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Arkade Developers

Arkade Developers is a fast-growing real estate company with a significant presence in Mumbai, Maharashtra. Specializing in both new developments and the redevelopment of existing properties, the company has launched 1,220 residential units and sold 1,045 units between 2017 and the first quarter of 2024 within the Mumbai Metropolitan Region (MMR). By 30 June 2024, Arkade Developers had developed 2.20 million square feet of residential space, including projects in partnership entities where it holds a majority stake. The firm has also completed the redevelopment of 10 properties in Mumbai’s western suburbs and one in south-central Mumbai, covering a total constructed area of 648,000 square feet.

Their current portfolio includes several gated communities such as Arkade Nest, Arkade Crown, Arkade Aspire, Arkade Prime, and Arkade Aura. To date, the company has completed 28 projects, including those developed by its promoter and in collaboration with third parties, with a cumulative area exceeding 4.5 million square feet, serving around 4,000 customers.

Arkade Developers is currently engaged in six ongoing projects, totaling approximately 3.7 million square feet. As of 30 June 2024, the company employed 201 permanent staff.

Arkade Developers IPO Details

Signature Global IPO Details
Arkade Developers IPO Dates
16 – 19 September 2024
Arkade Developers Issue Price
INR 121 – 128 per share Employee Discount – INR 5 per share
Fresh issue
INR 410 crore
Offer For Sale
NIL
Total IPO Size
INR 410 crore
Minimum bid (size)
110 shares (INR 14,080)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
BSE, NSE

Arkade Developers Financial Performance

Signature Global Financial Performance

FY22

FY23

FY24

Revenue

228.93

220.15

634.74

Expenses

178.89

161.41

471.56

Net income

50.84

50.66

122.84

Margin (%)

22.21

23.01

19.35

Figures in INR Crore unless specified otherwise

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