Mumbai, June 19, 2025:
Real estate developer Kalpataru Limited, a key player in the Mumbai Metropolitan Region (MMR), is all set to launch its Initial Public Offering (IPO) on Tuesday, June 24, 2025, with a price band of ₹387 to ₹414 per equity share.
The IPO will close on Thursday, June 26, 2025, while the Anchor Investor bidding will open a day earlier, on Monday, June 23, 2025. Investors can place bids for a minimum of 36 equity shares and in multiples thereof.
🔍 IPO Structure & Key Details:
- Fresh Issue Size: ₹1,590 crore
- Face Value: ₹10 per equity share
- Employee Discount: ₹38 per equity share for eligible employees
- Listing: Shares will be listed on BSE and NSE
🧾 Use of Proceeds:
Kalpataru Limited plans to utilize the net proceeds for:
- Repayment or pre-payment of certain borrowings for itself and its subsidiaries
- General corporate purposes
📊 Allocation Details (As per SEBI Regulations):
- QIBs (Qualified Institutional Buyers): Minimum 75% of the Net Issue
- Up to 60% of QIB portion can be allocated to Anchor Investors
- 1/3rd of Anchor portion reserved for domestic mutual funds
- Non-Institutional Investors (NIIs): Up to 15%
- One-third for bids of ₹2–10 lakh
- Two-thirds for bids above ₹10 lakh
- Retail Individual Investors (RIIs): Up to 10%
- Employees: Equity shares worth ₹15.9 crore reserved, with discount
All non-anchor categories will participate through the ASBA mechanism, with UPI payment for eligible categories.
📑 Key Documents:
- Red Herring Prospectus (RHP)
- Price Band Ads: Financial Express, Jansatta
💼 Lead Managers:
The Book Running Lead Managers (BRLMs) for the issue are:
- ICICI Securities Limited
- JM Financial Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Also Read: Investment in real estate and IPO
