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Kalpataru IPO

  • Status: Closed
  • RHP:
  • ₹ 13,932 / 36 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    01 Jul 2025

  • Listing Price

    ₹414.10

  • Listing Change

    0.02%

  • Last Traded Price

    ₹333.00

Kalpataru IPO Details

  • Open Date

    24 Jun 2025

  • Close Date

    26 Jun 2025

  • Listing Date

    01 Jul 2025

  • IPO Price Range

    ₹ 387 to ₹414

  • IPO Size

    ₹ 1590 Cr

  • Listing Exchange

    BSE, NSE

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Timeline Financials SWOT FAQ Contacts

Kalpataru IPO Timeline

Kalpataru IPO Subscription Status

Last Updated: 26 June 2025 6:12 PM by 5paisa

Kalpataru Limited, led by Parag M. Munot, is launching its IPO on June 24, 2025. Incorporated in 1988, the company is a Mumbai-based real estate developer involved in residential, commercial, and retail developments, as well as integrated townships. The promoters are Mofatraj P. Munot and Parag M. Munot. Kalpataru Limited is part of the Kalpataru Group and has a significant presence across Indian cities, including Pune, Thane, Bengaluru, and Hyderabad.

Established in: 1988
Managing Director: Parag M Munot.

Peers

Oberoi Realty Ltd.
Macrotech Developers Limited
Godrej Properties Ltd
Sunteck Realty Ltd.
Mahindra Lifespace Developers Ltd.
Keystone Realtors Limited
Prestige Estates Projects Ltd.
 

Kalpataru Objectives

The company plans to utilise the net IPO proceeds towards:

Repayment or prepayment of certain borrowings of the company and its subsidiaries
General corporate purposes
 

Kalpataru IPO Size

Types Size
Total IPO Size ₹1,590.00 Cr
Offer For Sale -
Fresh Issue ₹1,590.00 Cr

 

Kalpataru IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 36 13,932
Retail (Max) 13 468 1,81,116
S-HNI (Min) 14 504 1,95,048
S-HNI (MAX) 67 2412 9,33,444
HNI (Min) 68 2448 9,47,376

Kalpataru IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 3.12 1,14,06,521 3,55,99,716 1,473.828
NII (HNI) 1.40 57,03,261 79,71,192 330.007
bNII (bids above ₹10L) 1.48 38,02,174 56,21,652 232.736
sNII (bids below ₹10L)     0.80 19,01,087 15,30,324 63.355
Retail 1.43 38,02,174 54,53,784 225.787
Total** 2.31 2,13,34,828 4,93,44,660 2,042.869

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Kalpataru IPO Anchor Allocation

Anchor Bid Date June 23, 2025
Shares Offered 1,71,09,783
Anchor portion Size (In ₹ Cr.) 708.35
Anchor lock-in period end date for 50% shares (30 Days) July 27, 2025
Anchor lock-in period end date for remaining shares (90 Days) September 25, 2025

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 1248.55 3716.61 2029.94
EBITDA -35.98 -49.67 -78.01
PAT -125.36 -229.43 -116.51
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 10365.97 9679.64 10688.31
Share Capital 139.65 139.65 139.65
Total Borrowings 13410.57 12540.77 13879.43
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 402.23 2139.12 376.45
Net Cash Generated From / (used in) investing activities 104.34 -31.95 -132.53
Net Cash Generated From / (used in) financing activities -513.51 -2101.01 -299.72
Net Increase (Decrease) In Cash And Cash Equivalents -6.95 6.17 -55.80


Strengths

1. Established track record across residential and commercial development
2. Diversified presence across major Indian cities
3. Strong brand equity through the Kalpataru Group
4. Large ongoing and completed project portfolio

Weaknesses

1. Constrained global footprint, exposure to high cost of land finance and regulatory/state-level clearances
2. High debt levels above ₹11,000 Cr, with debt repayments funded by IPO proceeds
3. Margin volatility and pressure on EBITDA
4. Multiple residential schemes (e.g., Immensa, Srishti Namaha, Eternia) experienced 2–4 year delays, affecting delivery timelines
 

Opportunities

1. Real estate revival in India’s urban markets
2. Policy incentives like PMAY and REITs
3. Expansion potential in Tier 2 cities
4. Few Projects are attracting NRI investors, supporting rental yields and capital appreciation 
 

Threats

1. Interest rate hikes affecting affordability
2. High competition and regulatory oversight
3. Slowdown in key urban micro-markets
4. Higher compliance costs and delays due to regulations and clearances
 

1. Legacy brand with proven real estate delivery
2. Pan-India project base across residential and commercial segments
3. Use of IPO proceeds towards reducing the high debt burden
4. Robust project pipeline and market recovery in urban real estate
 

1. Strong demand for residential housing post-COVID
2. Expansion of metro rail, business parks fuelling commercial demand
3. Growing interest in REITs and FDI in real estate
4. Government policies like the Smart Cities Mission are boosting infrastructure

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FAQs

Kalpataru IPO opens on June 24, 2025 and closes on June 26, 2025.
 

The IPO size of Kalpataru IPO is ₹1,590.00 Cr through a fresh issue of 3.84 crore shares.
 

 The IPO price band of Kalpataru IPO is fixed between ₹387 and ₹414 per share.
 

To apply for Kalpataru IPO, follow the steps below:

1. Log in to your 5paisa account and go to the current IPO section

2. Enter the number of lots and your bid price

3. Enter your UPI ID and submit the application

4. Approve the mandate request on your UPI app
 

Minimum lot size of Kalpataru IPO is 36 shares, with a retail investment starting from ₹13,932.
 

Kalpataru IPO allotment is expected to be finalised on June 27, 2025.
 

The tentative listing date of Kalpataru IPO is July 1, 2025, on the BSE and NSE platforms.
 

ICICI Securities, JM Financial, and Nomura Financial Advisory & Securities are the lead managers of Kalpataru IPO.
 

Kalpataru plans to utilise the IPO proceeds towards: 

1. Repaying borrowings 
2. Supporting general corporate purposes.