Arkade Developers Share Price LIVE: Stock Drops 1.4% After Listing with 36.7% Premium on NSE

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Arkade Developers Share Price Updates

The Arkade Developers ₹410 crore IPO opened to strong demand, with the company setting a price band of ₹121-₹128 per share. This IPO was a fresh issuance of shares, with no Offer-For-Sale (OFS) component. The funds raised will help the company expand its real estate projects and meet general corporate needs.

Arkade Developers Share Price

Arkade Developers Share Price Live Updates

11:27 AM Update

  • Stock Price: ₹172.5 (-1.4%)
  • Traded Volume: 385.2 lakhs
  • Traded Value: ₹687.6 crore
  • Total Market Capitalization: ₹3,200.6 crore

11:03 AM Update

  • Current Price: ₹176.6 (+0.9%)
  • Issue Price: ₹128
  • Open Price: ₹175
  • Day High: ₹190
  • Day Low: ₹165.5

10:29 AM Update
Arkade Developers’ shares are trading at ₹172.9 per share on the NSE, 1.2% lower than their current price, but still a significant 36.7% premium over the IPO issue price.

10:14 AM Update
The stock surged to ₹182.2 after listing, a 4.1% increase in early trading. Arkade Developers shares started trading at a 36.7% premium over the issue price on the NSE.

10:02 AM Update
Arkade Developers had a strong debut, listing at ₹175 per share on the NSE. This represents a 36.7% premium over the IPO issue price of ₹128. On the BSE, the stock opened at ₹175.9, marking a 37.4% increase.

9:47 AM Update
The shares listed on the BSE at ₹175.9 per share, which is 37.4% higher than the issue price of ₹128.

Arkade Developers IPO Growth and Financials

Between FY22 and FY24, Arkade Developers demonstrated impressive growth:

  • Revenue CAGR: 40%
  • Profit CAGR: 34%

Financial Performance (FY22 – FY24):

  • Revenue:
    • FY22: ₹228 crore
    • FY23: ₹220 crore
    • FY24: ₹634 crore
  • Net Profit:
    • FY22: ₹50.8 crore
    • FY23: ₹50.7 crore
    • FY24: ₹122 crore

Arkade Developers IPO Subscription Details

The Arkade Developers IPO saw tremendous demand, with subscriptions over 106 times during the bidding period.

  • Retail Investors: 50.65 times
  • Qualified Institutional Buyers (QIBs): 163.16 times
  • Non-Institutional Investors (NIIs): 162.75 times

The IPO’s allotment status was finalized on September 20, 2024.

Use of Funds

The ₹410 crore raised will be used for the development of existing and future real estate projects, as well as general corporate purposes.

Arkade Developers: Details

Arkade Developers is a fast-growing real estate firm with a strong presence in Mumbai. The company operates two business verticals:

  1. New Projects: Focused on residential development.
  2. Redevelopment Projects: Specializing in redeveloping existing premises.

The company is positioned for growth, with the IPO proceeds set to accelerate expansion across both verticals.

Read More: Phoenix Overseas IPO GMP details: Should you Buy it?

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