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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 ₹414.00 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 Date | June 24, 2025 to June 26, 2025 |
| Listing Date | July 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹387 to ₹414 per share |
| Issue Price Final | ₹414 per share |
| Lot Size | 36 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,84,24,456 shares (aggregating up to ₹1,590.00 Cr) |
| Employee Discount | ₹38.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 16,74,89,537 shares |
| Share Holding Post Issue | 20,59,13,993 shares |
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 | Maximum 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%) |
| 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 IPO raises ₹708.35 crore from anchor investors. Kalpataru IPO Anchor bid date is June 23, 2025. Kalpataru IPO Anchor Investors list
| Bid Date | June 23, 2025 |
| Shares Offered | 1,71,09,783 |
| Anchor Portion Size (In Cr.) | 708.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 24, 2025 |
Kalpataru IPO opens on June 24, 2025, and closes on June 26, 2025.
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 26, 2025 |
Investors can bid for a minimum of 36 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Kalpataru IPO is ₹8524.07 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| RoNW | -10.15 |
| EBITDA Margin | -4.04% |
| Price to Book Value | 5.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -6.96 | 0.36 |
| P/E (x) | -59.52 | 1160.05 |
The Company Kalpataru IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] KL is one of the leading real estate developers engaging in all key activities associated with realty developments. It posted bumper top line for FY23 following a special land parcel deal arrived at. The group enjoys a niche place as realty developer in MMR region. It issued equity shares worth Rs. 1440 cr. to promoters at a price of Rs. 517.25 in March 2025. The company has turned the corner for 9M of FY25 and the management is confident of further improvements in its financial performance in coming years considering the projects on hand. Though prima-facie the issue appears aggressively priced, well-informed investors may park funds for the long term. Read detail review...
| Listing Date | July 1, 2025 |
| BSE Script Code | 544423 |
| NSE Symbol | KALPATARU |
| ISIN | INE227J01012 |
| Final Issue Price | ₹414 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
Kalpataru Ltd.
91, Kalpataru Synergy,
Opposite Grand Hyatt,
Santa
Mumbai, Maharashtra, 400055
Phone: +91 22 3064 5000
Email: investor.cs@kalpataru.com
Website: http://www.kalpataru.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: kalpataru.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Kalpataru IPO is a main-board IPO of 3,84,24,456 equity shares of the face value of ₹10 aggregating up to ₹1,590.00 Crores. The issue is priced at ₹414 per share. The minimum order quantity is 36.
The IPO opens on June 24, 2025, and closes on June 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 June 24, 2025 and closes on June 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 Monday, June 30, 2025. Check the Kalpataru IPO allotment status.
The Kalpataru IPO listing date is on Tuesday, July 1, 2025.
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