IPO

Arkade Developers Ltd

Registered Office : Arkade House A S Marg,Ashok Nagar Kandivali (East),Mumbai Maharashtra 400101 Phone : +91 22 2887 4742
Fax :

Email : cs@arkade.in

Website : www.arkade.in

Initial public offer of 32,037,601 equity shares of face value of Rs. 10 each (equity shares) of Arkade Developers Limited (company) for cash at a price of Rs. 128 per equity share (including a share premium of Rs. 118 per equity share) (issue price) aggregating up to Rs. 410.00 crores (issue) the issue shall constitute 17.26% of the post-issue paid-up equity share capital of the company. The company has, in consultation with the BRLM, undertaken a pre-ipo placement of 1,626,016 equity shares at an issue price of Rs. 123 per equity share (including a premium of Rs. 113 per equity share) aggregating Rs. 20.00 crores (pre-ipo placement). The size of the fresh issue of Rs. 430.00 crores has been reduced by Rs. 20.00 crores pursuant to the pre-ipo placement and the revised size of the fresh issue is up to Rs. 410.00 crores. The issue includes a reservation of 162,601 equity shares aggregating Rs. 2.00 crores (constitutes 0.09% of the post-issue equity share capital), for subscription by eligible employees (employee reservation portion). the company, in consultation with the BRLM, offer a discount of 3.91% of the issue price (equivalent of Rs. 5.00 per equity share) to the eligible employees bidding in the employee reservation portion (employee discount), subject to necessary approvals as may be required. The issue less the employee reservation portion is hereinafter referred to as the net issue. The issue and the net issue constitutes 17.26% and 17.17% of the post-issue paid-up equity share capital, respectively. The Offer Price is Rs. 128 per equity share of face value of Rs. 10 each. The offer Price is 12.80 times of the face value of the equity shares. Bid cane be made for a minimum of 110 equity shares and in multiples of 110 equity shares thereafter. A discount of Rs. 5 per equity share is being offered to eligible employees bidding in the employee reservation portion.