Kalpataru IPO Subscribed 2.26 Times on Final Day of Offer
Mumbai-based real estate developer Kalpataru Ltd's IPO received strong subscription, garnering 2.26 times the shares on offer. The company raised Rs 708 crore from anchor investors and plans to use the funds for debt repayment and general corporate purposes.
IpoReal EstateKalpataruMumbaiSubscriptionReal Estate MumbaiJun 26, 2025
The Qualified Institutional Buyers (QIBs) category received 3.12 times subscription, while the portion for non-institutional investors got subscribed 1.31 times. The Retail Individual Investors (RIIs) part received 1.29 times the subscription. Kalpataru Ltd on Monday said it has garnered Rs 708 crore from anchor investors.
The company has fixed a price band of Rs 387-414 per share for its IPO. The IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer-for-sale (OFS) component. It proposes to utilise funds for the payment of debt and general corporate purposes.
Mumbai-based Kalpataru focuses on the development of residential, commercial, retail, and integrated township projects. It is also in the redevelopment of societies. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra.
The strong subscription reflects the market's confidence in Kalpataru's growth prospects and its robust project pipeline. The company's focus on diverse real estate segments and its strategic locations in key markets contribute to its competitive edge in the industry.
Frequently Asked Questions
What is the subscription rate for Kalpataru Ltd's IPO?
Kalpataru Ltd's IPO was subscribed 2.26 times on the final day of the offer.
How much did Kalpataru Ltd raise from anchor investors?
Kalpataru Ltd raised Rs 708 crore from anchor investors.
What is the price band for Kalpataru Ltd's IPO?
The price band for Kalpataru Ltd's IPO is Rs 387-414 per share.
What is the total value of the fresh issue of equity shares?
The total value of the fresh issue of equity shares is Rs 1,590 crore.
What are the main focus areas of Kalpataru Ltd's real estate projects?
Kalpataru Ltd focuses on the development of residential, commercial, retail, and integrated township projects, as well as the redevelopment of societies.
Related News Articles
Moody's Warns of Ratings Downgrade for 6 US Banks Due to Commercial Real Estate Exposure
Six US regional banks face potential ratings downgrade due to commercial real estate loan exposure, highlighting asset quality and profitability pressures from high interest rates.
Indian Real Estate Market Sees Strong Demand, Oberoi Realty Records Impressive Q1 FY25 Results
Oberoi Realty Limited has reported a consolidated revenue of Rs 1,441.95 crore for Q1 FY25, solidifying the Indian real estate market's position as a preferred investment avenue.
Jenika Ventures Expands Footprint in South India with New Bengaluru Office
Jenika Ventures, a real estate consultancy firm, has expanded its operations in South India with the opening of a new office in Bengaluru.
Eastern Pune Witnessing Real Estate Surge with Metro Phase 2 Development
Pune's Metro Phase 2 is reshaping the real estate market, particularly in areas like Kharadi, Viman Nagar, and other peripheral regions, as property values soar.
ASK Property Fund Eyes Luxury Housing Market with New Fund
ASK Property Fund, a real estate investment arm of Blackstone-backed ASK Group, has launched its first dedicated luxury housing fund in collaboration with India Sotheby’s International Realty. The fund aims to capitalize on the growing demand for high-end
AP CM N Chandrababu Naidu Pledges Full Support to Real Estate Sector
Andhra Pradesh Chief Minister N Chandrababu Naidu has assured full support to the real estate sector, predicting significant growth in the coming years. He emphasized the importance of proper permissions and sustainable development.