Kalpataru IPO Launch: Real Estate Giant Seeks to Raise Rs 1,590 Crore
Mumbai-based real estate firm Kalpataru is set to launch its IPO from June 24 to June 26, aiming to raise Rs 1,590 crore. The price band is set between Rs 387 and Rs 414 per share.
Kalpataru IpoReal EstateInitial Public OfferingIpo DatesMarket CapitalisationReal Estate NewsJun 19, 2025
The price band for the IPO has been fixed between Rs 387 and Rs 414 per share, with a lot size of 36 shares. This means that investors will need to invest a minimum of Rs 14,904 at the upper price band to participate in the IPO.
The IPO proceeds will primarily be used for debt repayment, a strategic move to strengthen the company’s balance sheet. As of December 31, 2024, Kalpataru reported total assets of Rs 15,562 crore. This financial maneuver is expected to enhance the company’s financial stability and attract more investors.
However, the financial performance of Kalpataru presents a mixed picture. For the nine months ended FY25, the company posted a revenue of Rs 1,625 crore and a profit after tax (PAT) of Rs 8.6 crore. In FY24, Kalpataru reported a loss of Rs 113.81 crore, which was a significant improvement from the Rs 226.79 crore loss in FY23. This volatility in financial performance highlights the challenges faced by the real estate sector in recent years.
Post-issue, the company’s implied market capitalisation at the upper price band stands at Rs 8,524 crore, with a total of 20.58 crore shares outstanding. This valuation reflects the market’s confidence in Kalpataru’s growth potential and its strategic initiatives.
The IPO will be open from Tuesday, June 24, 2025, to Thursday, June 26, 2025. The tentative allotment date is set for Friday, June 27, 2025, with refunds and shares credit expected by Monday, June 30, 2025. Shares of the Kalpataru IPO will debut on both the BSE and NSE on Tuesday, July 1, 2025.
The offering is being managed by ICICI Securities, JM Financial, and Nomura Financial Advisory, while Link Intime India Pvt. Ltd. has been appointed as the registrar. These institutions bring a wealth of experience and expertise to the table, ensuring a smooth and efficient IPO process.
Kalpataru Limited is part of the Kalpataru Group, a multinational conglomerate with operations in 75 countries. The group offers EPC contracting, civil infrastructure, logistics, and facility management services. Kalpataru has completed 120 projects totaling 25.87 million square feet across major cities, including Pune, Hyderabad, Bengaluru, and Indore. The company focuses on luxury, premium, and mid-income residential, as well as commercial, retail, township, and redevelopment projects, with a strong footprint in the Mumbai Metropolitan Region.
The IPO is a significant step for Kalpataru as it seeks to expand its operations and strengthen its market position. Investors are advised to carefully consider the company’s financial performance, market conditions, and the overall real estate sector before making investment decisions.
Frequently Asked Questions
What is the price band for the Kalpataru IPO?
The price band for the Kalpataru IPO is set between Rs 387 and Rs 414 per share.
How much does Kalpataru aim to raise through its IPO?
Kalpataru aims to raise Rs 1,590 crore through its IPO.
What is the minimum investment required for the Kalpataru IPO?
The minimum investment required for the Kalpataru IPO is Rs 14,904 at the upper price band.
When will the Kalpataru IPO be open for subscription?
The Kalpataru IPO will be open for subscription from June 24 to June 26, 2025.
What is the implied market capitalisation of Kalpataru post-IPO?
The implied market capitalisation of Kalpataru post-IPO stands at Rs 8,524 crore at the upper price band.
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