Kalpataru IPO Details
The key details of Kalpataru’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹1,590 Cr |
| Price Range | ₹387 - ₹414 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | ₹38 |
| Listing at | NSE and BSE |
| Minimum Quantity | 36 |
| Investment (cut-off price) | ₹14,904 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Kalpataru IPO Timelines
The IPO process for Kalpataru includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
24/06/2025
Start Date26/06/2025
End Date30/06/2025
Refund Initiation30/06/2025
Credit of Shares to Demat Ac01/07/2025
Listing DateKalpataru IPO Lot Size
The Kalpataru IPO has a fixed lot size of 36 shares, at an upper price band of ₹414 per share, requiring ₹14,904 per lot for retail investors. Retail investors can apply for a maximum of 468 shares worth ₹193,752. For Small HNI (S-HNI), the minimum application starts at 504 shares (₹208,656) up to 2,412 shares (₹998,568), while Big HNI (B-HNI) requires a minimum of 2,448 shares amounting to ₹1,013,472.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 36 | ₹14,904 |
| Retail Maximum | 13 | 468 | ₹1,93,752 |
| S-HNI Minimum | 14 | 504 | ₹2,08,656 |
| S-HNI Maximum | 67 | 2412 | ₹9,98,568 |
| B-HNI Minimum | 68 | 2448 | ₹10,13,472 |
Kalpataru IPO Subscription Status
The subscription status for Kalpataru IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 3.12x | 1.40x | 1.43x | 0.76x | 2.31x |
IPO Performance on Listing Day
On the listing day (July 1, 2025), Kalpataru made a stable debut on the stock exchange. The stock opened at ₹414, matching its issue price without any premium or discount. Throughout the trading session, the stock gained upward momentum, climbing to a high of ₹452.80 while maintaining a low at its opening price. The shares concluded their first trading day at ₹432.95, securing a respectable gain of 4.6% over the issue price, reflecting steady investor interest in this company.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹414.00 | ₹432.95 | ₹452.80 | ₹414.00 |
Kalpataru IPO Company Financials
Kalpataru IPO reports robust performance in FY2024 with Total Income of ₹2,029.94 crores, managing expenses at ₹2,125.28 crores, and achieving a strong PAT (Profit After Tax) of -₹113.81 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹1,248.55 | ₹1,387.59 | -₹121.55 |
| FY 2023 | ₹3,716.61 | ₹3,874.52 | -₹226.79 |
| FY 2024 | ₹2,029.94 | ₹2,125.28 | -₹113.81 |
| FY 2025 (9 M) | ₹1,624.74 | ₹1,651.02 | ₹4.77 |
About Company
Kalpataru Limited, established in 1988 and headquartered in Mumbai, is a prominent real estate developer in India, with operations spanning major cities such as Mumbai, Thane, Pune, Hyderabad, Bengaluru, and more. The company focuses on developing a wide range of residential, commercial, retail, and integrated township projects. As of March 31, 2024, it has completed 113 projects covering over 24.10 million square feet and has 40 ongoing projects. Kalpataru is known for delivering high-quality constructions across luxury, premium, and mid-income segments, with a reputation for timely project execution.
With a robust pipeline of upcoming developments totaling 19.93 million square feet and ongoing work across 22.02 million square feet, Kalpataru is poised for continued expansion. Its substantial land reserves of 1,886.10 acres provide a solid foundation for future growth. The company is part of the Kalpataru Group, which includes several subsidiaries in real estate, EPC, logistics, and infrastructure. This affiliation enhances its execution strength and cross-sector capabilities, reinforcing Kalpataru Limited’s position as a trusted and competitive player in the Indian real estate market.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1988 | Real Estate | Parag Munot |
Know Before Investing
Kalpataru IPO Strengths
- Kalpataru is recognized for its quality construction, timely delivery, and strong brand presence in India’s real estate sector, especially in Mumbai and Thane.
- The company has a robust pipeline of ongoing, forthcoming, and planned projects, providing visibility on future cash flows and growth potential.
- Kalpataru possesses end-to-end capabilities, handling land acquisition, planning, design, execution, sales, and marketing in-house, ensuring efficiency and quality.
- The company has a presence across key markets in Maharashtra, Telangana, Madhya Pradesh, Karnataka, and Rajasthan, reducing regional concentration risk.
- Kalpataru has successfully completed 113 projects spanning over 24 million square feet, demonstrating proven execution capabilities.
- Being part of a diversified conglomerate with expertise in real estate, EPC contracting, and infrastructure strengthens its operational synergies and market credibility.
- India’s real estate sector is expected to benefit from urbanization, rising incomes, and strong GDP growth, creating a positive environment for Kalpataru’s expansion.
Kalpataru IPO Risks
- Kalpataru Limited has reported net losses in recent years, which may raise concerns about its financial stability and future profitability.
- The company is heavily dependent on the Mumbai Metropolitan Region (MMR) and Pune, making it vulnerable to local economic downturns, regulatory changes, or increased competition in these markets.
- Construction projects are susceptible to delays due to labor issues, material shortages, or regulatory approvals, potentially leading to cost overruns and reduced profitability.
- The business is labor-intensive and may face risks such as strikes, work stoppages, increased wage demands, or high attrition, all of which could disrupt operations and impact results.
- The company is subject to complex real estate regulations and may face legal disputes related to land acquisition or project approvals, which could delay projects and damage its reputation.
- Changes in revenue recognition policies and rising operational costs could further affect profitability and financial stability.
Swot Analysis for Kalpataru IPO
Strengths
Strong Brand and Reputation, Supportive Industry Trends, Established Track Record
Weaknesses
Regional Concentration, Challenges in Land Acquisition, Dependence on Real Estate Cycles
Opportunities
Sectoral Growth, Government Initiatives, Urbanization and Rising Incomes
Threats
Economic Downturns, Regulatory Risks, Project Execution Risks
Company Details
Kalpataru Limited
91, Kalpataru Synergy, oppositeGrand Hyatt, Santacruz (East), Mumbai 400 055, Maharashtra, India
Phone: +91 22 3064 5000
Email: investor.cs@kalpataru.com
Website: http://www.kalpataru.com/
IPO Registar Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: kalpataru.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Kalpataru IPO are:
- Repayment/pre-payment, in full or in part, of certain borrowings availed by: Company; and Subsidiaries
- General corporate purposes
ICICI Securities Limited, Jm Financial Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd are the book-running lead managers for the Kalpataru IPO.
Kalpataru IPO presents strong growth potential, driven by its solid foothold in the Mumbai Metropolitan Region—India’s most dynamic real estate market. With the Indian real estate sector projected to hit $1 trillion by 2030, Kalpataru is well-positioned to capitalize on rising demand. Its strategic focus on debt reduction and operational expansion further strengthens its long-term growth trajectory.
The issue price for the Kalpataru IPO is set between ₹387 to ₹414 per share.
To invest in one lot of Kalpataru IPO, you need ₹13,932 at the lower price band (₹387 per share) or ₹14,904 at the upper price band (₹414 per share) for a lot size of 36 shares.
Kalpataru IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on July 1, 2025.
Refund/unblocking of funds for Kalpataru IPO will begin on June 30, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Kalpataru IPO shares on listing day (July 1, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.