Kalpataru IPO - Details
Kalpataru is set to open its Initial Public Offering (IPO) on June 24, 2025, with the bidding window closing on June 26, 2025. This will be a Book Built Issue, aiming to raise approximately ₹1,590 crores through a complete fresh issue of shares. An offer for sale component is also included, comprising [.] equity shares with a face value of ₹10 each.
The price band for the IPO is yet to be announced and will fall between ₹[.] and ₹[.] per share. The issue allocation is structured with 75% reserved for Qualified Institutional Buyers (QIBs), 15% for High Net-Worth Individuals (HNIs), and 10% for retail investors. The shares are scheduled to be listed on both the BSE and NSE on July 1, 2025, while the allotment date is expected to be June 27, 2025.
In terms of financial performance, Kalpataru posted a revenue of ₹2,029.94 crores in FY 2024, a decline from ₹3,716.61 crores in FY 2023. The company managed to narrow its net loss to ₹113.81 crores in 2024, compared to ₹226.79 crores in the previous year.
![Kalpataru is set to open its Initial Public Offering (IPO) on June 24, 2025, with the bidding window closing on June 26, 2025. This will be a Book Built Issue, aiming to raise approximately ₹1,590 crores through a complete fresh issue of shares. An offer for sale component is also included, comprising [.] equity shares with a face value of ₹10 each.](https://moneygrowths.com/wp-content/uploads/2025/06/www.moneygrowths.com-17-1024x576.png)
Kalpataru IPO Market Lot Size
The minimum bid for the Kalpataru IPO is [.] shares, requiring an investment of ₹[.]. Retail investors can apply for up to 13 lots, totaling [.] shares with a maximum application value of ₹[.].
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Kalpataru IPO Details
IPO Open Date: | June 24, 2025 |
IPO Close Date: | June 26, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹[.] to ₹[.] Per Share |
Issue Size: | Approx ₹1,590 Crores |
Fresh Issue: | Approx ₹1,590 Crores |
Issue Type: | Book Build Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 10% |
QIB Quota: | Not more than 75% |
NII Quota: | Not more than 15% |
Kalpataru IPO Valuation – FY2024 (KPI)
Review the key valuation metrics of Kalpataru IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
KPI | Values |
ROE: | -% |
ROCE: | -% |
EBITDA Margin: | (4.04)% |
PAT Margin: | -% |
Debt to equity ratio: | NA |
Earning Per Share (EPS): | ₹(7.21) (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | (9.80)% |
Net Asset Value (NAV): | ₹73.63 |
Kalpataru IPO Company Financial Report
In FY 2024, the company recorded a revenue of ₹2,029.94 crores, a decline from ₹3,716.61 crores in FY 2023. The net loss for 2024 stood at ₹113.81 crores, improving from a loss of ₹226.79 crores reported in the previous year.
(All figures in ₹ crores.)
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹1,248.55 | ₹1,387.59 | ₹121.55 | ₹13,410.57 |
2023 | ₹3,716.61 | ₹3,874.52 | ₹226.79 | ₹12,540.77 |
2024 | ₹2,029.94 | ₹2,125.28 | ₹113.81 | ₹13,879.43 |
Kalpataru IPO Dates
Kalpataru’s IPO will open for subscription on June 24, 2025, and close on June 26, 2025. The allotment of shares is expected to be finalized on June 27, with the listing scheduled for July 1, 2025.
IPO Open Date: | June 24, 2025 |
IPO Close Date: | June 26, 2025 |
Basis of Allotment: | June 27, 2025 |
Refunds: | June 30, 2025 |
Credit to Demat Account: | June 30, 2025 |
IPO Listing Date: | July 1, 2025 |
Promoters of Kalpataru IPO
The promoters of the company are Mofatraj P. Munot and Parag M. Munot.
About Kalpataru IPO
Established in 1988 and headquartered in Mumbai, Kalpataru Limited is a rapidly growing player in the Indian real estate sector. The company operates across the entire project lifecycle—from land acquisition and planning to construction, sales, and marketing.
Kalpataru focuses on developing a wide range of real estate assets, including residential complexes, commercial spaces, retail developments, and integrated townships. Its presence spans multiple cities such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur.
Part of the broader Kalpataru Group, the company operates alongside several other entities including Kalpataru Projects International Limited, Property Solutions (India) Private Limited, and Shree Shubham Logistics Limited, along with their respective subsidiaries. Collectively, the group employs over 27,000 professionals across 73 countries.
As of March 31, 2024, Kalpataru Limited has successfully delivered 70 projects and is actively working on 40 ongoing developments.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Oberoi Realty Limited | 52.99 | 13.92 | 52.99 | 380.76 | 4495.79 Cr. |
Macrotech Developers Limited | 16.03 | 8.87 | 15.99 | 175.66 | 10316.10 Cr. |
Godrej Properties Limited | 26.09 | 7.26 | 26.08 | 359.39 | 3035.62 Cr. |
Sunteck Realty Limited | 4.99 | 2.27 | 4.99 | 213.28 | 564.85 Cr. |
Mahindra Lifespace Developers Limited | 6.34 | 5.25 | 6.33 | 120.82 | 212.09 Cr. |
Keystone Realtors Limited | 9.85 | 6.24 | 9.82 | 157.85 | 2222.25 Cr. |
Prestige Estates Projects Limited | 34.28 | 12.17 | 34.28 | 281.59 | 7877.10 Cr. |
Objects of the IPO
-
Partial or full repayment of borrowings taken by the company
-
Repayment or prepayment of loans availed by its subsidiaries
-
Allocation of funds for general corporate purposes
Merchant Bankers
- ICICI Securities Limited
- Jm Financial Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Company Address
Kalpataru Limited
91, Kalpataru Synergy,
Opposite Grand Hyatt,
Santa
Mumbai, Maharashtra, 400055
Phone: +91 22 3064 5000
Email: [email protected]
Website: http://www.kalpataru.com/
Kalpataru IPO Registrar
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Check Grey market premium at below