Arkade Developers Limited IPO GMP, Price Band, Important Dates: Arkade Developers IPO: Strong IPOs are being listed continuously in the month of September. And investors are also earning good income.
Meanwhile, a good news is emerging for investors. Let us tell you that the IPO of the well-known real estate company Arcade Developers Limited is going to open on 16th September.
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Arcade Developers Limited Company Details
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, Company was converted into a public limited company, pursuant to a special resolution passed by our Shareholders on June 5, 2023, and the name of our Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on July 7, 2023.
Arcade Developers Limited IPO Motive
Arcade Developers Limited intends to raise Rs 410 crore through this IPO. The proceeds from the issue will be used for the development of the company’s existing and upcoming projects and acquisition of future real estate projects. In addition, the company will also incur expenses for general corporate purposes.
Arcade Developers Limited IPO Important Dates
Investors will have the opportunity to invest in this IPO till September 19. So the bidding for anchor investors will open for one day on September 13.
Under the Arcade Developers Limited IPO, only fresh equity shares will be issued and there will be no sale through Offer for Sale (OFS).
Arkade Developers IPO Revenue Details
According to the MINT, Arkade Developers Limited experienced a 184% increase in revenue and a 142% rise in profit after tax (PAT) compared to the financial year ending on March 31, 2023.
Arkade Developers Limited IPO Price Band
Arkade Developers Limited IPO price band has been fixed in the range of ₹121 to ₹128 per equity share of the face value of ₹10.
Arkade Developers Registered and Corporate Office
Arkade House, Opp. Bhoomi Arkade, Near Children’s Academy, A S Marg, Ashok Nagar, Kandivali (East), Mumbai – 400101,Maharashtra, India
Western Carriers India Ltd IPO- GMP / Grey Market Premium, Price Band, Important Details