Kalpataru IPO Set to Open on June 24: All You Need to Know

Kalpataru Limited is set to launch its Initial Public Offering (IPO) with a total issue size of ₹1,590 crore through the book-building process. This upcoming IPO comprises a fresh issue of 3.84 crore equity shares, with no offer-for-sale component.

The IPO subscription window opens on June 24, 2025, and closes on June 26, 2025. Share allotment is likely to be finalised on Friday, June 27, 2025, with the company expected to make its stock market debut on the BSE and NSE on Tuesday, July 1, 2025.

Kalpataru IPO Details

• Price Band: ₹387 – ₹414 per share
• Minimum Lot Size: 36 shares
• Minimum Investment (Retail): ₹13,932

ICICI Securities Ltd, JM Financial Ltd, and Nomura Financial Advisory and Securities (India) Pvt Ltd are acting as the Book Running Lead Managers (BRLMs) for the IPO. MUFG Intime India Private Limited (Link Intime) will serve as the registrar for the issue.

Use of IPO Proceeds

The proceeds from the Kalpataru IPO are intended to be utilised primarily for two key objectives. 

1. The company plans to repay or prepay certain borrowings, either fully or partially, taken by Kalpataru and its subsidiaries. An estimated ₹11,925 million has been earmarked for this purpose.
2. A portion of the funds will be allocated towards general corporate purposes, supporting Kalpataru’s broader strategic and operational initiatives.

About Kalpataru Limited

Established in 1988 and headquartered in Mumbai, Maharashtra, Kalpataru Limited is a prominent name in the Indian real estate sector. The company has carved a niche in developing high-quality residential and commercial spaces, retail properties, and integrated townships across major Indian cities.

Its footprint spans locations such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur.

Kalpataru Limited is a flagship entity of the Kalpataru Group, which also includes:

• Kalpataru Projects International Ltd
• Property Solutions (India) Pvt Ltd
• Shree Shubham Logistics Ltd
• Along with several other subsidiaries

As of March 31, 2024, the company has a solid portfolio with 40 ongoing projects and 70 completed developments to its credit.

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