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Arkade Developers Limited, leading real-estate developer in Mumbai, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).The Company’s initial public offering comprises a fresh issu
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
Realty firm Arkade Group will invest Rs 470 crore to develop a housing project at Mulund in Mumbai.