# Arkade Developers IPO Day 1: GMP, Subscription Status, Key Dates, Review, and Should You Apply?

URL: https://technosports.co.in/arkade-developers-ipo-day-1/  
Published: 2024-09-16  
Updated: 2024-09-16  
Author: Raunak Saha

[Arkade Developers](https://technosports.co.in/tag/arkade-developers/)Ltd, a prominent real estate company, is set to[launch its Initial Public Offering (IPO)](https://technosports.co.in/arkade-developers-ipo-details-before-applying/)to raise ₹410 crore. The IPO opens for public subscription on **September 16** and closes on **September 19**, with a price band set between **₹121-128** per share.

## Latest updates on Arkade Developers IPO Day 1, including GMP, subscription status, key dates, expert review, and whether you should apply

### Arkade Developers IPO: Key Details

- **IPO Size**: ₹410 crore
- **Price Range**: ₹121-128 per share
- **Lot Size**: 65 shares (and in multiples of 65 shares)
- **Reservation**:
- 50% for **Qualified Institutional Buyers (QIBs)**
- 15% for **Non-Institutional Investors (NIIs)**
- 35% for **Retail Investors**
- Employees are allocated shares worth up to ₹2 crore with a ₹5 discount per share.

![Arkade Developers IPO Day 1: GMP, Subscription Status, Key Dates, Review, and Should You Apply?](https://technosports.co.in/wp-content/uploads/2024/09/image-17-64.jpg)
*Arkade Developers IPO*

### Company Overview

[Arkade Developers Ltd](https://arkade.in/) is a rapidly growing real estate firm with a strong presence in **Mumbai**. By **July 31, 2023**, the company has successfully developed **1.80 million square feet** of residential properties, including projects through partnerships where Arkade holds a majority stake.

From **2017 to Q1 2023**, Arkade has launched **1,040 residential units** and sold **792 units** across the **Mumbai Metropolitan Region (MMR)** in Maharashtra, showcasing its robust market presence.

### Financials

The company has seen fluctuating revenues over the past three years:

- **2023**: ₹224.01 crore
- **2022**: ₹237.18 crore
- **2021**: ₹113.18 crore

### Peer Comparison

According to the red herring prospectus (RHP), [Arkade Developers](https://technosports.co.in/tag/arkade-developers/)competes with several established real estate firms:

- **Keystone Realtors Ltd**: P/E ratio of 74.85
- **Godrej Properties Ltd**: P/E ratio of 111.53
- **Macrotech Developers Ltd**: P/E ratio of 78.46
- **Suraj Estate Developers Ltd**: P/E ratio of 40.92

![Arkade Developers IPO Day 1: GMP, Subscription Status, Key Dates, Review, and Should You Apply?](https://technosports.co.in/wp-content/uploads/2024/09/image-17-67.jpg)
*Arkade Developers IPO*

### GMP and Subscription Status

Ahead of its IPO, Arkade Developers raised ₹122.40 crore from anchor investors, signaling positive market sentiment. The **Grey Market Premium (GMP)** for Arkade Developers is yet to see significant fluctuations, but early indications suggest steady demand.

### Should You Apply?

With a solid presence in Mumbai’s real estate sector, [Arkade Developers](https://technosports.co.in/tag/arkade-developers/)offers potential growth backed by its consistent sales and expansion strategy. However, considering the competitive P/E ratios of its peers, investors should weigh both market risks and the company’s future growth trajectory before applying.

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If you’re interested in Arkade Developers IPO, the subscription window closes on **September 19**, and the shares are likely to list shortly after. Stay updated on the GMP and analyst reviews for better insight.

## FAQs

### **1. What is the Arkade Developers IPO?**

The Arkade Developers IPO is an initial public offering (IPO) where the company aims to raise ₹410 crore by issuing shares priced between ₹121 and ₹128 per share.

### **2. What are the dates for the Arkade Developers IPO?**

The IPO opens for public subscription on **September 16, 2024**, and closes on **September 19, 2024**.

### **3. What is the lot size for the Arkade Developers IPO?**

The lot size for the Arkade Developers IPO is **65 equity shares**, and investors can apply in multiples of 65 shares.

### **4. What is the Arkade Developers IPO GMP (Grey Market Premium)?**

The Grey Market Premium (GMP) for the Arkade Developers IPO is subject to market fluctuations. You can track the latest GMP on financial news platforms or IPO tracking websites.

### **5. How is the Arkade Developers IPO allocated?**

The IPO is allocated with **50% reserved for Qualified Institutional Buyers (QIBs)**, **15% for Non-Institutional Investors (NIIs)**, and **35% for Retail Investors**. Additionally, employees have been allocated shares worth up to ₹2 crore with a ₹5 discount per share.

### **6. Should I apply for the Arkade Developers IPO?**

Whether you should apply depends on your investment goals and risk appetite. Analysts suggest reviewing the company’s financials, market positioning, and peer comparisons before making a decision.

### **7. Who are the anchor investors for the Arkade Developers IPO?**

Arkade Developers secured ₹122.40 crore from anchor investors ahead of its IPO. Specific names of the investors may be available through official announcements or the company’s RHP.