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.
Proceeds from the fresh issue will be used to set up new dedicated unit for expansion of the company s pick and carry cranes manufacturing capacity, payment of debt, investment in the company s NBFC subsidiary Barota Finance.