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

Kalpataru Ltd to Launch ₹1,590 Crore IPO: A Promising Step in the Real Estate Sector
Real Estate News:New Delhi: Real estate developer Kalpataru Ltd is poised to launch a ₹1,590 crore IPO next week. The company has seen robust demand for its properties, with sales totaling ₹2,727.24 crore during April-December of the last fiscal year. This strong performance is a testament to the growing interest in both residential and commercial assets in India.

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.

Related News Articles

Arkade Developers to Launch Rs 410-Crore IPO on September 16
real estate news

Arkade Developers to Launch Rs 410-Crore IPO on September 16

Arkade Developers, a rapidly expanding real estate development firm, is set to launch its initial public offering (IPO) on September 16, with a goal of raising Rs 410 crore.

September 9, 2024
Read Article
Mumbai Property Registrations Surge 5% in November: Knight Frank Report
Real Estate Mumbai

Mumbai Property Registrations Surge 5% in November: Knight Frank Report

Property registrations in the Mumbai Municipal Region witnessed a 5% increase, registering over 10,200 units in November, as per the latest report by Knight Frank. This surge indicates a positive trend in housing demand in the city.

November 30, 2024
Read Article
Macrotech Developers Acquires 20-Acre Land in Bengaluru, Targets Rs 2800 Crore Sales
Real Estate

Macrotech Developers Acquires 20-Acre Land in Bengaluru, Targets Rs 2800 Crore Sales

Real estate giant Macrotech Developers has acquired a 20-acre land parcel in Bengaluru to develop a housing project worth Rs 2800 crore, as part of its strategic expansion plan.

January 12, 2025
Read Article
Sunteck Realty Q3 Results: Company Returns to Profit with ₹42.5 Crore; Revenue Soars 4-Fold
real estate news

Sunteck Realty Q3 Results: Company Returns to Profit with ₹42.5 Crore; Revenue Soars 4-Fold

Sunteck Realty, a prominent real estate developer in India, has reported a significant turnaround in its financial performance. The company posted a profit of ₹42.5 crore in the third quarter, a stark contrast to the previous year's losses. Revenue also s

January 20, 2025
Read Article
Flex Space Demand Set to Soar in 2025 as Companies Optimize Costs
Real Estate

Flex Space Demand Set to Soar in 2025 as Companies Optimize Costs

The demand for flex spaces witnessed a significant surge in 2024, and industry experts predict this momentum will continue into 2025, driven by cost optimization and the growing adoption of hybrid work models. Flex spaces have become a strategic asset for

January 26, 2025
Read Article
Assetz Develops 7,500 Homes on 200 Acres in Bengaluru
real estate news

Assetz Develops 7,500 Homes on 200 Acres in Bengaluru

Assetz, a leading real estate developer, has acquired 200 acres of land in Bengaluru to develop 7,500 new homes. This significant land acquisition marks a major step in the company's expansion plans and is expected to boost the local housing market.

April 15, 2025
Read Article