Kalpataru Limited IPO: Subscription Details
Kalpataru Limited is launching its IPO, open for subscription from June 24 to June 26, 2025. This issue is a 100% fresh equity offer of 3.84 crore shares, with a price band of ₹387 to ₹414 per share.
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | June 24, 2025 |
| IPO Close Date | June 26, 2025 |
| Allotment Finalisation | June 27, 2025 |
| Listing Date (Tentative) | July 1, 2025 |
About Kalpataru Limited
Kalpataru Limited, a part of the 55-year-old Kalpataru Group, operates in the real estate and infrastructure segment. The company focuses on residential, commercial, retail, and integrated township projects in major cities like Mumbai, Pune, Hyderabad, Bengaluru, and others.
As of March 31, 2024, Kalpataru has completed 70 projects and has 40 ongoing developments.
Grey Market Premium (GMP)
According to sources, the IPO is trading at a GMP of ₹9, which reflects an approximate premium of 2.17% over the upper price band.
Promoter Holding
- Promoters: Mofatraj P. Munot and Parag M. Munot
- Pre-IPO Holding: 100%
- Post-IPO Holding: 81.3%
- Total Promoter Shares: 4.88 crore equity shares (35% of equity capital)
Use of IPO Proceeds
- ₹1,192.5 crore will be used for repayment/prepayment of borrowings
- Remaining amount for general corporate purposes
Financial Performance
| Metric | FY23 | FY24 |
|---|---|---|
| Revenue | ₹3,633.1 Cr | ₹1,930 Cr |
| Net Loss | ₹226.78 Cr | ₹113.80 Cr |
| Total Assets | ₹12,540.77 Cr | ₹13,879.43 Cr |
| Total Liabilities | ₹11,333.73 Cr | ₹12,879.12 Cr |
Conclusion
Kalpataru IPO offers a good opportunity for long-term investors looking at the real estate sector. However, recent financial losses and declining revenue should be considered before making a decision. Ideal for investors with a medium-to-high risk appetite.