Hello there! The details of Arkade Developers’ soon-to-be-launched IPO are already in the air everywhere. For you aspiring investors who want to get the feel of the company to show off to your acquaintances, a full understanding of the situation is required. It is time for me to dive into particulars without horrid, boo-boos slanting away from the facts.
What is the Arkade Developers IPO?
The business of building houses has become a norm in Mumbai where you can find Arkade Developers. They’re launching their IPO. They need ₹410 crores for which they will issue shares priced between ₹121 and ₹128 each.
The Arkade Developers IPO begins on September 16, 2024, and the last day for it is September 19, 2024. The price set for the event is characterized by the number of buyers. Two of the biggest exchanges will be the stock market where the company gets listed.
What’s GMP and Why Does It Matter?
GMP is an acronym for the Grey Market Premium. This figure is the amount of the over-the-table market price for shares that people are willing to pay before they officially go on sale. Till now, the GMP for Arkade Developers is ₹63. Thus, people are willing to spend up to ₹63 over the set price.
The shares might be sold for around ₹191, in case the shares’ initial price is ₹128. Note, however, that this situation might change by the time the sale actually begins.
Important IPO Details
- When: September 16 to 19, 2024
- Price: ₹121 to ₹128 per share
- Minimum Buy: 110 shares
- Total Amount: ₹410 crore
- What They’ll Do With the Money: They’ll produce more buildings and develop more areas of land.
Who are Arkade Developers?
The franchise has been functioning for a span of 20 years, during which time they have wholeheartedly completed 28 projects and have built about 4000 homes. They have not only exact copies of works but also a specific time schedule which does change every time. This IPO is aimed at them building more homes, especially the everyone looking for a home affordable.
How Well is the Company Doing?
Their progress is okay. In the year 2024, they haven been able to pocket ₹635.71 crore, and that is almost thrice the amount they made in 2023. Income after the tax they paid in 2024 is ₹122.81 crore.
Compared with other similar enterprises, Arkade Developers’ shares are not overpriced. Therefore, this may be a good opportunity for those who prefer real estate small investments.
What are the Risks and Opportunities?
Such investment as house building also bears unavoidable risk:
- Probably, a piece of suitable land is hard to find in Mumbai
- Proper feasibility work might take longer
- Consequently, there are more industry-leading firms
Though the following points should be noted if you are interested in investments:
- They work with partners and so do not need much money from loans
- They are very well known with the west Mumbai
How to Buy Shares in the IPO
- You need to have with you a thing known as a Demat account. If not you need to enlist the services of a stockbroker and get one. You can have your broker buy the shares for you.
- Check first if you have the right to buy the stocks.
- Ask the broker you deal’
‘The only other way for me to trade is to use an online platform, whereas I can also call the day-broker if they do not provide necessary instruments.
One of the ways you can do it is by checking if you got shares by September 23, 2024.
Conclusion
This was the complete article on Arkade Developers IPO. The Arkade Developers IPO is definitely something to watch. This is a good company that has a history of success. However, the IPO, like any other investment, has its own pros and cons.
Also Read: Comprehensive KROSS IPO Overview: Investment Insights and KROSS IPO GMP Analysis
FAQs
- What is the most recent GMP?
At ₹63, the shares might go for around ₹191. - When will I be able to buy and sell these shares?
You can start buying and selling on September 24, 2024. - How many shares do I need to buy?
You only have to buy 110 shares.