Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding ongoing residential projects
Part of the development cost for the company's ongoing projects, referred to as Arkade Nest, Prachi CHSL and the C-Unit development.
Land acquisition and general corporate purposes
Funding acquisition of yet-to-be-identified land parcels for future real estate projects, along with general corporate purposes.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
No peer comparisons added yet.
Arkade Developers Limited is a Mumbai based real estate developer that builds premium, lifestyle-oriented residential projects across the Mumbai Metropolitan Region. Its business is split between developing new residential buildings on land it acquires directly and redeveloping older buildings in partnership with existing societies and landowners, an integrated model that keeps most stages of a project, from land sourcing to construction and handover, within the group. Incorporated in 1986 and headquartered in Kandivali, Mumbai, the company has built a track record spanning close to four decades. Over the last two decades it has completed 28 projects together spanning more than 4.5 million square meters of built-up area and serving over 4,000 customers, comprising 11 projects executed on its own or through partnership firms in which it held a majority stake, 8 projects carried out through the promoter's proprietorship concern, and 9 through joint development arrangements with third-party landowners. The company positions itself among the established mid-sized residential developers in the MMR market, with a pipeline of ongoing projects including Arkade Nest, Prachi CHSL and its C-Unit development. Its growth strategy centers on continuing to acquire redevelopment and fresh-construction opportunities within Mumbai while funding project costs from a mix of internal accruals, promoter capital and market borrowing.
Ahead of the public issue, Arkade Developers allotted about 95.6 lakh shares to anchor investors at the issue price of Rs 128 per share, raising approximately Rs 122 crore through the anchor book a few days before the offer opened for public bidding.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Strong and improving profitability
Revenue and profit grew sharply in FY24, and the company posted a high return on equity and return on capital employed, reflecting efficient use of its capital base.
Low leverage for a real-estate developer
Borrowing is modest relative to net worth, with projects funded mainly through promoter capital and internal accruals rather than heavy debt.
Established execution track record
Nearly four decades in Mumbai real estate with a history of completing projects through both direct construction and redevelopment, built on an in-house, integrated project model.
Reasonable valuation versus FY24 earnings
The issue was priced at a price-to-earnings multiple that several analysts viewed as undemanding relative to the company's latest year's profit growth.
Concentrated in one region
Nearly all projects are located in the Mumbai Metropolitan Region, so a slowdown in that specific property market would disproportionately affect the business.
History of negative operating cash flow
Operating cash flows were negative in FY22 and FY23 as inventory and other working-capital items grew, a pattern that could recur and pressure liquidity if it continues.
Ongoing legal proceedings
The company, its promoter and group entities are party to various legal disputes, and unfavourable outcomes could affect reputation and financial position.
Arkade Developers Limited
Arkade House, Next to Children's Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai 400101, Maharashtra, India
View on Maps →No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.
Project sourcing and execution risk
Growth depends on continuing to identify and acquire land or redevelopment opportunities and manage regulatory approvals and delays, without long-term contracts locking in labour or material supply.