Societe Generale Archives - Square Feat India https://squarefeatindia.com/tag/societe-generale/ Real Estate News Website Sat, 14 Sep 2024 05:54:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png Societe Generale Archives - Square Feat India https://squarefeatindia.com/tag/societe-generale/ 32 32 Arkade Developers Raises ₹122.40 Crore Ahead of IPO https://squarefeatindia.com/arkade-developers-raises-%e2%82%b9122-40-crore-ahead-of-ipo/ Sat, 14 Sep 2024 05:54:55 +0000 https://squarefeatindia.com/?p=7800 Arkade Developers Ltd has successfully raised Rs 122.40 crore from anchor investors in advance of its initial public offering (IPO). The company has set a price band of Rs 121-128 per share for the Rs 410-crore IPO, which will be open for public subscription from September 16 to September 19. The raised funds will be used for ongoing and future real estate projects, acquisitions, and general corporate purposes.

The post Arkade Developers Raises ₹122.40 Crore Ahead of IPO appeared first on Square Feat India.

]]> Real estate firm Arkade Developers Ltd has secured Rs 122.40 crore from anchor investors in anticipation of its upcoming initial public offering (IPO). The company has set a price band of Rs 121-128 per share for its Rs 410-crore IPO, which is scheduled to open for public subscription on September 16 and close on September 19.

In a regulatory filing, Arkade Developers disclosed that it has allocated 95,62,500 shares to anchor investors at Rs 128 per share. The investors include BNP Paribas Financial Markets — ODI, Societe Generale-ODI, and Saint Capital Fund.

The IPO will consist of a fresh issue of equity shares worth Rs 410 crore, with no offer-for-sale (OFS) component. The funds raised will be utilized for the development of ongoing and upcoming projects, acquisition of future real estate projects, and general corporate purposes.

The IPO’s allotment will be divided as follows: 50% of the issue size is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. Investors can apply for a minimum of 110 shares and in multiples thereof.

Also Read: ARKADE Group acquires Mulund land for Rs 90 Cr

The post Arkade Developers Raises ₹122.40 Crore Ahead of IPO appeared first on Square Feat India.

]]>