IndiaLaw LLP Advises Kalpataru Limited on Successful IPO
IndiaLaw LLP has successfully advised Kalpataru Limited on its Initial Public Offering (IPO), raising ₹1,590 crore. The firm provided comprehensive legal support, ensuring regulatory compliance and investor confidence in the Indian real estate sector.
Indialaw LlpKalpataru LimitedIpoReal EstateLegal CounselReal Estate NewsJul 03, 2025
As legal advisor, IndiaLaw LLP provided comprehensive legal support tailored to the specific regulatory and commercial nuances of real estate sector IPOs. The firm's scope of work included:
• Sector-Specific Advisory: Offering strategic legal advice aligned with the regulatory framework governing real estate companies in India.
• Comprehensive Due Diligence: Conducting detailed due diligence on Kalpataru's real estate assets, verifying title, regulatory compliance, and resolving encumbrances—key prerequisites for a real estate IPO.
• Regulatory Compliance: Ensuring compliance with the Real Estate (Regulation and Development) Act (RERA) and local land laws to facilitate a smooth public issue process.
• Stakeholder Coordination: Liaising with registrars, consultants, and other intermediaries to resolve real estate-related queries and ensure timely disclosures.
• Master Title Certificate: Preparing and issuing the Master Title Certificate as mandated by SEBI (ICDR) Regulations, certifying clear and marketable title to the real estate assets disclosed in the Draft and Red Herring Prospectuses (DRHP and RHP).
The IPO marks a significant milestone for Kalpataru Limited, reinforcing its market position and reflecting investor confidence in the Indian real estate sector.
The IndiaLaw LLP team advising on the transaction included: Shiju P. V., Managing Partner, Suresh Palav, Partner, Shweta Tiwari, Associate Partner, Sushma Gowda, Associate.
Frequently Asked Questions
What is the role of a legal advisor in an IPO?
A legal advisor in an IPO ensures that all legal and regulatory requirements are met, conducts due diligence, and provides strategic advice to the company to facilitate a smooth and successful public offering.
What is the Real Estate (Regulation and Development) Act (RERA)?
RERA is a regulatory framework in India designed to protect homebuyers and promote transparency, accountability, and efficiency in the real estate sector.
What is a Master Title Certificate?
A Master Title Certificate is a legal document issued by the company's legal advisor, certifying that the real estate assets disclosed in the prospectus have clear and marketable titles.
Why is due diligence important in a real estate IPO?
Due diligence is crucial in a real estate IPO to verify the title and regulatory compliance of the assets, ensuring that there are no legal issues that could affect the company's ability to list and raise funds.
What is the significance of Kalpataru Limited's IPO for the Indian real estate sector?
Kalpataru Limited's IPO is significant as it reinforces the company's market position and reflects investor confidence in the Indian real estate sector, indicating a positive outlook for the industry.
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