Kalpataru Limited IPO to Open on June 24, 2025
Bengaluru: Kalpataru Limited, a prominent real estate developer in the Mumbai Metropolitan Region, will open its initial public offering (IPO) on June 24, 2025. The IPO will close on June 26, 2025.
The price band for the IPO has been fixed at ₹387 to ₹414 per equity share. A discount of ₹38 per equity share will be offered to eligible employees bidding in the employee reservation portion. The minimum bid quantity is 36 equity shares, and bids can be made in multiples of 36 equity shares thereafter.
The company proposes to utilize the net proceeds from the issue towards repayment/pre-payment of certain borrowings and general corporate purposes. The issue consists of a fresh issue of up to ₹15,900 million.
The issue is being made through the book building process. Not less than 75% of the net issue will be available for allocation to qualified institutional buyers (QIBs), with up to 60% of the QIB portion available for allocation to anchor investors. The remaining portion will be available for allocation to non-institutional investors and retail individual investors.
ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers to the issue.
