Kalpataru IPO Launches June 24: Key Dates, Price Band, and Company Overview

Kalpataru Limited, a prominent real estate developer, is set to launch its much-anticipated Initial Public Offering (IPO) on June 24, 2025. The ₹1,590 crore IPO is a purely fresh issue consisting of 3.84 crore equity shares, aiming to raise capital for business expansion and general corporate purposes.

The IPO will remain open for bidding until June 26, 2025, with the allotment date scheduled for June 27. Kalpataru’s shares are expected to debut on both the BSE and NSE on July 1, 2025 (Tuesday).

Price Band and Lot Size

The company has set a price band of ₹387 to ₹414 per share. The minimum application size for retail investors is 36 shares, translating to an investment of ₹13,932 at the lower end. However, bidding at the cutoff price (₹414) is advised to improve allotment chances, requiring a commitment of approximately ₹14,904.

For High Net-Worth Individuals (HNIs), the minimum investments are:

Small NIIs (sNIIs): 14 lots (504 shares) – approx. ₹2,08,656
Big NIIs (bNIIs): 68 lots (2,448 shares) – approx. ₹10,13,472

Applications must be placed in multiples of 36 shares beyond the minimum lot.

Lead Managers and Registrar

The IPO is being managed by a consortium of top-tier book-running lead managers, including:

ICICI Securities Ltd
JM Financial Ltd
Nomura Financial Advisory and Securities (India) Pvt Ltd

MUFG Intime India Pvt Ltd (Link Intime) is the registrar for this public issue.

About Kalpataru Limited

Established in 1988, Kalpataru Limited is a well-known real estate development company based in Mumbai, Maharashtra. The firm operates in both the residential and commercial sectors, developing retail spaces, office complexes, and integrated townships.

Kalpataru has expanded its footprint across major Indian cities including:

Mumbai, Thane, Panvel, Pune
Hyderabad, Indore, Bengaluru, Jodhpur

The company is part of the larger Kalpataru Group, which includes several entities such as Kalpataru Projects International Ltd, Shree Shubham Logistics Ltd, and Property Solutions (India) Pvt Ltd.

As of March 31, 2024, Kalpataru had 40 ongoing projects and has successfully completed 70 projects across India. The estimated market capitalization post-IPO stands at ₹8,524.07 crore

Promoter Background

The company is promoted by Mofatraj P. Munot and Parag M. Munot, well-known figures in India’s real estate and infrastructure sector, who have played a significant role in Kalpataru’s expansion and brand recognition.

The Kalpataru IPO provides investors with a gateway into India’s dynamic real estate market through a well-established and diversified developer. With a strong presence across key cities, robust project pipeline, and solid promoter backing, this IPO may appeal to both retail and institutional investors looking for long-term value in the real estate sector.