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 initial trading price of Kalpataru Ltd shares on the BSE was Rs 414.10.
Kalpataru Ltd shares surged to Rs 453 on the BSE, a 9.42 per cent increase from the issue price.
Kalpataru Ltd's IPO garnered 2.26 times subscription on the closing day of bidding.
The funds raised from the IPO will be used for the payment of debt and general corporate purposes.
Kalpataru focuses on the development of residential, commercial, retail, and integrated township projects, as well as the redevelopment of societies.
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