The much-anticipated Arkade Developers Limited IPO is creating a buzz in the Indian real estate and investment market. Scheduled for allotment on Friday, September 20, 2024, this IPO marks a significant milestone for the company and its potential investors. With Arkade Developers Limited being a prominent player in Mumbai’s real estate industry, this IPO presents a lucrative opportunity for both retail and institutional investors alike.
In this blog, we will dive deep into Arkade Developers Limited, the specifics of the IPO, key dates, and allotment processes, providing a detailed guide for prospective investors.
Overview of Arkade Developers Limited
Arkade Developers Limited is a Mumbai-based real estate company renowned for its residential and commercial projects. Over the years, it has built a strong reputation for delivering high-quality construction with a focus on innovation and customer satisfaction. With a track record of successful projects across the Mumbai Metropolitan Region (MMR), Arkade has carved a niche in the highly competitive real estate market.
The company’s portfolio includes luxury residential apartments, commercial spaces, and affordable housing projects. Their commitment to timely delivery, superior design, and sustainable construction practices has earned them the trust of homebuyers and investors.
Key Highlights of Arkade Developers Limited IPO
The Arkade Developers Limited IPO is one of the most awaited public offerings in the real estate sector in 2024. Let’s explore the essential details of the IPO:
- IPO Size: The IPO is expected to raise a significant amount, with both fresh issues of equity shares and an offer for sale (OFS) by existing shareholders.
- Face Value: The face value of each equity share will likely be ₹10, a common practice in Indian IPOs.
- Price Band: The price band for the IPO will be declared closer to the issue opening date, providing a range within which investors can place their bids.
- Market Lot: Investors can bid for shares in lots, with the market lot size expected to be 1 lot of shares.
- Listing Exchange: Post allotment, the company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Issue Type: The IPO will follow a book-building process, with allocations made to institutional buyers, retail investors, and high-net-worth individuals (HNIs).
Important Dates for Arkade Developers Limited IPO
| Event | Date |
|---|---|
| IPO Opening Date | September 13, 2024 |
| IPO Closing Date | September 15, 2024 |
| Allotment Date | September 20, 2024 |
| Refund Initiation Date | September 21, 2024 |
| Demat Credit Date | September 22, 2024 |
| IPO Listing Date | September 24, 2024 |
Arkade Developers Limited IPO Allotment Process
The allotment date for Arkade Developers Limited’s IPO is Friday, September 20, 2024. The allotment process is one of the most critical phases of any IPO, where investors are allocated shares based on their application and the demand for shares.
Here’s a step-by-step breakdown of the allotment process:
Subscription Data Analysis: After the IPO subscription window closes on September 15, the subscription data will be analyzed. Based on the demand for the IPO across different investor categories (Qualified Institutional Buyers, Retail Individual Investors, and Non-Institutional Investors), the allotment will be finalized.
Share Allocation: On the allotment date, the registrar, along with stock exchanges and the company, will determine how many shares each investor will receive. The allotment is based on a proportionate basis, especially in cases where the IPO is oversubscribed.
Checking Allotment Status: Investors can check the allotment status online by visiting the official website of the IPO’s registrar (which will be specified in the IPO prospectus) or via the BSE and NSE websites. To check the allotment status, investors will need their PAN number, application number, or Demat account number.
Refund Initiation: If an investor does not receive shares, or is only partially allotted shares, the refund process will begin on September 21, 2024. Refunds are typically processed directly to the bank account linked with the IPO application.
Credit of Shares to Demat Accounts: The shares allotted to investors will be credited to their Demat accounts by September 22, 2024. Investors will be able to see the credited shares in their accounts and prepare for the listing date.
IPO Listing Date: The IPO shares will debut on the stock exchanges on September 24, 2024. On this day, investors can start trading the allotted shares, and the listing price will be determined based on market demand.
Factors Influencing Arkade Developers Limited IPO Allotment
Several factors influence how shares are allotted during an IPO. Here are a few key aspects that may impact the allotment process:
Oversubscription: If the IPO is oversubscribed, especially in the retail and HNI categories, the allotment process will be done on a proportionate basis. Investors may receive fewer shares than they applied for.
Investor Category: Different investor categories have separate quotas in an IPO. The allotment for each category—Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs)—is based on their respective subscription levels.
Application Size: Investors who apply for more shares may get higher allotment in proportion, depending on the category-wise demand.
Cut-Off Price: Retail investors opting for the “cut-off price” during the IPO application process stand a better chance of receiving an allotment, as their bid is accepted at the final issue price.
How to Check Arkade Developers Limited IPO Allotment Status
Once the allotment process is complete, you can easily check the allotment status online. Here’s how you can do it:
Through the Registrar’s Website: The IPO registrar (name to be announced) will provide a link to check the allotment status. You will need to enter your PAN or application number to view the details.
On BSE Website: Visit the official BSE website and follow these steps:
- Select “Equity” in the issue type.
- Choose “Arkade Developers Limited” from the drop-down list.
- Enter your application number or PAN.
- Click “Search” to view your allotment status.
On NSE Website: Similarly, you can check your allotment status on the NSE website using your PAN or application number.
Conclusion
The Arkade Developers Limited IPO is poised to be a significant event in 2024, offering a valuable opportunity for investors looking to tap into the growing real estate sector. With the allotment date set for Friday, September 20, 2024, investors should prepare by understanding the process and key dates to ensure a smooth experience. As always, it is essential to carefully review the company’s prospectus, analyze its fundamentals, and consider your financial goals before investing.
