Kalpataru IPO Day 2: Subscription, GMP, and Key Highlights
On the second day of the Kalpataru IPO, which opened on June 24, 2025, the subscription status and GMP details are crucial for potential investors. Kalpataru, a leading real estate developer, is raising ₹1,590.00 crores through this IPO.
Kalpataru IpoReal EstateSubscription StatusGmpInvestmentReal EstateJun 26, 2025
Kalpataru IPO: Issue Details
The Kalpataru IPO is a book-building issue of ₹1,590.00 crores, consisting entirely of a fresh issue of 3.84 crore equity shares. The price band is set between ₹387 and ₹414 per share. The basis of allotment will be finalized by June 27, 2025, and the tentative listing date on BSE and NSE is July 1, 2025. Book running lead managers for the IPO are ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt Ltd, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
Kalpataru IPO Day 2 Subscription Status
As of June 25, 2025, 10:27 AM, the subscription status for the Kalpataru IPO is as follows:
- Qualified Institutional Buyers (QIBs): Nil
- Non-Institutional Investors: 0.13 times
- Retail Individual Investors (RIIs): 0.44 times
- Employees: 0.22 times
- Total: 0.12 times
The subscription status indicates that while retail individual investors and employees have shown some interest, the overall subscription remains low.
Kalpataru IPO Day 1 Subscription Status
On the first day of the IPO, June 24, 2025, the subscription status was as follows:
- Qualified Institutional Buyers (QIBs): Nil
- Non-Institutional Investors: 0.10 times
- Retail Individual Investors (RIIs): 0.33 times
- Employees: 0.18 times
- Total: 0.09 times
The first day also saw a low subscription, with retail individual investors showing the highest interest.
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used for the following purposes:
- Repaying or prepaying the company’s outstanding borrowings
- General corporate purposes
Kalpataru IPO GMP Details
As of June 25, 2025, the GMP (Grey Market Premium) for the Kalpataru IPO stood at ₹9. The expected listing gain is ₹423, which represents a 2.17% gain per share over the upper price band. It is important to note that the GMP is an unauthenticated market-related news and has no discernible basis. Investors should conduct their own research before making investment decisions.
Kalpataru Business Overview
Kalpataru is a fully integrated real estate development company, dealing in the entire spectrum of real estate development activities. These activities include land acquisition (or development rights), master planning, architecture and design, construction, project execution, and sales and marketing. The company focuses on residential, commercial, mixed-use developments, and high-demand urban locations. Kalpataru's comprehensive approach to real estate development makes it a significant player in the industry.
Disclaimer
The securities/investments quoted here are not recommendatory. This news is solely for educational purposes. The GMP price is an unauthenticated market-related news and has no discernible basis. The investor should do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Frequently Asked Questions
What is the price band for the Kalpataru IPO?
The price band for the Kalpataru IPO is set between ₹387 and ₹414 per share.
When does the Kalpataru IPO close?
The Kalpataru IPO will close on June 26, 2025.
How much is Kalpataru raising through the IPO?
Kalpataru is raising ₹1,590.00 crores through the IPO.
What is the GMP for the Kalpataru IPO as of June 25, 2025?
As of June 25, 2025, the GMP for the Kalpataru IPO stood at ₹9.
What are the key activities of Kalpataru in the real estate sector?
Kalpataru deals in the entire spectrum of real estate development activities, including land acquisition, master planning, architecture and design, construction, project execution, and sales and marketing.
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