Kalpataru IPO GMP

July 20, 2025 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Kalpataru is a distinguished name in India’s real estate and infrastructure landscape, recognized for over five decades of delivering premium residential, commercial, and retail projects across major cities. The group’s portfolio also includes significant contributions to power transmission, civil infrastructure, and facility management, reflecting its diversified expertise. The Kalpataru IPO, with an issue size of ₹1,590 crore, is scheduled to open on June 24, 2025.

₹00

Latest IPO GMP

Last updated on 29 Jun 2025 10.51

₹414

IPO Offer Price

*cut off price

₹414.00

Listing Price

Listing Date 01/07/2025

Expert Opinions

Market sentiment for Kalpataru IPO is cautiously positive, buoyed by robust order inflows, strong execution, and a solid financial track record, though the broader infrastructure sector remains sensitive to macroeconomic fluctuations and regulatory changes. The company’s strengths are highlighted by a diversified portfolio spanning power transmission, building and factories (B&F), and civil infrastructure, with a historic order book of ₹64,495 crore and proven capabilities in executing large-scale projects.

However, risks include exposure to project execution delays, input cost volatility, and competition for new orders. The Kalpataru IPO valuation analysis shows healthy revenue growth (14% year-on-year to ₹22,316 crore in FY25), a net profit margin of around 2.6%, and a stable EBITDA margin of 7.6–8.2%, though net debt remains moderate at ₹1,953 crore. From a long-term perspective, Kalpataru’s strong order backlog, focus on margin enhancement, and commitment to sustainable infrastructure provide a solid foundation for sustained growth, provided operational and financial risks are managed effectively.

Investor Considerations

Kalpataru IPO demonstrates robust company performance and fundamentals, marked by a 14% year-on-year revenue growth to ₹22,316 crore and a 15% rise in net profit to ₹586 crore for FY25, alongside a historic order book of ₹64,495 crore, driven by strong execution and diversified project wins. The sector outlook is positive, supported by government infrastructure investments, energy transition, and sustainable development initiatives, ensuring long-term business visibility.

The Kalpataru IPO valuation metrics, such as a P/E of approximately 23x and a Price to Book of around 3.9x, reflect investor optimism but also suggest a premium for future growth expectations. Growth prospects are underpinned by a solid order backlog, international expansion, and margin improvement targets. Key risk factors include project execution challenges, regulatory changes, and margin pressures in a competitive environment. For short-term investors, market sentiment and technical factors may be influential, while long-term investors can expect sustained growth from sector tailwinds and the company’s proven execution capabilities, provided operational and financial risks are managed effectively.