Kalpataru IPO

Established in 1988, Kalpataru Limited is a Mumbai-based real estate developer engaged in residential, commercial, retail, and township projects. Operating across key cities like Mumbai, Pune, Thane, Panvel, Hyderabad, Bengaluru, Indore, and Jodhpur, the company is part of the Kalpataru Group, which also includes Kalpataru Projects International, Property Solutions (India) Private Limited, and Shree Shubham Logistics Limited, among others. As of March 31, 2024, Kalpataru Limited has 40 active developments and has successfully completed 70 real estate projects across India.

Kalpataru Limited IPO Overview

Kalpataru IPO is a book-built issue worth ₹1,590.00 crores, consisting entirely of a fresh issue of 3.84 crore equity shares. The IPO will open for subscription on June 24, 2025, and close on June 26, 2025. The basis of allotment is likely to be finalised on Friday, June 27, 2025, and the shares are expected to be listed on the BSE and NSE on Tuesday, July 1, 2025. The price band for the IPO is set between ₹387 and ₹414 per share. Retail investors must apply for a minimum of one lot, which comprises 36 shares, requiring an investment of ₹13,932.

However, to avoid rejection in case of oversubscription, bidding at the cutoff price, amounting to ₹14,904, is recommended. For small non-institutional investors (sNII), the minimum application is 14 lots (504 shares), totalling ₹2,08,656, while for big non-institutional investors (bNII), it is 68 lots (2,448 shares), amounting to ₹10,13,472. The lead managers for the Kalpataru IPO are ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt Ltd. MUFG Intime India Private Limited (Link Intime) is appointed as the registrar for the issue

Kalpataru Limited IPO Details

Particulars	Details
IPO Date	24 June 2025 to 26 June 2025
Listing Date	1 July 2025
Face Value	₹10 per share
Issue Price Band	₹387 to ₹414 per share
Lot Size	36 Shares
Total Issue Size	3,84,05,797 shares (aggregating up to ₹1,590.00 Cr)
Fresh Issue	3,84,05,797 shares (aggregating up to ₹1,590.00 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE, BSE
Share Holding Pre Issue	16,74,89,537 shares
Share Holding Post Issue	20,58,95,334 shares

Kalpataru Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not less than 75% of the Net Issue
Retail	Not more than 10% of the Net Issue
NII (HNI)	Not more than 15% of the Net Issue

Kalpataru Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	36	₹14,904
Retail (Max)	13	468	₹1,93,752
S-HNI (Min)	14	504	₹2,08,656
S-HNI (Max)	67	2,412	₹9,98,568
B-HNI (Min)	68	2,448	₹10,13,472

Kalpataru Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue

Kalpataru Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	(7.41)
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	(10.15%)
Net Asset Value (NAV)	72.96
Return on Equity	–
Return on Capital Employed (ROCE)	–
EBITDA Margin	(4.04)
PAT Margin	–
Debt to Equity Ratio	NA

Objectives of the Proceeds

• Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and its Subsidiaries: ₹11,925 million

• General corporate purposes

Key Financials (in ₹ million)

Particulars	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	155,623.49	138,700.67	125,341.14	134,065.57
Revenue	16,247.36	19,299.84	36,331.82	10,006.73
Profit After Tax	55.11	(1165.07)	(2294.33)	(1253.62)
Reserves and Surplus	14,398.86	8792.14	10,755.82	12,853.46
Total Borrowings	110,563.95	106,883.09	96,796.43	103,659.65