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Arkade Developers IPO: Arkade Developers' IPO is completely a fresh issue of equity shares worth Rs 430 crore. Funds raised from the issue will be used for the company's ongoing and upcoming projects and funding the acquisition of future real estate projects and general corporate purposes.
Arkade Developers IPO: Arkade Developers' maiden public issue is entirely through a fresh issue of equity shares with no Offer For Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.
As of July 31, the company has developed 1.80 million square feet of residential property (including through partnership entities in which Arkade holds the majority stake). It is also engaged in the development of new projects and redevelopment of existing premises
The IPO will only be a fresh issue of shares. The company will use the proceeds for ongoing projects and also to buy land