Latest news with #KalpataruIPO
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Business Standard
7 hours ago
- Business
- Business Standard
Kalpataru IPO opens on June 24: Check price band, lot size, GMP, key dates
Kalpataru IPO: The initial public offering (IPO) of real estate development company Kalpataru is scheduled to open for public subscription on Tuesday, June 24, 2025. Ahead of the opening, the bidding for anchor investors is scheduled to take place on June 23. Through this public offering, Kalpataru aims to raise ₹1,590 crore. As investors await the subscription window for Kapataru IPO to open, here are some key details from the Red Herring Prospectus (RHP): Kalpataru IPO issue structure The public issue is a book-built issue comprising an entirely fresh issue of 38.4 million equity shares, aggregating up to ₹1,590 crore. Kalpataru IPO does not have any offer-for-sale (OFS) component. Kalpataru has reserved not less than 75 per cent of the net offer for qualified institutional buyers (QIBs), not more than 10 per cent for retail investors, and not more than 15 per cent for non-institutional investors (NIIs). Kalpataru IPO lot size, price band Kalpataru IPO will be offered at a price band of ₹387–414 per share with a lot size of 36 shares. Accordingly, investors can bid for a minimum of 36 shares and in multiples thereof. The minimum investment required by a retail investor is ₹14,904. A retail investor can bid for a maximum of 13 lots or 468 shares, amounting to ₹1,93,752. Kalpataru IPO grey market premium (GMP) today The unlisted shares of Kalpataru were trading flat at ₹414 per share in the grey market, revealed sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Kalpataru IPO remains nil on Thursday, June 19. Kalpataru IPO allotment date, listing date The public offering will remain open for subscription until Thursday, June 26, 2025. The basis of allotment is likely to be finalised on Friday, June 27, 2025, with shares expected to be credited into demat accounts on Monday, June 30, 2025. Shares of Kalpataru are scheduled to list on the BSE and NSE on Tuesday, July 1, 2025. Kalpataru IPO objective The company plans to utilise the net proceeds from the public offering for repayment/pre-payment, in full or in part, of certain borrowings availed by our Company and our Subsidiaries, as well as for general corporate purposes. Kalpataru IPO registrar, lead manager MUFG Intime India Private (formerly Link Intime India) is the registrar for the IPO, while ICICI Securities, JM Financial, and Nomura Financial Advisory and Securities (India) are the book-running lead managers. About Kalpataru Kalpataru, a part of the Kalpataru Group, is an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of its projects. Kalpataru is a leading real estate developer in the Mumbai Metropolitan Region (MMR) in Maharashtra and is present across all micro-markets in the MMR (Source: 223 Anarock Report), according to its RHP. Financial details In FY24, the company's loss attributable to the owners of the parent narrowed to ₹103.44 crore from a loss of ₹203.37 crore reported in FY23. However, for the nine months ended December 31, 2024, the company reported a profit of ₹8.66 crore. The company's revenue dropped 46.9 per cent Year-on-Year (Y-o-Y) to ₹1,930 crore in FY24 from ₹3,633.2 crore in FY23. For the nine months ended December 31, 2024, revenue was ₹1,624.73 crore. Total expenditure also fell to ₹2,125.27 crore in FY24, down 45.1 per cent from ₹3,874.5 crore in FY23. For the nine-month period ending December 31, 2024, it stood at ₹1,651.01 crore.
