Kalpataru IPO
Open MainLineCurrent GMP
₹1 (+0.24%)
Price Band
₹ 387 – 414
Lot Size
36
Issue Size
₹1590 Cr
Minimum Investment
₹14904 (36 Shares)
Listing Date
01 July 2025
Subscription
2.26x
About the Company
Kalpataru Limited is a leading integrated real estate development company with a strong presence in the Mumbai Metropolitan Region (MMR) and across Maharashtra. Between 2019 and 2023, MMR was the top-performing real estate market among India’s seven major regions in terms of supply, absorption, and average base selling price. During this period, Kalpataru ranked fifth in units supplied within the Municipal Corporation of Greater Mumbai (MCGM) and fourth in Thane.
As of March 31, 2024, Kalpataru and its Promoters had successfully delivered 113 projects, covering over 24.10 million sq. ft. (msf) across Maharashtra, Telangana, Karnataka, Madhya Pradesh, and Rajasthan. The company’s development pipeline includes:
- 23 ongoing projects (22.02 msf)
- 9 upcoming projects (19.93 msf)
- 5 planned projects
Kalpataru also holds 1,886.10 acres of land reserves. A significant majority—94.93%—of its development portfolio is concentrated in the MMR and Pune, with 67.71% of its residential developable area located within MMR alone.
A pioneer in sustainable building practices, Kalpataru is a founding member of the Indian Green Building Council (IGBC) and has developed over 32.5 msf of IGBC and LEED-certified built-up area. The company benefits from the backing of the 55-year-old Kalpataru Group, which operates in 73 countries and employs more than 27,000 people. This affiliation provides Kalpataru with robust brand equity, in-house execution strength, and deep regional expertise.
As of March 31, 2024, Kalpataru employed 1,112 individuals, including:
- 1,079 permanent employees
- 20 on fixed-term contracts
- 13 on retainer contracts
Founded in 1988 and headquartered in Mumbai, Kalpataru Limited specializes in the development of residential and commercial properties, retail spaces, and integrated townships across key Indian cities such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur.
Kalpataru is part of the broader Kalpataru Group, which includes entities such as:
- Kalpataru Projects International Limited
- Property Solutions (India) Private Limited
- Shree Shubham Logistics Limited
- And their respective subsidiaries
As of March 31, 2024, the company had completed 70 projects and was actively developing 40 ongoing projects.
Promoters
- Mofatraj P. Munot
- Parag M. Munot
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company Kalpataru IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Repayment/pre-payment, in full or in part, of certain borrowings availed by: Company; and Subsidiaries
- General corporate purposes.
Address / Contact Info
Kalpataru Limited
91, Kalpataru Synergy, opposite Grand
Hyatt, Santacruz (East),
Mumbai 400055, Maharashtra
Phone: +91 22 3064 5000
Email: investor.cs@kalpataru.com
Website: http://www.kalpataru.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 24 June 2025
IPO Close Date
Thursday, 26 June 2025
Basis of Allotment
Friday, 27 June 2025
Initiation of Refunds
Monday, 30 June 2025
Credit of Shares to Demat
Monday, 30 June 2025
Listing Date
Tuesday, 01 July 2025 — NSE & BSE
Important Dates
Open Date
24 June 2025
Close Date
26 June 2025
Basis Of Allotment
27 June 2025
Listing Date
01 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 15562.35 | 13879.43 | 12540.77 | 13410.57 |
| Revenue | 1699.49 | 2029.94 | 3716.61 | 1248.55 |
| Profit After Tax | 5.51 | -116.51 | -229.43 | -125.36 |
| Net Worth | 1579.54 | 1028.23 | 1221.89 | 1429.01 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 11056.4 | 10688.31 | 9679.64 | 10365.97 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0 |
| RoNW % | 0 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 12202326 | 0 | 0 |
| Non-Institutional | 6101162 | 0 | 0 |
| BNII | 4067442 | 0 | 0 |
| SNII | 2033720 | 0 | 0 |
| Retail Investors | 4067441 | 0 | 0 |
| Employees | 455587 | 0 | 0 |
| Total | 22826516 | 0 | 0 |
Subscription Status ( Thu, 26 Jun 25 01:32 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 12202326 | 38015100 | 3.12x |
| Non-Institutional | 6101162 | 7972380 | 1.31x |
| BNII | 4067442 | 6426900 | 1.58x |
| SNII | 2033720 | 1545480 | 0.76x |
| Retail Investors | 4067441 | 5266728 | 1.29x |
| Employees | 455587 | 319968 | 0.7x |
| Total | 22826516 | 51574176 | 2.26x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 36 | 14,904.00 |
| Retail (Max) | 13 | 468 | 193,752.00 |
| S-HNI (Min) | 14 | 504 | 208,656.00 |
| S-HNI (Max) | 67 | 2,412 | 998,568.00 |
| B-HNI (Min) | 68 | 2,448 | 1,013,472.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- ICICI Securities Limited
- JM Financial Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Kalpataru IPO is a Book-building IPO worth ₹1590 crores. The price band is ₹387 to 414 per share. The IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Kalpataru IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025
Kalpataru IPO Price Band is ₹387 to 414.
Kalpataru IPO lot size is 36, and the minimum amount required for application is ₹14904.
The minimum investment for Kalpataru IPO is approximately ₹14904 based on the upper price band.
To apply for the Kalpataru IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jun 26, 2025. After submission, funds are blocked until the basis of allotment of Kalpataru IPO is finalised.
Kalpataru IPO issue size is ₹1590 crores.
Kalpataru IPO allotment date is Sat, Jun 27, 2026.
The registrar for Kalpataru IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Kalpataru IPO through their official website or helpline.
The Kalpataru IPO GMP (Grey Market Premium) is ₹1 as of Tue, Jul 1, 2025. Based on the upper price band of ₹414 per share, the estimated Kalpataru IPO listing price is ₹415, indicating a potential listing gain of approximately 31% over the issue price.