Kalpataru IPO
Bookbuilding IPO | ₹1,590.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Jun 24, 2025
IPO Close
Thu, Jun 26, 2025
Price Band
₹387.00 to ₹414.00
Market Cap (Pre-IPO)
₹8,524.07 Cr
IPO Details
| IPO Date | Jun 24, 2025 to Jun 26, 2025 |
| Listing Date | Tentative: Jul 01, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹387.00 to ₹414.00 |
| Lot Size | 36 Shares (Minimum: ₹14,904.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,590.00 Crores |
| Total Shares Offered | 38,424,456 shares |
| Offer For Sale | 38,424,456 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 3.12x |
| NII | 1.40x |
| RII | 1.43x |
| Total | 2.31x |
Kalpataru IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,85,16,306 (74.18%) |
| Retail Shares Offered | 38,02,173 (9.89%) |
| NII Shares Offered | 57,03,260 (14.84%) |
Kalpataru IPO Lot Size
Investors can bid for a minimum of 36 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹193,752 |
| S-HNI (Min) | 14 | 504 | ₹208,656 |
| S-HNI (Max) | 67 | 2,412 | ₹998,568 |
| B-HNI (Min) | 68 | 2,448 | ₹1,013,472 |
Kalpataru Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 15,562.35 | 13,879.43 | 12,540.77 | 13,410.57 |
| Total Income | 1,699.49 | 2,029.94 | 3,716.61 | 1,248.55 |
| Profit After Tax | 5.51 | -116.51 | -229.43 | -125.36 |
| EBITDA | 101.67 | -78.01 | -49.67 | -35.98 |
| NET Worth | 1,579.54 | 1,028.23 | 1,221.89 | 1,429.01 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 11,056.40 | 10,688.31 | 9,679.64 | 10,365.97 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 0.00% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | -10.15% |
| PAT Margin (Profit After Tax Margin) | 0.00% |
| EBITDA Margin | -4.04% |
| Price to Book Value | 5.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -6.96 | 0.36 |
| P/E (x) | -59.52 | 1,160.05 |
| Promoter Holding | 100.00% | 81.30% |
Company Promoters
- Mofatraj P. Munot and Parag M. Munot are the company promoters.
Company Overview
Kalpataru Limited, founded in 1988, is a real estate development company based in Mumbai, Maharashtra.
The company specialises in developing residential and commercial properties, retail spaces, and integrated townships across several Indian cities, including Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur.
Kalpataru Limited is part of the Kalpataru Group, which includes Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and their respective subsidiaries, among others.
As of March 31, 2024, the company has 40 ongoing projects and has completed 70 projects.
Use of Proceeds
| 1) | Repayment/pre-payment, in full or in part, of certain borrowings availed by: Company; and Subsidiaries | 1,192.50 |
| 2) | General corporate purposes. | 311.36 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Kalpataru IPO Peer Comparison
Kalpataru peer comparison with similar listed entities. (As on March 31, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kalpataru Limited | -7.21 | -7.21 | 73.63 | - | -9.80 | - | Consolidated |
| Oberoi Realty Ltd. | 52.99 | 52.99 | 380.76 | 33.75 | 13.92 | 4.71 | - |
| Macrotech Developers Limited | 16.03 | 15.99 | 175.66 | 77.82 | 8.87 | 7.11 | - |
| Godrej Properties Ltd | 26.09 | 26.08 | 359.39 | 112.18 | 7.26 | 8.15 | - |
| Sunteck Realty Ltd. | 4.99 | 4.99 | 213.28 | 115.97 | 2.27 | 2.71 | - |
| Mahindra Lifespace Developers Ltd. | 6.34 | 6.34 | 120.82 | 88.40 | 5.25 | 4.66 | - |
| Keystone Realtors Limited | 9.85 | 9.82 | 157.85 | 69.48 | 6.24 | 4.34 | - |
| Prestige Estates Projects Ltd. | 34.28 | 34.28 | 281.59 | 50.12 | 12.17 | 6.11 | - |
Quick Info
| Sector | Real Estate sector (Kalpataru Limited) and the Engineering, Procurement, and Construction (EPC) |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹8,524.07 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jun 24, 2025 |
| IPO Close | Jun 26, 2025 |
| Allotment Date | Jun 27, 2025 |
| Credit to Demat | Jun 30, 2025 |
| Listing Date | Tentative: Jul 01, 2025 |
Lead Manager(s)
ICICI Securities Ltd.
Registrar
Description
- Kalpataru IPO is a book build issue of ₹1,590.00 crores. The issue is entirely a fresh issue of 3.84 crore shares of ₹1,590.00 crore.
- Kalpataru IPO bidding started from Jun 24, 2025 and ended on Jun 26, 2025. The allotment for Kalpataru IPO was finalized on Jun 27, 2025. The shares got listed on BSE, NSE on Jul 1, 2025.
- Kalpataru IPO price band is set at ₹414.00 per share . The lot size for an application is 36. The minimum amount of investment required by an retail is ₹14,904 (36 shares) (based on upper price). The lot size investment for sNII is 14 lots (504 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (2,448 shares), amounting to ₹10,13,472.
- The issue includes a reservation of up to 4,22,872 shares for employees offered at a discount of ₹38.00 to the issue price.