31 Mar 2022
Assets369.97
Total Income237.18
Profit After Tax50.84
NET Worth149.50
Reserves and Surplus147.49
Total Borrowing64.41
At a glance
Updated 2026-09-13The shares listed at ₹175.00, a 36.72% move from the issue price. Arkade Developers is a Mainboard IPO with an issue size of ₹410.00 crore, proposed for listing on BSE, NSE. The offer opens on 16th Sep 2024 and closes on 19th Sep 2024. The issue structure includes a fresh issue of ₹410.00 crore. The current listing schedule points to 24th Sep 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹410.00 Cr
Fresh issue₹410.00 Cr
Face value₹10
Price band₹121.00–₹128.00
Allotment20th Sep 2024
Listing24th Sep 2024
Listing performance
Full performance ↗Issue price₹128.00
Listing price₹175.00
Current price—
Listing gain36.72%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹63.00
GMP / upper price49.22%
Est. listing₹191.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens16th Sep 2024
Closes19th Sep 2024
Allotment20th Sep 2024
Refund23rd Sep 2024
Demat23rd Sep 2024
Listing24th Sep 2024
Subscription demand
Full bidding ↗Total112.67×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 110 | ₹14,080 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| 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 Cr |
| Funding acquisition of yet-to-be identified land for real estate projects and general corporate purposes | ₹131.07 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue635.71₹ Cr · +183.8% vs prior year
PAT122.81₹ Cr · +141.9% vs prior year
Assets575.01₹ Cr · +3.5% vs prior year
Net Worth323.40₹ Cr · +61.4% vs prior year
Borrowing69.41₹ Cr · -53.4% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets555.41
Total Income224.01
Profit After Tax50.77
NET Worth200.32
Reserves and Surplus198.32
Total Borrowing149.00
31 Mar 2024
Assets575.01
Total Income635.71
Profit After Tax122.81
NET Worth323.40
Reserves and Surplus171.40
Total Borrowing69.41
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 46.90% |
| ROCE | 47.34% |
| Debt / Equity | 0.21% |
| RoNW | 46.90% |
| PAT Margin | 19.35% |
| Price to Book Value | 6.02 |
Valuation & shareholding
Pre-IPO EPS7.99
Post-IPO EPS6.61
Pre-IPO P/E16.01
Post-IPO P/E19.35
Promoter holding pre85.58%
Promoter holding post70.82%
Market cap₹2376.41 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Arkade Developers IPO | — | 19.35 x | — | — |
| Cube Highways IPO | — | - | — | — |
| Bagmane Prime IPO | — | - | — | — |
| Property Share IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission, as applicable) | ₹1.45 Cr |
| Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Issue and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(1)(2)(3)(4)(5) | ₹0.32 Cr |
| Fees payable to Registrar to the Issue | ₹0.09 Cr |
| Advertising and marketing expenses | ₹0.16 Cr |
| Fee payable to auditors, consultants and market research firms | ₹0.10 Cr |
| Others (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; | ₹0.49 Cr |
| (ii) Printing and distribution of stationery; | ₹0.01 Cr |
| (iii) Fees payable to legal counsel; and | ₹0.11 Cr |
| (iv) Miscellaneous. | ₹0.17 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Unistone Capital Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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