Kalpataru IPO Fully Subscribed on Final Day; Overall Subscription at 2.26 Times

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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