kalpataru ipo 2025 detail: gmp, subscription, allotment & listing price

kalpataru ipo 2025 detail: Learn about the Kalpataru IPO's price band, subscription details, allotment process, expected listing price, and GMP for 2025.

The Kalpataru IPO is one of the most awaited initial public offerings of 2025. With an issue size of ₹1,590 crores, this IPO has generated significant investor interest. Kalpataru Limited, a prominent player in the real estate development sector, is offering a fresh issue of 3.84 crore shares at a price band of ₹387 to ₹414 per share. This detailed guide will provide you with everything you need to know about the Kalpataru IPO 2025, including the IPO details, pricing, subscription process, allotment, listing dates, and more.

1. Introduction: What is Kalpataru IPO 2025?

The Kalpataru IPO 2025 is a bookbuilding issue with a total size of ₹1,590 crores. The entire issue is a fresh issue, with 3.84 crore shares being offered for subscription. The price band for the IPO is set between ₹387 and ₹414 per share. The company plans to use the proceeds from this IPO primarily for the repayment of borrowings and general corporate purposes.

The IPO will open for subscription on June 24, 2025, and close on June 26, 2025, with the allotment being finalized by June 27, 2025. The tentative listing date is July 1, 2025, with the shares expected to be listed on both BSE and NSE.

What Will You Learn in This Blog?

In this blog, we will provide you with a comprehensive breakdown of the Kalpataru IPO 2025, including:

• The company’s background and key offerings

• IPO details like issue size, price band, and lot size

• Grey Market Premium (GMP) insights

• Subscription status and allotment process

• Should you apply? – Pros and cons

• FAQs related to the IPO

Let’s dive into the details of this exciting IPO!

2. Company Background: Who is Kalpataru Limited?

What Does Kalpataru Limited Do?

Founded in 1988, Kalpataru Limited is a prominent real estate development company based in Mumbai, Maharashtra. The company specializes in the development of residential, commercial properties, retail spaces, and integrated townships across multiple cities in India, including Mumbai, Pune, Bengaluru, Hyderabad, Indore, Jodhpur, and Thane.

Kalpataru is part of the Kalpataru Group, which also includes subsidiaries such as Kalpataru Projects International Limited, Shree Shubham Logistics Limited, and others. The company is well-known for its landmark residential and commercial projects in the Mumbai Metropolitan Region (MMR), making it one of the leading real estate developers in the region.

Key Projects and Operations

Kalpataru has a diverse portfolio of projects, with 40 ongoing projects and 70 completed projects as of March 31, 2024. The company has earned a reputation for delivering high-quality developments and maintaining strong customer relationships.

Financial Overview

Here’s a look at Kalpataru Limited’s financial performance over the past few years:

Despite some losses in profit, the company has shown a strong revenue base and has significant growth potential as its ongoing projects move forward.

Strengths and Weaknesses

Strengths:

• Strong Market Position in MMR: Kalpataru is well-established in the Mumbai Metropolitan Region, which is one of the most lucrative real estate markets in India.

• Diversified Project Portfolio: The company develops residential, commercial, and retail spaces, giving it a well-rounded exposure to the real estate market.

• Track Record: With over 70 completed projects, Kalpataru has a proven track record of successful real estate development.

Weaknesses:

• Debt Levels: The company’s high borrowing levels, while improving, remain a concern. This could affect its financial flexibility and ability to scale operations quickly.

• Profitability Issues: Despite revenue growth, the company has faced profitability challenges, as seen in the negative PAT for FY 2023 and FY 2024.

3. IPO Details: Price Band, Lot Size & More

The Kalpataru IPO 2025 will offer a fresh issue of 3.84 crore shares, totaling ₹1,590 crores. Below are the key details:

IPO Timeline (Tentative Schedule)

Price Band & Lot Size

The price band for the IPO is set between ₹387 and ₹414 per share. The minimum lot size is 36 shares, which requires a minimum investment of ₹14,904 for retail investors. To avoid oversubscription, it is advisable to bid at the cutoff price of ₹414, which brings the total investment to ₹14,904.

Here’s a breakdown of the investment for different categories of investors:

IPO Issue Structure

• Fresh Issue: ₹1,590 crores (3.84 crore shares)

• Public Offering: 100% of the issue is being offered to the public

• Reservation for Retail Investors: Not more than 10% of the total issue size

• Reservation for NII Investors: Not more than 15% of the total issue size

• Reservation for QIB Investors: Not less than 75% of the total issue size

Grey Market Premium (GMP)

As of now, the Grey Market Premium (GMP) for the Kalpataru IPO is expected to be between ₹25 and ₹35 per share, signaling strong investor demand. The GMP indicates potential listing gains, making it an attractive proposition for short-term investors.

Past GMP Trends

The GMP trends for similar real estate IPOs have been positive, reflecting high market interest and good chances of listing gains.

4. Subscription Status

The subscription status will be updated as the IPO period progresses. Typically, QIBs and retail investors are expected to show strong participation. Stay tuned for the day-wise subscription numbers once the IPO opens.

5. Allotment & Listing Details

Once the subscription closes, investors can check their allotment status via the registrar's website. The allotment will be finalized on June 27, 2025, and shares will be credited to demat accounts by June 30, 2025.

Key Dates

• Allotment Date: June 27, 2025

• Listing Date: July 1, 2025

• Refund Initiation: June 30, 2025

How to Check Allotment Status

You can check your allotment status on the registrar’s website (MUFG Intime India Pvt Ltd) once the allotment is finalized.

6. Should You Apply?

Positives:

• Strong Market Position: Kalpataru has an established presence in the MMR region, with several ongoing and completed projects.

• Good Growth Potential: With several high-profile projects in the pipeline, the company’s future growth looks promising.

• Listing Gains: The expected GMP suggests potential for attractive listing gains.

Risks:

• Debt Levels: The company’s high borrowings may affect its ability to scale rapidly.

• Profitability Concerns: Despite revenue growth, Kalpataru has faced challenges in maintaining profitability.

Conclusion:

Kalpataru IPO presents a good opportunity for long-term investors with a focus on the real estate sector. However, the company’s debt and profitability issues should be kept in mind. If you are looking for an investment in the real estate development sector with a chance of listing gains, this IPO could be a suitable option.

7. FAQs

1. What is the price band for Kalpataru IPO?

The price band for the Kalpataru IPO is ₹387 to ₹414 per share.

2. When does the Kalpataru IPO open for subscription?

The IPO opens on June 24, 2025.

3. What is the minimum lot size for retail investors?

The minimum lot size is 36 shares, which requires an investment of ₹14,904.

4. How do I apply for the Kalpataru IPO?

You can apply for the IPO through your brokerage account or via UPI-based payment methods.

5. When is the Kalpataru IPO listing date?

The tentative listing date is July 1, 2025.

8. Conclusion

In conclusion, the Kalpataru IPO 2025 offers an exciting opportunity for long-term investors in the real estate sector. With a solid market position and a range of ongoing projects, Kalpataru is well-poised for future growth. However, given the debt levels and past profitability challenges, investors should assess their risk tolerance before applying.

Feel free to share your thoughts or questions in the comments below! Happy investing!

Disclaimer:
The information provided in this blog is for educational and informational purposes only and does not constitute financial advice. We recommend consulting with a certified financial advisor before making any investment decisions. Investing in IPOs involves risks, and past performance is not indicative of future results. Please perform your due diligence and consider all associated risks before investing.