Kalpataru IPO opens on 24 June 2025 and closes on 26 June 2025 This is a Book Build Issue company aims to raise around ₹1590 crore face value ₹10 per share Fresh issue size is ₹1590 crore no offer for sale component
Price Band and Investor Allocation
Price band is between ₹387 to ₹414 per share Retail quota is ten percent QIB quota is seventy five percent and HNI quota is fifteen percent
Market Lot Details
Minimum application requires one lot of 36 shares costing ₹14904 Retail investors can apply up to thirteen lots totaling 468 shares worth ₹193752 S HNI begins at lot 14 (504 shares) amounting ₹208656 B HNI minimum lot is 68 (2448 shares) costing ₹1013472
IPO Key Dates
Opening date 24 June 2025
Closing date 26 June 2025
Allotment finalised on 27 June 2025
Refunds and credit to demat account on 30 June 2025
Expected listing date is 1 July 2025 on BSE and NSE
Promoters
Promoted by Mofatraj P Munot and Parag M Munot
About Kalpataru Limited
Founded in 1988 in Mumbai
Focused on real estate development across residential commercial retail integrated townships in cities like Mumbai Pune Hyderabad Indore Bengaluru Jodhpur and Thane
Part of Kalpataru Group which has presence in over seventy three countries with more than 27000 employees
As of 31 March 2024 company has 40 ongoing projects and has completed 70 projects
Financial Summary FY2024 vs FY2023
Revenue dropped to ₹2029.94 crore in FY2024 from ₹3716.61 crore in FY2023
Loss reduced to ₹113.81 crore in FY2024 compared to ₹226.79 crore in FY2023
Profit after tax was negative ₹7.21 per share basic EBITDA margin was minus 4.04 percent
Net asset value stands at ₹73.63
Peer Comparison
Peers include Oberoi Realty Macrotech Godrej Properties Sunteck Mahindra Lifespace Keystone Prestige Kalpataru shows deeper losses while peers report positive EPS and strong NAV values
Objectives of the IPO Funds
Funds will be used to repay pre existing borrowings and for general corporate purposes
IPO Review and Analyst Views
Several brokerages have advised apply or watch strategy
Major book runners include ICICI Securities JM Financial and Nomura
Key FAQs
1 What is the Kalpataru IPO price band
Price band is ₹387 to ₹414 per share
2 What is the retail minimum lot size
Minimum lot is 36 shares costing around ₹14904
3 When is the allotment and listing date
Allotment is on 27 June 2025 listing expected on 1 July 2025
4 What is the issue size of the IPO
The IPO size is ₹1590 crore entirely fresh issue
5 Why has the company reported losses
The company has incurred losses due to higher expenses and reduced revenue compared to previous year
Investment Considerations
Prospective investors should consider company track record project pipeline wealth of Kalpataru group and planned use of IPO funds Risks revolve around operating losses real estate market volatility regulatory delays and dependence on project execution
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