mumbai’s real estate market.
Arkade Developers Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 16 Sep 2024 |
| IPO Close Date | 19 Sep 2024 |
| Allotment Date | 20 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Arkade Developers Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 121 to Rs. 128 Per Equity Share |
| Market Lot | 110 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 410 Crore. |
Western Carriers (India) Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 110 | Rs. 14080 |
| Maximum | 14 | 1540 | Rs. 197120 |
| Small HNI (Minimum) | 15 | 1650 | Rs. 211200 |
| Big HNI (Minimum) | 72 | 7920 | Rs. 1013760 |
Arkade Developers Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 575.01 | 555.41 | 369.97 |
| Total Revenue | 635.71 | 224.01 | 237.18 |
| Profit After Tax | 122.81 | 50.77 | 50.84 |
Company Promoters:
Mr. Amit Mangilal Jain is the company promoter.
Objects of this Issue:
- Funding is part of the costs to be incurred in developing the Ongoing Projects (viz. Arkade Nest, Prachi CHSL, and C-Unit) (Funding Development Expenses).
- Funding acquisition of yet-to-be-identified land for real estate projects and general corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Arkade Developers Limited Arkade House, Opp. Bhoomi Arkade, Near Children�s Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai – 400101 Phone: +91 22 2887474 Email: cs@arkade.in Website: http://www.arkade.in/ | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
