Latest news with #Kalpataru
Mint
3 days ago
- Business
- Mint
Kalpataru, Ellenbarrie, Globe Civil Projects, Stallion India Fluorochemicals shares fall as IPO lock-in period ends
Shares of Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, and Stallion India Fluorochemicals traded lower on Monday as the mandatory lock-in period for pre-IPO investors expired today. Stallion India Fluorochemicals led the decline, with its stock falling as much as 8.21% to ₹ 112.56 apiece. Shares of Ellenbarrie Industrial Gases dropped 3% to ₹ 545.85, Globe Civil Projects declined 2.38% to ₹ 85.42, and Kalpataru slipped 1% to ₹ 402.05 on the BSE. The correction in these stocks comes after the expiry of the lock-in period for non-promoter, pre-IPO shareholders on July 28, 2025. Under SEBI regulations, anchor investors are subject to a lock-in period of 30 and 90 days for 50% of their allotted shares, respectively Following the expiry, approximately 5.6 crore equity shares of these companies became eligible for trading on the secondary market. It is important to note that the end of the lock-in period does not necessarily result in immediate selling by investors — it simply means the shares are now available for trade. Kalpataru: The one-month lock-in period ended today, releasing approximately 90 lakh shares, equivalent to 4% of the company's total outstanding equity. Ellenbarrie Industrial Gases: Around 30 lakh shares (about 2% of total equity) became available for trading as the 30-day lock-in expired. Globe Civil Projects: Roughly 30 lakh shares, accounting for 4% of total outstanding shares, are now tradable post lock-in expiry. Stallion India Fluorochemicals: The company's six-month IPO lock-in period ended today, unlocking nearly 4.1 crore shares, or 52% of the total outstanding equity. The unlocking of such a large volume of shares has led to increased supply pressure in the market, weighing on share prices. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
16-07-2025
- Business
- Business Standard
Kalpataru Q4 net profit declines 42% to ₹14 crore, revenue up 21%
Kalpataru, a Mumbai-based real estate developer, reported a 42.18 per cent year-on-year (Y-o-Y) decline in its net profit (attributable to owners of the parent) for the fourth quarter of financial year 2025 (Q4 FY25). The company's profit in Q4 FY25 stood at Rs 14.05 crore, compared with Rs 24.3 crore in Q4 FY24. Kalpataru got listed on BSE late last month but reported its Q4 earnings. Meanwhile, the company's revenue from operations during the quarter under review stood at Rs 596.89 crore, up 21.32 per cent Y-o-Y. Kalpataru's total expenses during the same period increased by 26.63 per cent Y-o-Y. The company's adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) during the quarter stood at Rs 182 crore, while Ebitda margin stood at 30.5 per cent. Average sale realisation in Q4 FY25 stood at Rs 15,127 per square foot, compared with Rs 10,935 per square foot in the same period last year. Overall, in FY25, the company's revenue stood at Rs 2,221.62 crore, up about 15.11 per cent Y-o-Y. In FY25, the company posted a profit of Rs 21.62 crore, against a loss of Rs 94.98 crore in FY24. Kalpataru's adjusted Ebitda in FY25 stood at Rs 664 crore, while Ebitda margin stood at 29.9 per cent. The company's pre-sales during the year stood at Rs 4,531 crore, up 41 per cent Y-o-Y. It launched seven projects with a saleable area of 6.5 msf in FY25. Average sale realisation in FY25 stood at Rs 13,905 per square foot, compared with Rs 11,332 per square foot in FY24. Parag Munot, managing director, Kalpataru, stated that the company's FY25 performance was driven by strong sales, focus on an asset-light growth model, disciplined execution, and strategic decision-making. In June, the company raised Rs 1,590 crore in equity through an initial public offering. Of this, Rs 1,192.5 crore has been utilised for debt repayment, according to Munot. The company's total current liabilities stood at Rs 10,082.45 crore as of FY25. 'As we look ahead, our commitment remains firm: to strengthen our presence across the key micro-markets within the MMR & Pune region and to build on the trust and goodwill we have earned,' Munot added. Sequentially, the company's revenue increased marginally by 1.51 per cent, while it posted a profit in Q4 FY25 against a loss of Rs 21.86 crore in Q3 FY25.
