Arkade Developers Ltd. has announced public offering of 32031250 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 118.00 per share. The gross proceeds of the issue are expected to be Rs 41,000.00 lakhs.

The company's initial public offer (IPO) will open on 16 September 2024 and is expected to close on 19 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 121.00-128.00 per share.

The IPO includes a fresh Issue of 32031250 Equity Shares of the Company at an price of Rs 128.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 110 shares with bids in multiples of 110.

Arkade Developers Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.