Bookbuilding IPO | ₹1,590 Cr | Listed at BSE, NSE | Tue, Jun 24, 2025 - Thu, Jun 26, 2025
Kalpataru IPO is a book build issue of ₹1,590.00 crores. The issue is entirely a fresh issue of 3.84 crore shares of ₹1,590.00 crore.
Kalpataru IPO bidding started from Jun 24, 2025 and ended on Jun 26, 2025. The allotment for Kalpataru IPO was finalized on Jun 27, 2025. The shares got listed on BSE, NSE on Jul 1, 2025.
Kalpataru IPO price band is set at ₹414 per share. The lot size for an application is 36. The minimum amount of investment required by an retail is ₹14,904 (36 shares) (based on upper price). The lot size investment for sNII is 14 lots (504 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹10,13,472.
The issue includes a reservation of up to 4,22,872 shares for employees offered at a discount of ₹38.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Kalpataru IPO RHP for detailed Information.
IPO Open
Tue, Jun 24, 2025
IPO Close
Thu, Jun 26, 2025
Issue Price
₹414 per share
Market Cap (Pre-IPO)
₹8,524.07 Cr
| IPO Date | 24 to 26 Jun, 2025 |
| Listed on | Tue, Jul 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹387 to ₹414 |
| Issue Price | ₹414 per share |
| Lot Size | 36 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹38.00 |
| Total Issue Size | 3,84,24,456 shares (agg. up to ₹1,590 Cr) |
| Fresh Issue | 3,84,24,456 shares (agg. up to ₹1,590 Cr) |
| Share Holding Pre Issue | 16,74,89,537 shares |
| Share Holding Post Issue | 20,59,13,993 shares |
| BSE Script Code / NSE Symbol | 544423 / KALPATARU |
| ISIN | INE227J01012 |
Kalpataru IPO offers total 3,84,44,611 shares. Out of which 2,85,16,306 (74.18%) allocated to QIB, 1,14,06,523 (29.67%) allocated to QIB (Ex- Anchor), 57,03,260 (14.84%) allocated to NII 38,02,173 (9.89%) allocated to RII and 1,71,09,783 (44.51%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,85,16,306 (74.18%) | NA |
| − Anchor Investor Shares Offered | 1,71,09,783 (44.51%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,14,06,523 (29.67%) | NA |
| NII (HNI) Shares Offered | 57,03,260 (14.84%) | NA |
| − bNII > ₹10L | 38,02,174 (9.89%) | 7,543 |
| − sNII < ₹10L | 19,01,086 (4.94%) | 3,771 |
| Retail Shares Offered | 38,02,173 (9.89%) | 1,05,615 |
| Employee Shares Offered | 4,22,872 (1.10%) | NA |
| Total Shares Offered | 3,84,44,611 (100.00%) |
Investors can bid for a minimum of 36 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹1,93,752 |
| S-HNI (Min) | 14 | 504 | ₹2,08,656 |
| S-HNI (Max) | 67 | 2,412 | ₹9,98,568 |
| B-HNI (Min) | 68 | 2,448 | ₹10,13,472 |
Kalpataru IPO raises ₹708.35 crore from anchor investors. Kalpataru IPO Anchor bid date is June 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 23, 2025 |
| Shares Offered | 1,71,09,783 |
| Anchor Portion (₹ Cr.) | 708.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 24, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Kalpataru Limited, founded in 1988, is a real estate development company based in Mumbai, Maharashtra.
The company specialises in developing residential and commercial properties, retail spaces, and integrated townships across several Indian cities, including Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur.
Kalpataru Limited is part of the Kalpataru Group, which includes Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and their respective subsidiaries, among others.
As of March 31, 2024, the company has 40 ongoing projects and has completed 70 projects.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 15,562.35 | 13,879.43 | 12,540.77 | 13,410.57 |
| Total Income | 1,699.49 | 2,029.94 | 3,716.61 | 1,248.55 |
| Profit After Tax | 5.51 | -116.51 | -229.43 | -125.36 |
| EBITDA | 101.67 | -78.01 | -49.67 | -35.98 |
| NET Worth | 1,579.54 | 1,028.23 | 1,221.89 | 1,429.01 |
| Total Borrowing | 11,056.40 | 10,688.31 | 9,679.64 | 10,365.97 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain borrowings availed by: Company; and Subsidiaries | 1,192.50 |
| 2 | General corporate purposes. | 311.36 |
| KPI | Mar 31, 2024 |
|---|---|
| RoNW | -10.15 |
| EBITDA Margin | -4.04% |
| Price to Book Value | 5.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -6.96 | 0.36 |
| P/E (x) | -59.52 | 1160.05 |
| Promoter Holding | 100% | 81.3% |
| Market Cap | ₹8,524.07 Cr. |
The Kalpataru IPO is subscribed 2.31 times on June 26, 2025 5:04:43 PM (Day 3). The public issue subscribed 1.43 times in the retail category, 3.12 times in the QIB category, and 1.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.12 | 1,14,06,521 | 3,55,99,716 |
| NII | 1.40 | 57,03,261 | 79,71,192 |
| bNII (bids above ₹10L) | 1.48 | 38,02,174 | 56,21,652 |
| sNII (bids below ₹10L) | 0.80 | 19,01,087 | 15,30,324 |
| Retail | 1.43 | 38,02,174 | 54,53,784 |
| Employee | 0.76 | 4,22,872 | 3,19,968 |
| Total | 2.31 | 2,13,34,828 | 4,93,44,660 |
Total Application : 1,19,751
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 51.60 |
| 2 | Commission/processing/uploading fee for SCSBs, Sponsor Bank(s) and Banker(s) to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 1.28 |
| 3 | Fees payable to the Registrar to the Issue | 0.02 |
| 4 | Advertising and marketing expenses | 10.60 |
| 5 | Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses | 4.70 |
| 6 | Printing and distribution of stationery | 1.00 |
| 7 | Fees payable to the legal counsels to the Issue | 8.35 |
| 8 | Fees payable to the statutory auditor | 1.18 |
| 9 | Fees payable to the industry service provider | 0.51 |
| 10 | Fee payable to the independent chartered accountant | 0.59 |
| 11 | Fee payable to the architect | 0.17 |
| 12 | Miscellaneous | 6.14 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹414.00 | ₹414.00 |
| Open | ₹414.10 | ₹414.00 |
| Low | ₹414.10 | ₹414.00 |
| High | ₹453.00 | ₹452.80 |
| Last Trade | ₹433.80 | ₹432.95 |
Kalpataru IPO is a main-board IPO of 3,84,24,456 equity shares of the face value of ₹10 aggregating up to ₹1,590 Crores. The issue is priced at ₹414 per share. The minimum order quantity is 36.
The IPO opens on Tue, Jun 24, 2025, and closes on Thu, Jun 26, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kalpataru IPO using UPI as a payment gateway. Zerodha customers can apply in Kalpataru IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kalpataru IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kalpataru IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025.
Kalpataru IPO lot size is 36, and the minimum amount required for application is ₹14,904.
You can apply in Kalpataru IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kalpataru IPO will be done on Friday, June 27, 2025, and the allotted shares will be credited to your demat account by Mon, Jun 30, 2025. Check the Kalpataru IPO allotment status.
The Kalpataru IPO listing date is on Tue, Jul 1, 2025.
