Kalpataru Ltd Aims to Raise Rs 1,590 Crore through IPO to Ease Debt Burden
Mumbai-based real estate firm Kalpataru Ltd has filed a draft prospectus with SEBI to launch an IPO, aiming to raise Rs 1,590 crore to reduce its debt.
Kalpataru LtdIpoReal EstateMumbaiSebiReal Estate MumbaiAug 15, 2024
The funds raised through the IPO will be utilized to repay or prepay certain borrowings, with Rs 1,192.5 crore earmarked for this purpose. This move is expected to ease the company's debt burden and provide a boost to its financial health.
Kalpataru Ltd has a diverse portfolio of 40 ongoing, forthcoming, and planned projects, spread across 49.77 million square feet. The company has a significant presence in the Mumbai Metropolitan Region, Pune, and also has projects in Hyderabad and Noida.
Kalpataru Ltd is part of the 55-year-old Kalpataru Group, which has a multinational presence and diverse operations. The group's experience and expertise in the real estate sector are expected to support Kalpataru Ltd's growth plans.
The IPO filing is subject to regulatory approvals and market conditions. If successful, the IPO will provide Kalpataru Ltd with the necessary funds to drive its growth plans and expand its presence in the Indian real estate market.
Information
Kalpataru Ltd is a leading real estate firm based in Mumbai, with a strong presence in the Indian real estate market. The company has a portfolio of residential, commercial, and industrial projects across various cities in India.
Kalpataru Group is a 55-year-old multinational conglomerate with diverse operations in real estate, engineering, and procurement. The group has a strong presence in India and internationally, with a reputation for delivering high-quality projects and services.
Frequently Asked Questions
What is the purpose of Kalpataru Ltd's IPO?
The purpose of the IPO is to raise funds to repay or prepay certain borrowings and ease the company's debt burden.
How much does Kalpataru Ltd aim to raise through the IPO?
Kalpataru Ltd aims to raise up to Rs 1,590 crore through the IPO.
What is the value of the shares being issued in the IPO?
The shares being issued in the IPO are valued at Rs 10 each.
What is the portfolio of Kalpataru Ltd?
Kalpataru Ltd has a diverse portfolio of 40 ongoing, forthcoming, and planned projects, spread across 49.77 million square feet.
What is the experience of Kalpataru Group in the real estate sector?
Kalpataru Group has a 55-year-old experience in the real estate sector, with a multinational presence and diverse operations.
Related News Articles
Hong Kong Property Market Sees Moderate Growth in April
Hong Kong's private home prices climbed for the second month in a row in April
Investing Made Easy: SEBI Proposes Fractional Ownership of Shares in India
The Securities and Exchange Board of India (SEBI) has written to the government to allow fractional ownership of shares, enabling investors to purchase portions of high-priced stocks, similar to real estate REITs.
Arisinfra Solutions Aims to Raise Rs 600 Crore via IPO, Files Draft Papers with SEBI
Mumbai-based Arisinfra Solutions is planning to raise Rs 600 crore via its initial public offering (IPO), with a customer base that includes large real estate and infrastructure developers.
VR and AR Redefining Dubai's Real Estate Market
Dubai's real estate industry is experiencing a technological revolution with the integration of virtual reality (VR) and augmented reality (AR) technologies. According to industry experts, these advancements are transforming the way properties are markete
Gurugram Leads Housing Price Surge, Mumbai Lagging Behind
In the last five years, the average price of new housing projects in India’s top 10 cities has surged by 88%, with Gurugram leading the pack at a 160% increase. Mumbai, on the other hand, has seen the lowest rise at 37%. This surge is attributed to massiv
Harris Team Warns CEOs: Trump’s Policies Threaten Economic Stability
The Harris administration is sounding the alarm to corporate leaders, cautioning that former President Trump’s economic policies, particularly his stance on tariffs, could pose a significant threat to the U.S. economy. Trump, on the other hand, maintains