Kalpataru Ltd Sets IPO Price Band at Rs 387-414/Share
Real estate developer Kalpataru Ltd has fixed a price band of Rs 387 to Rs 414 per share for its Rs 1,590 crore Initial Public Offering (IPO), set to open on June 24.
IpoKalpataru LtdReal EstateMumbai Metropolitan RegionEquity SharesReal Estate NewsJun 19, 2025
The initial share sale will open for public subscription on June 24 and conclude on June 26. The bidding for anchor investors will commence on June 23, as per the company’s announcement.
At the upper end of the price band, Kalpataru Ltd is valued around Rs 8,500 crore, according to brokerage houses. The funds raised from the IPO will be utilized primarily for the payment of debt and for general corporate purposes.
Kalpataru Ltd is a prominent real estate developer in the Mumbai Metropolitan Region (MMR) in Maharashtra and is present across all micro-markets in the MMR. While the majority of the company's projects are located in the MMR and Pune (Maharashtra), it also has projects in Hyderabad (Telangana) and Noida (Uttar Pradesh).
The company focuses on the development of luxury, premium, and mid-income residential, commercial, and retail projects, integrated townships, lifestyle gated communities, and redevelopments. Kalpataru Ltd is a part of the Kalpataru Group, which has a multi-national presence and operates in EPC contracting for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management.
The company has reserved 75 per cent of the offer size for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors. Investors can bid for a minimum of 36 shares and in multiples thereof.
ICICI Securities Ltd, JM Financial Ltd, and Nomura Financial Advisory and Securities (India) Private Ltd are the book-running lead managers to the issue. Shares of the company are expected to list on July 1 on both the BSE and NSE.
The IPO marks a significant milestone for Kalpataru Ltd, reflecting its strong market position and growth potential in the real estate sector. With a diversified portfolio and strategic presence in key markets, the company aims to leverage the funds raised to further strengthen its financial position and expand its project portfolio.
Frequently Asked Questions
What is the price band for Kalpataru Ltd's IPO?
The price band for Kalpataru Ltd's IPO is set at Rs 387 to Rs 414 per share.
When will the IPO open for public subscription?
The IPO will open for public subscription on June 24 and conclude on June 26.
What is the total value of the IPO?
The total value of the IPO is Rs 1,590 crore.
How will Kalpataru Ltd use the funds raised from the IPO?
The funds raised from the IPO will be used primarily for the payment of debt and for general corporate purposes.
Who are the book-running lead managers for the IPO?
The book-running lead managers for the IPO are ICICI Securities Ltd, JM Financial Ltd, and Nomura Financial Advisory and Securities (India) Private Ltd.
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