Mint
9 hours ago
- Business
- Mint
Kalpataru IPO: Price band set at ₹387-414 per share; check issue details, key dates, more
Kalpataru IPO price band: The Kalpataru Limited IPO price band has been fixed in the range of ₹ 387 to ₹ 414 per equity share of the face value of ₹ 10. The Kalpataru IPO date of subscription is scheduled for Tuesday, June 24 and will close on Thursday, June 26. The allocation to anchor investors for the Kalpataru IPO is scheduled to take place on Monday, June 23. The floor price and the cap price are 38.7 times and 41.4 times the face value of the equity shares. The Kalpataru IPO lot size is 36 equity shares and in multiples of 36 equity shares thereafter. Kalpataru IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. A discount of ₹ 38 per equity shares is being offered to eligible employees bidding in the employee reservation portion. Tentatively, Kalpataru IPO basis of allotment of shares will be finalised on Friday, June 27, and the company will initiate refunds on Monday, June 30 while the shares will be credited to the demat account of allottees on the same day following refund. Kalpataru share price is likely to be listed on BSE and NSE on Tuesday, July 1. Kalpataru Limited, established in 1988, is a real estate development firm located in Mumbai, Maharashtra. The company focuses on the development of residential and commercial properties, retail environments, and integrated townships in various cities across India, such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Kalpataru Limited is a subsidiary of the Kalpataru Group, which comprises Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, along with their subsidiaries and others. As of March 31, 2024, the company is managing 40 ongoing projects and has successfully completed 70 projects. According to the red herring prospectus (RHP), the company's listed peers are Oberoi Realty Ltd (with a P/E of 35.91), Macrotech Developers Ltd (with a P/E of 90.84), Godrej Properties Ltd (with a P/E of 92.10), Sunteck Realty Ltd (with a P/E of 89.64), Mahindra Lifespace Developers Ltd (with a P/E of 56.71), Keystone Realtors Ltd (with a P/E of 56.97), and Prestige Estates Projects Ltd (with a P/E of 48.31). Kalpataru IPO comprises an equity shares worth ₹ 1,590 crore. There is no offer for sale (OFS) component. The company intends to use the net proceeds from the issuance for several purposes, including the repayment or prepayment, either entirely or partially, of specific borrowings obtained by the company and its Subsidiaries, as well as for general corporate needs. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt Ltd serve as the book running lead managers for the Kalpataru IPO, whereas MUFG Intime India Private Limited (Link Intime) is the registrar for this issue.
Mint
12 hours ago
- Business
- Mint
Kalpataru IPO: Price band set at ₹387-414 per share; check issue details, key dates, more
Kalpataru IPO price band: The Kalpataru Limited IPO price band has been fixed in the range of ₹ 387 to ₹ 414 per equity share of the face value of ₹ 10. The Kalpataru IPO date of subscription is scheduled for Tuesday, June 24 and will close on Thursday, June 26. The allocation to anchor investors for the Kalpataru IPO is scheduled to take place on Monday, June 23. The floor price and the cap price are 38.7 times and 41.4 times the face value of the equity shares. The Kalpataru IPO lot size is 36 equity shares and in multiples of 36 equity shares thereafter. Kalpataru IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. A discount of ₹ 38 per equity shares is being offered to eligible employees bidding in the employee reservation portion. Tentatively, Kalpataru IPO basis of allotment of shares will be finalised on Friday, June 27, and the company will initiate refunds on Monday, June 30 while the shares will be credited to the demat account of allottees on the same day following refund. Kalpataru share price is likely to be listed on BSE and NSE on Tuesday, July 1. Kalpataru Limited, established in 1988, is a real estate development firm located in Mumbai, Maharashtra. The company focuses on the development of residential and commercial properties, retail environments, and integrated townships in various cities across India, such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Kalpataru Limited is a subsidiary of the Kalpataru Group, which comprises Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, along with their subsidiaries and others. As of March 31, 2024, the company is managing 40 ongoing projects and has successfully completed 70 projects. According to the red herring prospectus (RHP), the company's listed peers are Oberoi Realty Ltd (with a P/E of 35.91), Macrotech Developers Ltd (with a P/E of 90.84), Godrej Properties Ltd (with a P/E of 92.10), Sunteck Realty Ltd (with a P/E of 89.64), Mahindra Lifespace Developers Ltd (with a P/E of 56.71), Keystone Realtors Ltd (with a P/E of 56.97), and Prestige Estates Projects Ltd (with a P/E of 48.31). Kalpataru IPO comprises an equity shares worth ₹ 1,590 crore. There is no offer for sale (OFS) component. The company intends to use the net proceeds from the issuance for several purposes, including the repayment or prepayment, either entirely or partially, of specific borrowings obtained by the company and its Subsidiaries, as well as for general corporate needs. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt Ltd serve as the book running lead managers for the Kalpataru IPO, whereas MUFG Intime India Private Limited (Link Intime) is the registrar for this issue. 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.
