Arihant Superstructures Ltd

- The company has raised around Rs. 45 Crores from ICICI Venture through a free float fund to fund new projects without lender charges or escrow mechanisms, providing flexibility and supporting growth. (Page 5-6) - Equity or platform deals typically come at an annual cost of 20% to 24%. The company secured funds at a favorable rate of 16.45%, which is lower than market costs for similar funds. (Page 17) - The company prefers raising funds through equity rather than debt for greater shareholder benefits, especially as construction funding availability (at ~11%) is insufficient for land acquisition needs. (Page 16-17) - No explicit mention of planned new debt issuances or public equity fundraising beyond the ICICI Venture fund raise and existing mechanisms. (Aggregate information)

- Company is in a strong expansion mode aiming to grow its project portfolio significantly. - Raised ₹45 Crores from ICICI Venture to fund projects with free cash flows and no escrow account, enabling growth and flexibility. - Identified several projects for acquisition with planned closures post due diligence. - Five mega launches and six smaller project launches are scheduled for the current financial year, with total inventory of 5,500 flats. - Future projects worth around ₹4,600 Crores have received all approvals and are targeted for launch this year. - The company expects to sell approximately ₹6,000 to ₹7,000 Crores worth of inventory over the next three years. - Construction outflows estimated at ₹400 Crores for FY2023 to support ongoing development. - Land purchases continue, e.g., 7 acres in Kalyan extension for ₹22 Crores this year. - No current dividend declared to retain funds for expansion and capital requirements.

- Targeting a 50% CAGR in sales compared to FY2022. - Plan to add approximately 2,600 new units in FY2023 to the existing 2,600 unsold units (~25 lakh sqft with revenue potential of Rs.1,200 Crores). - Expect to achieve cumulative pre-sales of Rs.6,000 to 7,000 Crores from ongoing and future projects within 3 years. - Anticipate around 3,000 flat sales in FY2023, targeting sales value between Rs.1,650 to 1,800 Crores. - Sales include both mega launches (approx. 11 projects planned in FY2023) and smaller projects. - Expect collection of around Rs.700 Crores in FY2023. - Revenue for FY2022 was Rs.332.5 Crores with 22% YoY growth; expect continued strong growth aligned with sales and launches. - The company aims for robust expansion backed by strong engineering spends and efficient cash flow management.

- The company expects a strong growth trajectory with a CAGR of around 50% in the current financial year, followed by 33-40% in the next year, and approximately 30% in the third year. - FY2022 showed a 74% growth in sales value, 42.1% growth in EBITDA, and 163% increase in PAT, reflecting robust operating performance. - EPS for FY2022 rose 270% to Rs. 10.02, with ROE crossing 20% versus 11% in FY2021, indicating improving returns. - The company plans multiple new project launches and aggressive sales targets (approx. 1,650-1,800 Crores in FY2023 sales). - Operating margins improved with EBITDA margin expanding by 301 basis points to 21.4% in FY2022. - Expansion supported by strategic funding from ICICI Ventures and focus on affordable housing segments. - Management expects continued operational growth fueled by increased sales, collections, and improved pricing power.

- The total revenue potential from ongoing and future projects is close to Rs. 7,000 Crores. - Future projects worth around Rs. 4,600 Crores have already received all necessary approvals and are scheduled for launch within the current year. - The company expects to achieve cumulative pre-sales of approximately Rs. 6,000 to 7,000 Crores over the next three years. - There are about 11 project launches planned in the current financial year (5 mega launches and 6 smaller ones). - Inventory on shelf comprises roughly 5,500 flats, with a target to sell about 3,000 flats in this financial year. - Additional land parcels worth around Rs. 100 Crores are yet to be designed or utilized and may be added to the project pipeline.