Kalpataru IPO: Grey Market Premium and Key Insights Before Listing
Kalpataru, a prominent real estate development company based in Mumbai, is set to list on the stock market. The company's IPO has seen strong subscription, especially from non-institutional investors. Here's what the grey market premium indicates about its listing price and other key insights.
Kalpataru IpoGrey Market PremiumReal EstateStock MarketListing PriceReal Estate MumbaiJun 28, 2025
Shares of Kalpataru are currently trading at a premium of Rs 3 over the issue price in the unofficial grey market. With the IPO’s upper band fixed at Rs 414, implying a possible listing price of around Rs 417. It is further important to note that GMP (Grey Market Premium) is not a formal measure. It often reflects market sentiment ahead of the listing.
Kalpataru IPO, which opened its bidding from June 24 to June 26, saw a good response, especially from non-institutional investors. By the end of Day 3, the issue was subscribed to 2.3 times in total. On the final day of bidding, retail investors subscribed to the issue 1.43 times, while Qualified Institutional Buyers (QIBs) put in bids 3.12 times the allotted quota, showing the highest participation among all the categories.
The Rs 1,590 crore issue is entirely a fresh offer of 3.84 crore shares. The bidding price was set at Rs 414, and investors had to apply for a minimum lot of 36 shares, requiring an investment of Rs 14,904. The lead book runners of the issue are ICICI Securities, JM Financial, and Nomura Financial Advisory And Securities (India), while MUFG Intime India (Link Intime) is the registrar to the IPO.
Kalpataru 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 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.
Frequently Asked Questions
What is the expected listing date for Kalpataru IPO?
Kalpataru IPO is expected to list on July 1, 2023.
What is the current grey market premium for Kalpataru shares?
The current grey market premium for Kalpataru shares is Rs 3 over the issue price.
How much was the Kalpataru IPO subscribed?
The Kalpataru IPO was subscribed 2.3 times in total by the end of Day 3.
What is the bidding price for Kalpataru IPO?
The bidding price for Kalpataru IPO was set at Rs 414.
What are the cities where Kalpataru operates?
Kalpataru operates in several Indian cities, including Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur.
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