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

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 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.

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