Latest news with #ArkadeDevelopersLtd
Mint
a day ago
- Business
- Mint
Sri Lotus Developers IPO opens tomorrow: GMP, issue details, 10 key things to know
Sri Lotus Developers IPO opens for subscription on tomorrow (Wednesday, July 30). Sri Lotus Developers, based in Mumbai, specializes in real estate, particularly focusing on the redevelopment of high-end residential and commercial properties within the luxury and ultra-luxury segments of Mumbai's western suburbs. As of June 30, 2025, the company has successfully completed a total developed area of 0.93 million square feet across both residential and commercial projects. According to the red herring prospectus (RHP), Arkade Developers Ltd has a P/E ratio of 22.03, Keystone Realtors Ltd has a P/E of 48.18, Suraj Estate Developers Ltd has a P/E of 14.91, Sunteck Realty Ltd's P/E stands at 43.26, Mahindra Lifespaces Ltd has a P/E of 91.43, and Hubtown Ltd has a P/E of 68.20. In the 2025 financial year, Sri Lotus Developers achieved a revenue of ₹ 549.68 crore, up from ₹ 461.58 crore the previous year. The net profit surged to ₹ 227.89 crore, an increase from ₹ 119.81 crore in the prior year. As of FY25, the company reported total debt of ₹ 122.13 crore. Sri Lotus Developers and Realty features an impressive group of pre-IPO investors, including cinema icons like Shah Rukh Khan, Amitabh Bachchan, and notable investor Ashish Kacholia. The company's initial public offering (IPO) is planned with a price range of ₹ 140-150 per share, aligning with the price from its private placement in November 2024 when it raised ₹ 400 crore. During that funding round, shares were issued at ₹ 150 each to 118 investors, consistent with the upper end of the IPO price band. Sri Lotus Developers IPO date: Sri Lotus IPO opens for subscription on Wednesday, July 30, and closes on Friday, August 1. Sri Lotus Developers IPO price band: Sri Lotus IPO price band has been fixed in the range of ₹ 140 to ₹ 150 per equity share of face value of Re 1. Sri Lotus Developers IPO lot size: Sri Lotus lot size is 100 equity shares and in multiples of 100 equity shares thereafter. Anchor investors:The allocation to anchor investors for Sri Lotus Developers IPO is scheduled to take place today (Tuesday, July 29). Sri Lotus Developers IPO details: Sri Lotus Developers IPO comprises solely of fresh issue, aiming to raise ₹ 792 crore. Sri Lotus Developers IPO objective: Of the total funds acquired, ₹ 550 crore will be allocated to its subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited—to partially cover the development and construction costs of ongoing projects: Amalfi, The Arcadian, and Varun, respectively. Sri Lotus Developers IPO listing date and allotment details: Tentatively, the allotment basis for shares of Sri Lotus Developers IPO is set to be determined on Monday, August 4. The company plans to process refunds on Tuesday, August 5, and on the same day, shares will be credited to the demat accounts of allottees after the refunds are completed. It is anticipated that Sri Lotus Developers' share price will debut on BSE and NSE on Wednesday, August 6. Lead Manager and Registrar of Sri Lotus Developers IPO: The primary managers for this offering are Monarch Networth Capital and Motilal Oswal Investment Advisors. Kfin Technologies Limited is the registrar for the issue. Sri Lotus Developers IPO reservation: Sri Lotus Developers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Sri Lotus Developers IPO GMP today: Sri Lotus Developers IPO GMP today or grey market premium is +40. This indicates Sri Lotus Developers share price were trading at a premium of ₹ 40 in the grey market on Tuesday, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Sri Lotus Developers share price was indicated at ₹ 190 apiece, which is 26.67% higher than the IPO price of ₹ 150. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
News18
5 days ago
- Business
- News18
Arkade Developers Q1 profit falls 5 pc to Rs 29 cr
Agency: PTI New Delhi, Jul 25 (PTI) Realty firm Arkade Developers Ltd has reported a 5 per cent decline in its consolidated net profit to Rs 28.75 crore in the first quarter of this fiscal. Its net profit stood at Rs 30.21 crore in the year-ago period. Total income rose to Rs 165.22 crore during the April-June quarter of 2025-26 fiscal from Rs 125.51 crore in the corresponding period of the preceding year, according to a regulatory filing on Friday. Mumbai-based Arkade Developers has completed 31 real estate projects comprising over 5.5 million square feet of property. It is building more than 2 million square feet. PTI MJH MJH SHW Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
16-06-2025
- Business
- Business Upturn
Arkade Developers shares rise 2% after company announces Rs 2,000 crore Thane project
By Aditya Bhagchandani Published on June 16, 2025, 09:24 IST Shares of Arkade Developers Ltd rose over 2% to ₹195.50 in Monday's early trade after the company announced a strategic land acquisition in Thane. The Mumbai-based real estate company confirmed its foray into the Thane market with a 6.28-acre freehold land parcel at Kasarvadavali, Ghodbunder Road. The company disclosed that the transaction, valued at ₹172.48 crore including stamp duty, is intended for a marquee mixed-use development with a projected gross development value (GDV) of ₹2,000 crore. The project is expected to offer 2, 3, and 4 BHK residences alongside curated retail and commercial spaces, with launch slated for early 2026. The site offers sweeping views of the Sanjay Gandhi National Park and benefits from strong infrastructure connectivity via Eastern Express Highway and the upcoming Metro Line 4 and Thane-Borivali twin tunnel. Arkade Developers Chairman & MD Amit Jain noted that the Thane expansion marks a major milestone in the company's growth, adding to recent developments in Kanjurmarg, Mulund, and Bhandup. The company also highlighted its recent acquisition of the 4-acre Filmistan land parcel in Goregaon with an estimated GDV of ₹3,000 crore. As of the latest update, Arkade Developers shares were trading at ₹195.50, up 2.25% from the previous close of ₹191.20. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
14-05-2025
- Business
- Time of India
Arkade Developers' profit up 70% to ₹33.26 crore in Q4 FY25
NEW DELHI: Realty firm Arkade Developers Ltd on Tuesday reported a 70 per cent increase in its consolidated net profit to Rs 33.26 crore for the latest quarter ended March. Its net profit stood at Rs 19.61 crore in the year-ago period. Total income rose to Rs 134.34 crore in the fourth quarter of the last fiscal from Rs 123.13 crore in the corresponding period of the preceding year, according to a regulatory filing. During the 2024-25 fiscal, Arkade Developers' net profit grew to Rs 156.92 crore from Rs 122.91 crore in the year-ago period. Total income climbed to Rs 694.60 crore last fiscal from Rs 635.71 crore in the 2023-24 fiscal. Arkade Developers is one of the leading real estate companies in the country.
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Business Standard
13-05-2025
- Business
- Business Standard
Arkade Developers Q4 results: Net profit rises 70% to ₹33.26 crore
Realty firm Arkade Developers Ltd on Tuesday reported a 70 per cent increase in its consolidated net profit to Rs 33.26 crore for the latest quarter ended March. Its net profit stood at Rs 19.61 crore in the year-ago period. Total income rose to Rs 134.34 crore in the fourth quarter of the last fiscal from Rs 123.13 crore in the corresponding period of the preceding year, according to a regulatory filing. During the 2024-25 fiscal, Arkade Developers' net profit grew to Rs 156.92 crore from Rs 122.91 crore in the year-ago period. Total income climbed to Rs 694.60 crore last fiscal from Rs 635.71 crore in the 2023-24 fiscal.
