Real estate developer Kalpataru Ltd on Thursday set a price band from ₹ 387 to ₹ 414 per share for its initial public offer (IPO) of ₹ 1,590 million rupees.
The initial sale of shares will open for the public subscription on June 24 and will conclude on June 26. The offer for anchor investors will open on June 23, the company announced.
The company’s IPO is completely a new issue of capital shares worth 1,590 million rupees without a sacrifice component for sale (OFS).
At the upper end of the price band, the company has a value of around ₹ 8,500 million rupees, Brokerage Houses said.
The Mumbai -based company proposes to use funds for the payment of the debt and for general corporate purposes.
Kalpataru LTD is an outstanding real estate developer in the Mumbai Metropolitan Region (MMR) in Maharashtra and is present in all MMR micro-mercies.
While most of the company’s projects are in MMR and Pune (Maharashtra), it also has projects in Hyderabad (Telangana) and Noida (Uttar Pradesh).
The company focuses on the development of residential, commercial and retail projects of luxury, premium and income mid -income, integrated municipalities, closed communities of lifestyle and remodeling.
Kalpataru LTD is part of the Kalpataru group, which has a multinational presence and has operations in the hiring of EPC for the transmission and distribution of energy, oil and gas, railways, civil infrastructure projects, storage and logistics, and installation management.
The company announced that 75 percent of the size of the sacrifice has been reserved for qualified institutional buyers, 15 percent for non -institutional investors and the remaining 10 percent for retail investors.
In addition, investors can offer for a minimum of 36 shares and in multiple of them.
ICICI Securities LTD, JM Financial LTD and Nomura Financial Advisory and Securities (India) Private LTD are the leading managers of the book for the subject. The company’s shares are expected to be listed on July 1 in BSE and NSE.
Posted on June 19, 2025