Kalpataru IPO Fully Subscribed on Final Day; Overall Subscription at 2.26 Times
By HDFC SKY | Updated at: Jun 27, 2025 12:16 AM IST
Mumbai, June 26 — The ₹1,590-crore IPO of Kalpataru received a strong response on the final day of bidding, with the issue subscribed 2.26 times overall as of 5:09 PM.
Strong Institutional Demand Lifts Subscription
Qualified Institutional Buyers (QIBs)
- Shares reserved: 1,22,02,326
- Bids received: 3,80,15,100
- Subscription rate: 3.12 times
QIB demand was led by:
- Mutual Funds: 1,96,99,920 shares
- FIIs: 1,36,52,028 shares
- Domestic FIs/Insurers: 33,81,588 shares
- Others: 12,81,564 shares
Category-wise Final Subscription Status
| Category | Shares Reserved | Shares Bid For | Subscription |
|---|---|---|---|
| QIBs | 1,22,02,326 | 3,80,15,100 | 3.12x |
| Non-Institutional Investors | 61,01,162 | 79,72,380 | 1.31x |
| — High-Value NIIs | 40,67,442 | 64,26,900 | 1.58x |
| — Mid-Tier NIIs | 20,33,720 | 15,45,480 | 0.76x |
| Retail Investors (RIIs) | 40,67,441 | 52,65,576 | 1.29x |
| Employees | 4,55,587 | 3,20,040 | 0.70x |
Retail and Employee Bids See Steady Interest
- Retail Bids at Cut-Off Price: 44,64,072 shares
- Employee Bids at Cut-Off Price: 2,46,492 shares
Retail investors demonstrated strong momentum with a 1.29x subscription, while employees bid for 70% of their allotted quota.
Total Bids Received
- Total Shares on Offer: 2,28,26,516
- Total Bids Received: 5,15,73,096
- Overall Subscription: 2.26 times
What’s Next?
The allotment is scheduled to be finalised by June 27, and shares will debut on the stock exchanges on July 1. The IPO was priced in the band of ₹387 to ₹414 per share, with a significant portion of proceeds earmarked for debt reduction.
With robust institutional participation and solid retail interest, Kalpataru’s IPO concludes on a strong note, indicating investor confidence in the real estate developer’s growth outlook.
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