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:
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.
Arkade Developers Limited’s revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 575.01 | 555.41 | 369.97 | |||||||||||||||||||||||||||
| Revenue | 635.71 | 224.01 | 237.18 | |||||||||||||||||||||||||||
| Profit After Tax | 122.81 | 50.77 | 50.84 | |||||||||||||||||||||||||||
| Net Worth | 323.4 | 200.32 | 149.5 | |||||||||||||||||||||||||||
| Reserves and Surplus | 171.4 | 198.32 | 147.49 | |||||||||||||||||||||||||||
| Total Borrowing | 69.41 | 149 | 64.41 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The market capitalization of Arkade Developers IPO is Rs 2376.41 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.90% |
| ROCE | 47.34% |
| Debt/Equity | 0.21 |
| RoNW | 46.90% |
| P/BV | 6.02 |
| PAT Margin (%) | 19.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.99 | 6.61 |
| P/E (x) | 16.01 | 19.35 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Fresh Issue | 32,031,250 shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 153,626,016 |
| Share holding post issue | 185,657,266 |
Mr. Amit Mangilal Jain is the company promoter.
| Share Holding Pre Issue | 85.58% |
| Share Holding Post Issue |
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