Time of India
16-07-2025
- Business
- Time of India
Kalpataru records 79% growth in Q4 pre-sales, FY25 at Rs 4,531 cr
Realty developer Kalpataru Ltd has recorded a 79% year-on-year increase in pre-sales to Rs 1,724 crore for the fourth quarter of 2024-25. For the full financial year, the performance stood at Rs 4,531 crore, up 41% from the previous year. The listed company sold 1.14 million sq ft during the quarter ended March, compared with 0.88 million sq ft in the same quarter last year, marking a 30% growth. Average sale realisation for the quarter stood at Rs 15,127 per sq ft, against Rs 10,935 per sq ft a year ago. Explore courses from Top Institutes in Select a Course Category MCA Healthcare Digital Marketing Design Thinking Project Management Management others Data Science Finance Data Analytics healthcare Cybersecurity MBA CXO Data Science Technology Artificial Intelligence Leadership PGDM Public Policy Others Operations Management Product Management Degree Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details For 2024-25, total area sold was 3.26 million sq ft, up 15% year-on-year. Average sale realisation for the year was Rs 13,905 per sq ft, compared with Rs 11,332 per sq ft in 2023-24. 'As we look ahead, our commitment remains firm, to strengthen our presence across the key micro-markets within the Mumbai Metropolitan Region (MMR) and Pune region and to build on our goodwill. With a healthy portfolio of 35 ongoing and forthcoming projects spread over 47 million sq ft, Kalpataru is well-positioned to sustain this upward momentum,' said Parag Munot, MD, Kalpataru Ltd. Revenue from operations in 2024-25 stood at Rs 2,222 crore. Adjusted operating profit was Rs 664 crore with a margin of 29.9%. Profit after tax for the year stood at Rs 25 crore, against a loss of Rs 108 crore in FY24. In the March quarter, revenue from operations was Rs 597 crore, adjusted operating profit was Rs 182 crore with a margin of 30.5%, and profit after tax was Rs 20 crore. The Mumbai-based developer launched seven projects in FY25, adding around 6.5 million sq ft of saleable area. Kalpataru raised Rs 1,590 crore through the recently concluded Initial Public Offer ( IPO ) in June, of which Rs 1,192.5 crore has been used for debt repayment.
Time of India
01-07-2025
- Business
- Time of India
Kalpataru shares make flat market debut; later surges over 9%
NEW DELHI: Shares of real estate developer Kalpataru Ltd on Tuesday made a flat market debut against the issue price of Rs 414, but later bounced back and jumped over 9 per cent. The stock started trading at Rs 414.10 on the BSE . But, it later gathered momentum and climbed 9.42 per cent to Rs 453 against the issue price. At the NSE , the stock got listed at par with the issue price of Rs 414. Later, it surged 9.37 per cent to Rs 452.80 apiece. The company commanded a market valuation of Rs 9,121.99 crore during early trade. The initial public offering of Kalpataru Ltd garnered 2.26 times subscription on the closing day of bidding on Thursday last week. The company had fixed a price band of Rs 387-414 per share for its IPO. Its IPO was entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer-for-sale (OFS) component. The company proposes to utilise funds for the payment of debt and general corporate purposes. Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also in the redevelopment of societies. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra.
Indian Express
01-07-2025
- Business
- Indian Express
Kalpataru shares close over 4% higher after flat debut
Real estate developer Kalpataru Ltd's shares made a flat debut on both the NSE and BSE, listing at Rs 414 apiece, the same as the issue price. However, after making a weak debut, Kalpataru Ltd's share price ended over 4 per cent higher on the exchanges. The price band of Kalpataru Ltd's initial public offering (IPO) was fixed between Rs 387 and Rs 414 per share. The share price of the real estate player opened at Rs 414 a share each on the BSE and NSE on Tuesday. On BSE, Kalpataru's share price rose 4.78 per cent to close the session at Rs 433.80 apiece. On NSE, its shares gained 4.42 per cent to end at Rs 432.3 per share. The Rs 1,590-crore IPO of Kalpataru Ltd, which closed on June 26, was subscribed 2.26 times. It received total bids for 5.15 crore equity shares, as against 2.28 crore shares offered. The qualified institutional buyers' (QIBs) portion was subscribed 3.12 times and the retail portion witnessed a subscription of 1.29 times. The non-institutional investors' (NII) portion was subscribed 1.31 times. The company raised Rs 708 crore from anchor investors. GIC, a global long-term investor managing Singapore's foreign reserves and Bain Capital, a global private investment firm, subscribed to a bulk of the anchor investor portion. Domestic and anchor investor lists included SBI Mutual Fund and ICICI Prudential MF; long-only leading insurance companies such as SBI General Insurance, Aditya Birla Sun Life Insurance; and 360 ONE WAM among others. Other anchor investors include Taurus Mutual Fund and Ayushmat Ltd. The company proposes to utilise the net proceeds from the IPO towards reducing debt, and for general corporate purposes.
