Kalpataru IPO is scheduled to open for subscription on June 24, 2025, and will close on June 26, 2025. The basis of allotment will be finalized on June 27, and refunds will be initiated on June 30, 2025. On the same day, shares will be credited to investors’ Demat accounts, and the IPO will be listed on BSE and NSE on July 1, 2025.
Kalpataru IPO is a Book Build Issue, aiming to raise around ₹1,590 crores. This includes a fresh issue of ₹1,590 crores and an Offer for Sale (OFS) of up to [.] equity shares, each with a face value of ₹10. The price band for the IPO is yet to be announced. The retail investor quota is set at 10%, Qualified Institutional Buyers (QIB) will get 75%, and High Net-worth Individuals (HNI) have a 15% reservation.
As per the company’s financial report, Kalpataru posted a revenue of ₹2,029.94 crores in FY 2024, a drop from ₹3,716.61 crores in FY 2023. However, it also managed to reduce its loss to ₹113.81 crores in 2024, compared to a loss of ₹226.79 crores in 2023. Considering the company’s efforts to improve its financials, this IPO could be a good option for long-term investors.
Overview of Contents
About Kalpataru IPO
Kalpataru Limited is a well-known real estate development company, founded in 1988 and based in Mumbai, Maharashtra. The company is involved in the full process of real estate development — from land acquisition and project planning to construction, sales, and marketing. Over the years, Kalpataru has made its mark by developing residential complexes, commercial buildings, retail spaces, and integrated townships.
The company operates in several key cities across India, such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. As of March 31, 2024, Kalpataru Limited has 40 projects under development and has successfully delivered 70 completed projects.
Kalpataru Limited is part of the Kalpataru Group, which has a global presence with over 27,000 employees across 73 countries. The group also includes notable companies like Kalpataru Projects International Limited, Property Solutions (India) Private Limited, and Shree Shubham Logistics Limited, along with their subsidiaries.
With decades of experience and a strong project pipeline, Kalpataru continues to grow its presence in the Indian real estate sector.
Kalpataru IPO Overview
| Kalpataru Limited IPO Key Details | Information |
|---|---|
| Listing Platforms | NSE & BSE |
| IPO Type | Bookbuilding Issue |
| Face Value per Share | ₹10 |
| Estimated Issue Size | Around ₹1,590 Crores |
| Fresh Issue Size | ₹1,590 Crores (Approx) |
| IPO Price Range | ₹[.] to ₹[.] per equity share |
| Retail Investor Reservation | Up to 10% |
| Qualified Institutional Buyers (QIB) | Up to 75% |
| Non-Institutional Investors (NII) | Up to 15% |
| Total Shares Before IPO | 13,96,50,000 shares |
| Total Shares After IPO | 17,98,50,000 shares |
Kalpataru IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Kalpataru IPO Review
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certain borrowings availed by: Company; and Subsidiaries
- General corporate purposes.
Kalpataru IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | June 24, 2025 (Tuesday) |
| IPO Close Date | June 26, 2025 (Thursday) |
| Basis of Allotment | June 27, 2025 (Friday) |
| Refunds Initiation | June 30, 2025 (Monday) |
| Credit to Demat Account | June 30, 2025 (Monday) |
| IPO Listing Date | July 1, 2025 (Tuesday) |
Kalpataru IPO Market Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Kalpataru IPO Financial Performance
Kalpataru Limited has seen fluctuating financials over the last three fiscal years. While the company’s assets have steadily increased, its revenue dipped significantly in FY 2024 compared to FY 2023. However, the losses have narrowed, indicating gradual recovery. The company continues to maintain a high level of borrowings, while its net worth has declined over time.
| Financial Year Ended | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total Assets | 13,879.43 | 12,540.77 | 13,410.57 |
| Revenue from Operations | 2,029.94 | 3,716.61 | 1,248.55 |
| Profit / Loss After Tax | -113.81 | -226.79 | -121.55 |
| Net Worth | 1,028.23 | 1,221.89 | 1,429.01 |
| Total Borrowings | 10,688.31 | 9,679.64 | 10,365.97 |
Kalpataru l IPO GMP
The grey market premium (GMP) of Kalapataru IPO shows how much demand is there for the shares before listing. GMP gives an idea of how the IPO might perform on the listing day. Please note that GMP keeps changing daily based on market mood and demand. Investors should not fully depend on GMP and should check company fundamentals before investing.
- To Be Updated Soon
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Oberoi Realty Limited | 52.99 | 13.92 | 52.99 | 380.76 | 4495.79 Cr. |
| Macrotech Developers Limited | 16.03 | 8.87 | 15.99 | 175.66 | 10316.10 Cr. |
| Godrej Properties Limited | 26.09 | 7.26 | 26.08 | 359.39 | 3035.62 Cr. |
| Sunteck Realty Limited | 4.99 | 2.27 | 4.99 | 213.28 | 564.85 Cr. |
| Mahindra Lifespace Developers Limited | 6.34 | 5.25 | 6.33 | 120.82 | 212.09 Cr. |
| Keystone Realtors Limited | 9.85 | 6.24 | 9.82 | 157.85 | 2222.25 Cr. |
| Prestige Estates Projects Limited | 34.28 | 12.17 | 34.28 | 281.59 | 7877.10 Cr. |
Kalpataru IPO Registrar
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Jm Financial Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Company Address
Kalpataru Limited
91, Kalpataru Synergy,
Opposite Grand Hyatt,
Santa
Mumbai, Maharashtra, 400055
Phone: +91 22 3064 5000
Email: [email protected]
Website: http://www.kalpataru.com/
Kalpataru IPO FAQs
When is the Kalpataru IPO opening and closing?
The Kalpataru IPO will open on June 24, 2025 (Tuesday) and close on June 26, 2025 (Thursday).
What is the price band for Kalpataru IPO?
The price band for the Kalpataru IPO has not been announced yet. It will be updated once officially declared
What is the total issue size of the Kalpataru IPO?
The IPO aims to raise approximately ₹1,590 crores, consisting solely of a fresh issue.
On which exchanges will Kalpataru be listed?
The company’s shares will be listed on both BSE and NSE on July 1, 2025 (Tuesday)