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26 Jun, 2025
Kalpataru Limited IPO
Kalpataru Limited is a real estate development company located in Mumbai, planning to launch its initial public offering on June 24, 2025 and close on June 26, 2025. The company is planning to raise ₹1,590.00 crores with an entirely fresh issue of 3.84 crore shares. Kalpatru IPO will be listed on NSE & BSE with a tentative listing date on July 1, 2025. It means that, being a fresh issue of shares, all the IPO proceeds will be used for the growth of the company. The price band for the IPO is fixed between ₹387 to ₹414 per share as a bookbuilding issue. The minimum lot size for an application is 36 shares, requiring an investment of ₹13,932 - ₹14,904.
Company Background
Kalapataru Limited was founded in 1988 as a real estate development company in Mumbai, Maharashtra. The company is mainly developing residential and commercial properties, retail spaces and integrated townships across multiple Indian states and cities including Mumbai, Thane, Panvel and Pune in Maharashtra along with Indore (Madhya Pradesh), Hyderabad (Andhra Pradesh), Bangalore (Karnataka) and Jodhpur (Rajasthan).
Kalaptaru Limited is a part of the Kalaptru Group that has Kalaptru Projects International Limited, Property Solutions Private Limited, Shree Shubham Logistics and their subsidiaries within it.
Operations & Product Range
Facility & Production
Kalpataru Limited has completed over 113 projects across key Indian cities including Mumbai, Pune, Hyderabad, Bengaluru and other cities. The company manages everything in the real estate development value chain from land acquisition to design and construction to sales with a focus on luxury, premium and mid-income residential, commercial and retail developments. Their projects are spread over more than 22 million square feet with vibrant living and working spaces.
Brands & Market Presence
Kalpataru is well-known for its powerful brand, which is linked to dependability, quality and trust. With a customer-centric strategy that improves brand recognition, it has a sizable presence in Pune and the Mumbai Metropolitan Area. The business has led the way in implementing cutting-edge ideas like eco-friendly building techniques and apartments with 1.5 bedrooms.
Revenue Channels
The sale of residential, commercial and retail real estate projects is Kalpataru Limited's main source of income. The organisation maintains consistent cash flows because to its varied portfolio across several cities and business sectors. Furthermore, it can capture value at every stage of the real estate development process, from land purchase to project completion and sales, thanks to its integrated strategy.
Management & Shareholding
Promoters & Shareholding
The company is led by Mr. Mofatraj P. Munot with an experience of more than five decades in the real estate sector and Mr. Parag M. Munot with three decades of industry expertise. Promoters of the company currently hold 100% of the shares in the company which will remain just 81% after the IPO.
Board Members
The board comprises experienced professionals with deep knowledge of real estate and related industries, guiding the company’s strategic direction and governance.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Kalpataru Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Kalpataru Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹387 to ₹414 per share |
| Total Issue Size | 3,84,05,797 shares (aggregating up to ₹1,590.00 Cr) |
| Fresh Issue | 3,84,05,797 shares (aggregating up to ₹1,590.00 Cr) |
| Employee Discount | 38 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 16,74,89,537 shares |
| Share Holding Post Issue | 20,59,34,148 shares |
Kalpataru Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Kalpataru Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹1,93,752 |
| S-HNI (Min) | 14 | 504 | ₹2,08,656 |
| S-HNI (Max) | 67 | 2,412 | ₹9,98,568 |
| B-HNI (Min) | 68 | 2,448 | ₹10,13,472 |
Kalpataru Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 81.30% |
Competitive Strength:
- ● Legacy and Experience: Over 55 years of successful operations with a strong track record of delivering quality projects on time.
- ● Brand Reputation: Recognized for trust, quality and customer-centricity in real estate development.
- ● Diverse Portfolio: Presence across luxury, premium and mid-income segments in multiple key cities.
- ● Integrated Operations: End-to-end control over the real estate development lifecycle enhances efficiency and profitability.
- ● Innovation: Early adopter of eco-friendly construction and innovative housing concepts.
Kalpataru Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-24 | 15,562.35 | 1,699.49 | 5.51 | 1,579.54 | 11,056.40 | |||||||||||||||||||||||||||||||||||
| 31-Mar-24 | 13,879.43 | 2,029.94 | -116.51 | 1,028.23 | 10,688.31 | |||||||||||||||||||||||||||||||||||
| 31-Mar-23 | 12,540.77 | 3,716.61 | -229.43 | 1,221.89 | 9,679.64 | |||||||||||||||||||||||||||||||||||
| 31-Mar-22 | 13,410.57 | 1,248.55 | -125.36 | 1,429.01 | 10,365.97 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -10.15 |
| 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 | 1160.05 |
IPO Objectives
The IPO has mainly these goals:
- To gather capital for executing current and future real estate projects.
- To improve cash reserves by settling existing liabilities, thus improving the balance sheet.
- Improving market visibility and reinforcing presence in different segments.
- Aiding in pursuing further growth and entering into newer segments and regions.
Conclusion
Kalpataru Limited’s IPO presents an opportunity to invest in a well-established real estate developer with a strong legacy, diversified portfolio and robust operational model. The company’s focus on quality, innovation and customer satisfaction positions it well for sustained growth in India’s expanding real estate market.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What sectors does Kalpataru Limited operate in?
Primarily real estate development including residential, commercial and retail projects.
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2.Who are the promoters of Kalpataru Limited?
Mr. Mofatraj P. Munot and Mr. Parag M. Munot are key promoters.
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3.What are the key strengths of the company?
Legacy of over 55 years, strong brand, diversified portfolio, integrated operations and innovation.
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4.How will the IPO proceeds be used?
To fund new projects, reduce debt and support expansion plans.
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5.What is the company’s market presence?
Strong presence in Mumbai Metropolitan Region, Pune, Hyderabad, Bengaluru and other cities with over 113 completed projects.
