Kalpataru Ltd Shares Surge Over 9% After Flat Market Debut
Shares of real estate developer Kalpataru Ltd made a flat market debut on Tuesday but later surged over 9%, demonstrating strong investor confidence.
Kalpataru IpoKalpataru SharesBseNseReal EstateReal Estate MumbaiJul 01, 2025
The stock started trading at Rs 414.10 on the BSE. But, it later gathered momentum and climbed 9.42 per cent to Rs 453 against the issue price. At the NSE, the stock got listed at par with the issue price of Rs 414. Later, it surged 9.37 per cent to Rs 452.80 apiece.
The company commanded a market valuation of Rs 9,121.99 crore during early trade. The initial public offering of Kalpataru Ltd garnered 2.26 times subscription on the closing day of bidding on Thursday last week.
The company had fixed a price band of Rs 387-414 per share for its IPO. Its IPO was entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer-for-sale (OFS) component. The company 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.
Frequently Asked Questions
What was the initial trading price of Kalpataru Ltd shares on the BSE?
The initial trading price of Kalpataru Ltd shares on the BSE was Rs 414.10.
How much did Kalpataru Ltd shares surge to on the BSE after the initial flat debut?
Kalpataru Ltd shares surged to Rs 453 on the BSE, a 9.42 per cent increase from the issue price.
What was the subscription rate for Kalpataru Ltd's IPO?
Kalpataru Ltd's IPO garnered 2.26 times subscription on the closing day of bidding.
What is the proposed use of funds raised from the IPO?
The funds raised from the IPO will be used for the payment of debt and general corporate purposes.
What are the main types of projects Kalpataru focuses on?
Kalpataru focuses on the development of residential, commercial, retail, and integrated township projects, as well as the redevelopment of societies.
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