Kalpataru was incorporated on December 22, 1988. The company is a real estate developer engaged in all essential activities of real estate development, including land identification and acquisition, planning, designing, execution, sales, and marketing of its projects.
| Bidding Dates |
|---|
| 24 Jun 2025 - 26 Jun 2025 |
| Subscription |
|---|
| 2.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,932 | 1 | 13 | 36 | 38.4 M | ₹387 - ₹414 | 81.35 % | ₹14863.0 M - ₹15900.0 M | RHP DOC |
Kalpataru IPO SUBSCRIPTION STATUS
26 Jun '25Kalpataru IPO overall subscription rate was 2.26 times the total available shares
Kalpataru IPO retail subscription rate was 1.29 times in the retail segment
Kalpataru IPO non-institutional investor subscription rate was 1.31 times in the non-institutional investor category
Kalpataru IPO Qualified Institutional Bidder subscription rate was 3.12 times the available shares for Qualified Institutional Bidder
Kalpataru IPO Employees subscription rate was 0.7 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
26 Jun 2025 (Day 3) | 1.29x | 1.31x | 3.12x | 0.7x |
25 Jun 2025 (Day 2) | 0.73x | 0.45x | 0.17x | 0.38x |
24 Jun 2025 (Day 1) | 0.33x | 0.1x | - | 0.18x |
Kalpataru FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 5.5 | 1,624.7 | 300.4 | 269.9 | 6.3% |
| FY24 | -116.5 | 1,930.0 | 376.4 | 391.2 | -4.0% |
| FY23 | -229.4 | 3,633.2 | 2,139.1 | 2,122.6 | -1.4% |
| FY22 | -125.4 | 1,000.7 | 402.2 | 396.5 | -3.6% |
Kalpataru IPO SUBSCRIPTION STATUS DETAILS
Kalpataru had 38.4 M shares on offer
Kalpataru IPO offer price was in the range ₹387 - ₹414
Kalpataru IPO minimum Investment was ₹13932
Kalpataru IPO issue size was ₹ 14863.0 M - ₹ 15900.0 M
Kalpataru had a minimum lot size of 36 Shares per application
Kalpataru NUMBER OF SHARES ON OFFER
Kalpataru IPO IMPORTANT DATES
| Issue Open Date | 24 Jun 2025 |
| Issue close Date | 26 Jun 2025 |
| Allotment Date | 27 Jun 2025 |
| Refund Date | 30 Jun 2025 |
| Demat Account Credit Date | 30 Jun 2025 |
| Listing Date | 01 Jul 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Kalpataru Allotment Status | Exchange/ Registrar |
Kalpataru IPO subscription opened on 24 Jun 2025, and closed on 26 Jun 2025
IPO allotment for Kalpataru was finalized on Friday, 27 Jun 2025
IPO listing for Kalpataru was on NSE and BSE on Tuesday, 01 Jul 2025
Kalpataru IPO LISTING GAINS
| Issue Price (adjusted) | 414.0 |
| Listing Open Price | 414.0 |
| Listing Close Price | 432.9 |
| Listing Gain% | 0.0% |
| Current Gain% | -30.9% |
Kalpataru Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kalpataru Ltd. | 286.2 | 5892.7 | 50.5 | 0.1 | 1.7 | 2.3 | 0.5 | 3536.7 | 51.7 | 93.7 | 333.4 | 5.7 | 548.2 |
| DLF Ltd. | 654.6 | 162021.5 | 36.4 | -42.2 | 24 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1214.5 | 121344.2 | 29.4 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Phoenix Mills Ltd. | 1929.4 | 69007.6 | 53.9 | 1.9 | 15.2 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Prestige Estates Projects Ltd. | 1591.9 | 68567.9 | 60.2 | 0.5 | 5.3 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Oberoi Realty Ltd. | 1792.8 | 65186.6 | 24.8 | 0.9 | 10.3 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Kalpataru INFORMATION ON IPO ISSUE
About Kalpataru
Kalpataru was incorporated on December 22, 1988. The company is a real estate developer engaged in all essential activities of real estate development, including land identification and acquisition, planning, designing, execution, sales, and marketing of its projects.
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the company and its subsidiaries
- General corporate purposes
Kalpataru - PROMOTERS
| Name |
|---|
| Mofatraj P. Munot |
| Parag M. Munot |
Kalpataru Book Running Lead Managers
ICICI Securities Limited
kalpataru.ipo@icicisecurities.com
JM Financial Limited
kalpataru.ipo@jmfl.com
Nomura Financial Advisory and Securities (India) Private Limited
kalpataruipo@nomura.com
Kalpataru Registrar to the Offer
MUFG Intime India Private Limited
kalpataru.ipo@in.mpms.mufg.com
Kalpataru Strengths
Well-Established Brand
The company focuses on branded real estate, developing and marketing its projects as "branded projects." It has been granted the right to use the "Kalpataru" brand name by Kalpataru Business Solutions Pvt. Ltd., a group company.
Leading Sustainable Building Developer
The company emphasizes green and environmental sustainability practices in the design and construction of its real estate projects. The company, as a founding member of the Indian Green Building Council (IGBC), actively promotes the green building concept in India.
Kalpataru Risks
Geographically Concentrated
The company’s 95% of real estate development projects were concentrated in the Mumbai Metropolitan Region and Pune as of FY24. This concentration exposes the company to risks from economic, regulatory, political, and other changes in these regions, potentially affecting its business.
Long-term Projects
Real estate projects require significant time for development, and delays or cost overruns could occur in the company’s ongoing, forthcoming, and planned projects. The company doesn't assure that these projects will be completed within the anticipated budgets and timelines.
IPO FAQs
The promoters of the company are Mofatraj P. Munot and Parag M. Munot.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 387.0 - 414.0.
The IPO application opens on Jun 24, 2025 and closes on Jun 26, 2025.
The minimum lot size for the IPO is 36. The maximum lot size for the IPO is 468.
For all category investors, the minimum application amount for this IPO is Rs. 13,932.0, the maximum value for this IPO is Rs 193,752.0.
This IPO will be allotted on Jun 27, 2025.
The refund will be credited to your account on Jun 30, 2025.
The allotted shares will be credited to your demat on Jun 30, 2025.
Kalpataru Ltd.’s shares listed on the stock exchanges on Jul 01, 2025.