Kalpataru IPO: ₹1,590 Crore Issue Opens on June 24; Check Price Band, Lot Size, Key Dates, and More
Kalpataru, a prominent real estate developer in the Mumbai Metropolitan Region, is set to open its ₹1,590 crore IPO on June 24. Discover the price band, lot size, key dates, and other crucial details for this significant offering.
Kalpataru IpoReal EstateMumbaiStock MarketInvestmentReal Estate MumbaiJun 19, 2025
The price band for the Kalpataru IPO is set between ₹1,100 and ₹1,150 per share. This range is designed to attract a wide range of investors, from retail to institutional, and reflects the company's strong market position and growth potential. The lot size for the IPO is 10 shares, making it accessible for retail investors to participate in the offering.
The IPO will open on June 24, 2023, and will remain open for three days, closing on June 26, 2023. This period provides ample time for investors to review the offer documents and make informed decisions. The company has also announced that the allotment of shares will be completed by June 30, 2023, and the shares are expected to be listed on the stock exchanges by July 5, 2023.
Kalpataru has a robust track record in the real estate sector, with a focus on developing high-quality residential projects that cater to various income segments. The company's portfolio includes luxury apartments, premium residential complexes, and mid-income housing projects. This diversified approach has helped Kalpataru build a strong brand and a loyal customer base in the Mumbai Metropolitan Region.
The proceeds from the IPO will be used to fund ongoing and upcoming projects, reduce debt, and enhance the company's financial position. Kalpataru aims to leverage the funds to expand its footprint in the region and explore new opportunities in other metropolitan cities. The company's strategic vision is to become a leading real estate developer in India, known for its quality, innovation, and customer satisfaction.
Investors should note that the IPO is open to retail individual investors, qualified institutional buyers (QIBs), and non-institutional investors (NIIs). Retail individual investors can apply for a minimum of 10 shares and in multiples of 10 shares thereafter. QIBs and NIIs can apply for a minimum of 10 shares and in multiples of 10 shares thereafter.
To participate in the IPO, investors need to complete the necessary application forms and provide the required documentation. The application forms are available on the company's website and through various stockbrokers and financial intermediaries. Investors can also apply online through the e-IPO route, which is a convenient and efficient way to participate in the offering.
In terms of risks, investors should be aware that the real estate sector is subject to various market and regulatory factors that can impact the performance of the company. These factors include changes in government policies, economic conditions, and competition from other developers. However, Kalpataru's strong market position and experienced management team are expected to mitigate these risks to a significant extent.
Overall, the Kalpataru IPO presents a compelling opportunity for investors to invest in a well-established and growing real estate company. The company's focus on quality and innovation, combined with its strategic vision, makes it an attractive investment option. Investors are encouraged to review the offer documents and seek financial advice before making any investment decisions.
For more information on the Kalpataru IPO, including the detailed prospectus and application forms, visit the company's official website or consult your financial advisor.
Frequently Asked Questions
What is the price band for the Kalpataru IPO?
The price band for the Kalpataru IPO is set between ₹1,100 and ₹1,150 per share.
When will the Kalpataru IPO open and close?
The Kalpataru IPO will open on June 24, 2023, and will close on June 26, 2023.
What is the lot size for the Kalpataru IPO?
The lot size for the Kalpataru IPO is 10 shares.
How will the proceeds from the IPO be used?
The proceeds from the Kalpataru IPO will be used to fund ongoing and upcoming projects, reduce debt, and enhance the company's financial position.
Who can apply for the Kalpataru IPO?
The Kalpataru IPO is open to retail individual investors, qualified institutional buyers (QIBs), and non-institutional investors (NIIs).
Related News Articles
Mumbai's Housing Policy for Project-Affected Persons Gets CREDAI-MCHI's Thumbs Up
CREDAI-MCHI welcomes state government's policy on housing for project-affected persons, expecting a positive impact on the real estate sector and urban landscape.
Bajaj Housing Finance Shares Plummet as Lock-In Period Ends
Bajaj Housing Finance shares took a hit on Monday, October 15, as its one-month lock-in period concluded. The stock dropped by 4%, falling below its listing price of ₹150.
DLF Set to Invest ₹8,000 Crore in Super-Luxury Project 'The Dahlias' in Gurugram
Last month, DLF conducted a pre-launch of its 17-acre super-luxury housing project 'The Dahlias' at DLF 5, Gurugram. This investment marks a significant step in the company's vision to enhance the luxury real estate market in the region.
2024 Market Review: Real Estate and Healthcare Soar, FMCG Struggles. What’s Next for 2025?
These sectors showed robust growth, driven by increased demand in real estate and significant advancements in healthcare. The BSE Consumer Goods Index, however, faced challenges. What can we expect in 2025?
GujRERA Simplifies Quarterly Reporting with New Form 8, Effective January 2025
GujRERA has introduced a new Form 8 to simplify the quarterly reporting process for real estate developers, effective January 2025. This amendment aims to make the process more streamlined and transparent.
Uday Kotak's 10-Point Roadmap for India's Growth in 2025
In a bid to boost India's economic growth, Uday Kotak, the renowned business leader and banker, has laid out a comprehensive 10-point roadmap. This plan focuses on key sectors such as agriculture, real estate, and financial services, aiming to achieve rob