Kalpataru IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 24 Jun 2025
Close Date
Thu, 26 Jun 2025
Price Band
₹ 387 – 414
Lot Size
36
Issue Size
₹ 1,590.00 Cr
Minimum Investment
₹ 14,904 (36 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Kalpataru IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,590.00 Crore, comprising a fresh issue of 3.84 Crore equity shares aggregating to ₹1,590.00 Crore.
The Kalpataru IPO remained open for subscription from June 24, 2025, to June 26, 2025. The basis of allotment was finalized on June 27, 2025, and the company's shares were listed on the NSE and BSE on July 01, 2025.
The company had fixed the price band at ₹387 to ₹414 per share, with a lot size of 36 shares. Retail investors were required to make a minimum investment of ₹14,904 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 455,587 equity shares for eligible employees, who received a discount of ₹38 per share.
MUFG Intime India Private Limited served as the registrar to the issue. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory And Securities (India) Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Kalpataru Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Kalpataru IPO Timeline (Tentative)
- IPO Open Date
- Tue, 24 Jun 25
- IPO Close Date
- Thu, 26 Jun 25
- Basis of Allotment
- Fri, 27 Jun 25
- Initiation of Refunds
- Mon, 30 Jun 25
- Credit of Shares to Demat
- Mon, 30 Jun 25
- Listing Date
- Tue, 01 Jul 25 — NSE & BSE
Open Date
24 June 2025
Close Date
26 June 2025
Basis Of Allotment
27 June 2025
Listing Date
01 July 2025
IPO Subscription
Check Live Subscription →The Kalpataru IPO has received bids for 5,15,74,176 shares against 2,28,26,516 shares offered, resulting in an overall subscription of 2.26x. the NII category is subscribed 1.31x, Retail Investors 1.29x, Employees 0.7x, and QIBs 3.12x. Within the NII category, BNII is subscribed 1.58x, while SNII is subscribed 0.76x.
QIB
3.12x
NII
1.31x
BNII
1.58x
SNII
0.76x
RII
1.29x
EMP
0.7x
Total
2.26x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 40,67,441 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,22,02,326 shares (0%), while Non-Institutional Investors (NIIs) receive 61,01,162 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 12,202,326 | 0% |
| Non-Institutional | 6,101,162 | 0% |
| BNII | 4,067,442 | 0% |
| SNII | 2,033,720 | 0% |
| Retail Investors | 4,067,441 | 0% |
| Employees | 455,587 | 0% |
| Total | 22,826,516 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Kalpataru Limited KPI Information
| Particular |
|---|
Peers Comparison
No Peer Comparision Available
About Kalpataru Limited
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.
Kalpataru IPO Promoters
- Mofatraj P. Munot
- Parag M. Munot
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Kalpataru IPO Objective
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.
Kalpataru Limited Address / Contact Details
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
Kalpataru IPO Lot Size
The Kalpataru IPO has a lot size of 36 shares. Retail investors require a minimum investment of ₹14,904 by applying for 1 lot (36 shares). The maximum application allowed for the retail category is 13 lots (468 shares), requiring an investment of ₹1,93,752.
| 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 |
Issue Reservation
Book Running Lead Managers
- ICICI Securities Limited
- JM Financial Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Kalpataru IPO?
Kalpataru IPO is a Book-building IPO with a total issue size of ₹1590 crore. The Kalpataru IPO price band is ₹387 to 414 per share. The Kalpataru IPO subscription opens on Tue, Jun 24, 2025, and closes on Thu, Jun 26, 2025. The Kalpataru IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Kalpataru IPO.
When will the Kalpataru IPO open for subscription?
The Kalpataru IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025
What is Kalpataru IPO Price Band?
Kalpataru IPO Price Band is ₹387 to 414 per share.
What is Kalpataru IPO Lot Size?
Kalpataru IPO lot size is 36 shares, Retail investors need a minimum investment of ₹14904 based on the upper price band
What is the minimum investment for Kalpataru IPO?
The minimum investment for Kalpataru IPO is ₹14904, based on one lot of 36 shares at the upper price band of ₹414 per share.
How to apply for Kalpataru IPO?
Investors can apply for the Kalpataru IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jun 26, 2025. The application amount remains blocked until the Kalpataru IPO allotment is finalized.
What is Kalpataru IPO Issue Size?
Kalpataru IPO issue size is ₹1590 crores.
What is the Kalpataru IPO Allotment Date?
Kalpataru IPO allotment date is Fri, Jun 27, 2025.
Who is the Kalpataru IPO Registrar?
The registrar for Kalpataru IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Kalpataru IPO allotment status, refund processing, and other IPO-related information.
What is the Kalpataru IPO GMP?
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 0.24% over the issue price.
Who is the Kalpataru IPO Lead Manager?
The book-running lead managers (BRLMs) for the Kalpataru IPO are ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory And Securities (India) Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kalpataru IPO Red Herring Prospectus (RHP).