Arkade Developers IPO

Their Company was originally incorporated as `Arkade Developers Private Limited’, at Mumbai as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on May 13, 1986. Thereafter, Their Company was converted into a public limited company, pursuant to a special resolution passed by their Shareholders on June 5, 2023, and the name of their Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on July 7, 2023.

Mumbai is one of the biggest and most expensive real estate markets in India. It has various micro-markets along with Mumbai City, suburbs, extended suburbs and neighbouring areas such as Thane and Navi Mumbai. Between 2017 and 2019, the housing market in MMR witnessed a gradual growth in both supply and absorption of housing units, with absorption numbers surpassing the new residential supply. During this period, MMR’s housing supply and absorption recorded respective increases of 45% and 42%.

There are a rapidly growing real estate development Company with a significant presence in Mumbai, Maharashtra. There are engaged in the development of new projects and redevelopment of existing premises, and between 2017 and Q1 2024, There have launched 1,220 residential units and sold 1,045 residential units in different markets in the MMR. (Source: Anarock Report). There have successfully completed redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which there hold the majority stake) with a combined constructed area of 1,000,000 square feet (approx.).

Arkade Developers IPO Strengths

• Strategic location of projects in micro markets of MMR, Maharashtra with entry barriers.
• There are a leading player in select micro markets of, and an established developer in, the MMR, Maharashtra.
• Experienced Promoter and strong and technically proficient management team.
• Strong in-house resources.
• Timely completion of projects.

Arkade Developers IPO Risks

• The company may not be able to successfully identify redevelopment projects or identify and acquire suitable land for its proposed new projects which may have an adverse impact on the business and the growth of the Company.
• Inability to complete the company projects by their expected completion dates or at all could have an adverse effect its business, results of operations and financial conditions.
• The company is subject to penalty clauses under the agreements entered into with its customers for any delay in the completion of the company projects.