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Issue Open Date
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16-Sep-24
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Issue Closing Date
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19-Sep-24
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Application Money
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100
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Allotment Money
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Price Band
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121
-
128
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Minimium Application No.
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110
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Issue Size (Shares)
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23775719
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Market Lot
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1
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Objective
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1. Funding a part of the costs to be incurred in the development of our Ongoing Projects (viz. Arkade Nest), and our Upcoming Projects (Funding Development Expenses); and2. Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes,
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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5057852
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824536460
|
163.021072977224
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Qualified Institutional Buyers
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6743800
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1100300410
|
163.157331178267
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Retail Individual Investors
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6743800
|
1100300410
|
163.157331178267
|
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Business Description:
We are a real estate development Company concentrating on the development of premium aspirational lifestyle residentialpremises in Mumbai, Maharashtra, India’s commercial capital. Our business can broadly be classified into two categories: (i)development / construction of residential premises on land acquired by our Company (New Projects) and (ii) redevelopmentof existing premises (Redevelopment Projects). As on June 30, 2024, we have developed 2.20 million square feet of residentialproperty (including through partnership entities in which we hold the majority stake). We are engaged in the development ofnew projects and redevelopment of existing premises, and between 2017 and Q1 2024, we have launched 1,220 residential unitsand sold 1,045 residential units in different markets in MMR, Maharashtra. In particular, we have established a successful trackrecord of completing our projects on time, and from CY 2003 to March 2024, we have successfully completed redevelopmentof 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in whichwe hold the majority stake) with a combined constructed area of 1,000,000 square feet (approx.). This track record hasestablished us as one of the major player of redevelopment in the Mumbai western suburbs (Source: Anarock Report).
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Promoter's Holding
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Total Share Capital
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131479848
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Offered to Public
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23775719
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Promoter's Holding (Pre-Issue)
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85.58
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Promoter's Holding (Post-Issue)
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Address |
Arkade House
Opp. Bhoomi Arkade
Near Children’s Academy
A S Marg
Ashok Nagar
Kandivali (East)
Mumbai
,
Maharashtra
,
400101
Phone :
022-28874742
Email :
cs@arkade.in
Website :
www.arkade.in
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Unistone Capital Pvt Ltd.
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Promoters |
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Amit Mangilal Jain
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