Arkade Developers IPO: Don't subscribe before checking Anil Singhvi's views - Full details here
Arkade Developers IPO: Real estate developer Arkade Developers Ltd's Rs 410-crore initial public offering (IPO) is now open for subscription. The maiden public issue is entirely through a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component.
Arkade Developers IPO: Subscription Dates
Arkade Developers IPO: The initial share sale will be open for public subscription on September 16 and conclude on September 19.
Arkade Developers IPO: Price Band
Arkade Developers IPO price band is set at Rs 121 to Rs 128 per share.
Arkade Developers IPO: Anil Singhvi's View
Arkade Developers IPO: According to Zee Business Managing Editor Anil Singhvi, one subscribes to this IPO for reasonable listing gains and with a mid-term perspective.
Arkade Developers IPO: Some of the Positives of the IPO Highlighted by Anil Singhvi
Arkade Developers IPO: Positives
- Experienced promoters
- Track record of timely completion of projects
- Strong financial track record for last three years
- Strong pipeline of present and upcoming projects
- Attractive valuations
Arkade Developers IPO: Some of the Negatives of the IPO Highlighted by Anil Singhvi
Arkade Developers IPO: Negatives
- Focus only on Mumbai's western suburbs
- Huge competition
Arkade Developers IPO: How does the company plan to use proceeds?
Arkade Developers IPO: Proceeds from the issue will be used for the development of the company's ongoing as well as upcoming projects; and funding acquisition of future real estate projects and general corporate purposes.
Arkade Developers IPO: Book-running lead manager
Arkade Developers IPO: Unistone Capital is the sole book-running lead manager (BRLM) to the issue.
Arkade Developers IPO: Basis of Allotment
Arkade Developers IPO: The allotment is expected on Friday, September 20, 2024.
Arkade Developers IPO: Expected listing date
Arkade Developers IPO: The equity shares of the company are expected to be listed on the BSE and NSE on September 24.
Arkade Developers IPO: Revenue
Arkade Developers IPO: Arkade Developers' revenue in fiscal 2023, fiscal 2022 and fiscal 2021 stood at Rs 224.01 crore, Rs 237.18 crore and Rs 113.18 crore, respectively.