Kalpataru Ltd to Launch ₹1,590 Crore IPO: A Promising Step in the Real Estate Sector
Real estate developer Kalpataru Ltd is set to launch a ₹1,590 crore initial public offering (IPO) next week. The company has been witnessing strong demand for both residential and commercial properties, positioning it as a significant player in the Indian real estate market.
Kalpataru LtdIpoReal EstateProperty DevelopmentMumbaiReal Estate NewsJun 20, 2025
The company's updated red herring prospectus (RHP) filed with Sebi reveals that Kalpataru sold properties worth ₹3,201.98 crore in 2023-24. The latest document includes updates only up to the third quarter of the 2024-25 fiscal year.
Based in Mumbai, Kalpataru focuses on the development of residential, commercial, retail, and integrated township projects. The company is also involved in the redevelopment of societies. For its upcoming IPO, Kalpataru has set a price band of ₹387 to ₹414 per share. The IPO will open for public subscription on June 24 and conclude on June 26. Bidding for anchor investors will commence on June 23.
The IPO is entirely a fresh issue of equity shares worth ₹1,590 crore, with no offer for sale (OFS) component. The company plans to use the funds for debt repayment and general corporate purposes. At the upper end of the price band, Kalpataru is valued at around ₹8,500 crore, according to brokerage houses.
Kalpataru Ltd Managing Director Parag M Munot expressed confidence in the success of the company's IPO, despite global conflicts and economic uncertainties. He highlighted that India's growth story remains strong, driving demand across various sectors, including real estate. Munot noted that Kalpataru has a significant portfolio of nearly 50 million square feet, including 25 million square feet of ongoing projects, 16 million square feet of forthcoming projects, and nearly 8 million square feet at the planning stage.
Kalpataru is one of the leading real estate developers in the country, with a strong presence in the Mumbai Metropolitan Region (MMR) in Maharashtra. Since its inception, the company has completed 75 projects, comprising 16 million square feet. While a majority of its projects are located in the MMR and Pune (Maharashtra), it also has projects in Hyderabad (Telangana) and Noida (Uttar Pradesh).
The Kalpataru Group was established in 1969 by Mofatraj P Munot. The group has a multinational presence and operates in various sectors, including EPC contracting for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management. Kalpataru Projects International Ltd is listed on the NSE and BSE.
Frequently Asked Questions
What is the total value of Kalpataru's upcoming IPO?
The total value of Kalpataru's upcoming IPO is ₹1,590 crore.
When will the IPO be open for public subscription?
The IPO will be open for public subscription from June 24 to June 26.
What is the price band set for the IPO shares?
The price band for the IPO shares is set at ₹387 to ₹414 per share.
What are the main sectors Kalpataru focuses on?
Kalpataru focuses on the development of residential, commercial, retail, and integrated township projects, as well as the redevelopment of societies.
How many projects has Kalpataru completed since its inception?
Since its inception, Kalpataru has completed 75 projects, comprising 16 million square feet.
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