Kalpataru IPO Details: GMP, Key Dates & Shocking Top 10 Facts as Issue Opens Tomorrow

🚀 Kalpataru IPO Launch: What Investors Must Know

The highly anticipated Kalpataru IPO opens for public subscription on June 24, offering shares between ₹ 387–₹ 414. With a ₹ 1,590 crore fresh issue and no offer-for-sale component, every rupee raised will fund expansion and debt repayment.

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📅 Kalpataru IPO Date & Timeline

• Subscription window: June 24–26.
• Basis of allotment expected: June 27.
• Refunds & crediting shares: June 30.
• Listing: July 1 on BSE and NSE.

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💰 Kalpataru IPO Price Band & Lot Size

• Price band: ₹ 387 (floor) to ₹ 414 (cap), per equity share of face value ₹10.
• Lot size: Minimum 36 shares (~₹ 14,900 at upper band).

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💼 Kalpataru IPO Issue Structure

• Pure fresh issue worth ₹ 1,590 cr; no stake sale by promoters.
• Funds used primarily for debt reduction (~₹ 1,192.5 cr) and for corporate purposes.

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📈 Kalpataru IPO GMP & Market Sentiment

• In the grey market, the Kalpataru IPO is trading at a ₹ 9 premium (+2.17%) over the upper band, suggesting positive listing expectations.
• Grey Market Premium (GMP) reflects investor sentiment, but isn’t an official guaranted.

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🏢 About Kalpataru

Kalpataru is a Mumbai-based integrated real estate developer active in residential, commercial, and township projects. With roots in the Kalpataru Group, the company has executed 120+ completed projects across India, totaling nearly 25.87 million sq ft of developable area as of December 31, 2024.

Listing highlights:

• One of top-5 developers in MCGM and top-7 in Thane (by units delivered, 2019–2024).
• Diverse presence across MMR, Pune, Bengaluru, Hyderabad, Indore, and Jodhpur.

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📊 Financial Snapshot & Performance

• Revenue for Apr–Dec 2024: ₹ 1,699 cr (vs. ₹ 1,930 cr last fiscal)
• PAT for the nine months ended Dec 2024: ₹ 5.51 cr, a turnaround from losses.
• Debt: ~₹ 11,056 cr; proceeds will substantially bring this down.

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🧭 Kalpataru IPO Highlights – Quick Glance

Feature	Details
Issue Size	₹ 1,590 crore (entirely fresh issue)
Price Band	₹ 387–₹ 414 per share
Lot Size	36 shares
Anchor Allocation	Reserved for institutional investors
Use of Proceeds	₹ 1,192.5 cr for debt, balance for corporate use
Parcel Cloud Market	GAM trades ₹ 9 above cap, signaling interest

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🧩 Why Kalpataru IPO Stands Out

1. Fresh capital infusion: No stake sale—it’s a bold fundraise for growth and debt reduction.
2. Strong project portfolio: Operating in top realty hubs with proven execution
3. Green shoots in financials: After losses, PAT-positive and recovering
4. Favourable GMP sentiment: ₹ 9 premium signals anticipation of a positive debut.

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📝 Investor Action Plan for Kalpataru IPO

• Retail investors need to bid for a minimum of one lot (₹14,904)
• QIBs get a 75% allocation, NIIs 15%, and Retail 10%; employees get a discount of ₹ 38/sh financialexpress.com+5moneycontrol.com+5m.economictimes.com+5livemint.com
• Monitor grey market trends and compare GMP with fundamental outlook
• Assess its debt paydown plan, execution record, and urban real estate outlook

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🧾 Final Take

The Kalpataru IPO offers a unique opportunity to invest in a fast-growing real estate player executing pan-India projects with a strong balance sheet focus. With zero stake sale, fresh capital tightly aligned to debt reduction, and early GMP positivity, this could be a timely bet for investors bullish on India’s growth trajectory and urban housing demand—but risks of real estate cycles persist.

Read more: Upcoming IPOs This Week