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Dalal Street to see four listings in the week beginning September 4. An optimistic mood in the broader markets seems to be the key reason behind all the action in the IPO space
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, it has developed 1.8 million square feet of residential property, including through partnership entities in which Arkade holds the majority stake.
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