Kalpataru Limited IPO
Kalpataru Limited IPO
Price Band
₹387 - ₹414
Total Issue
₹1,590.00 Cr
Bid Dates
24 Jun - 26 Jun
Subscription
2.26x
Est. GMP
₹1 (0.24%)
Tentative Timetable
Business Overview
Kalpataru is a prominent and integrated real estate development company with a strong presence across all key micro-markets of the Mumbai Metropolitan Region (MMR). The co. is an actively involved in the complete real estate lifecycle—from identifying and acquiring land or development rights, to planning, designing, executing, marketing, and selling our projects. They have a diverse portfolio spans luxury, premium, and mid-income residential developments, commercial and retail spaces, integrated townships, lifestyle-oriented gated communities, and urban redevelopment projects, all aimed at delivering high-quality living and working spaces.
Lot Info
| Category | 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 |
Category Reservation
Issue Size
Objects of Issue
- Payment in full or in part of certain borrowings availed by Company
- General Corporate Purposes
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 30 Jun | ₹1 (0.2%) | ₹415 |
| 27 Jun | ₹3 (0.7%) | ₹417 |
| 26 Jun | ₹3 (0.7%) | ₹417 |
| 25 Jun | ₹9 (2.2%) | ₹423 |
| 24 Jun | ₹8 (1.9%) | ₹422 |
| 23 Jun | ₹9 (2.2%) | ₹423 |
| 22 Jun | ₹9 (2.2%) | ₹423 |
| 20 Jun | ₹0 (0%) | ₹414 |
| 19 Jun | ₹0 (0%) | ₹414 |
Kalpataru IPO Peer Comparison
(Rs. in crores)
| Particulars | Kalpataru | Oberoi | Macrotech | Godrej | Suntech | Mahindra Lifespace | Keystone | Prestige |
|---|---|---|---|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 1,929.98 | 4,495.79 | 10,316.10 | 3,035.62 | 564.85 | 212.09 | 2,222.25 | 7,877.10 |
| EBITDA (In Crs.) | -78.01 | 2,409.87 | 2,675.70 | 1,196.66 | 117.29 | 75.40 | 162.92 | 2,498.40 |
| EPS - Basic | -7.41 | 52.99 | 16.03 | 26.09 | 4.99 | 6.34 | 9.85 | 34.28 |
| NAV per share | 72.96 | 380.76 | 175.66 | 359.39 | 213.28 | 120.82 | 157.85 | 281.59 |
| RONW | NA | 13.92% | 8.87% | 7.26% | 2.27% | 5.25% | 6.24% | 12.17% |
| EBITDA Margin | -4.04% | 53.60% | 25.94% | 39.42% | 20.77% | 35.55% | 7.33% | 31.72% |
| Price to earning (PE) | NA | 35.91 | 90.84 | 92.10 | 89.64 | 56.71 | 56.97 | 48.31 |
- All information pertains to FY 2023-24.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 13, 2025 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 1,624.74 | 1,929.98 | 3,633.18 | 1,000.67 |
| Profit after Tax | 5.51 | -116.51 | -229.43 | -125.36 |
| Net Worth | 1,579.54 | 1,018.86 | 1,215.23 | 1,425.00 |
| Total Borrowing | 11,056.40 | 10,688.31 | 9,679.64 | 10,365.97 |
| Total Assets | 15,562.35 | 13,870.07 | 12,534.11 | 13,406.56 |
| NAV per share (in ₹) | 113.11 | 72.96 | 87.02 | 102.04 |
| EPS - Basic (in ₹) | 0.62 | -7.41 | -14.56 | -8.92 |
KPIs
Adj EBITDA
23.25%
PE Ratio
NA
PB Ratio
5.67
Mkt Cap (in Crs.)
8,525.67
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
100.00%
Public
0.00%
Management
Subscription Status
Updated as on 26-Jun-2025 19:00:00
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 3.33 | 1,14,06,521 | 3,80,15,100 |
| NII | 1.40 | 57,03,261 | 79,72,380 |
| bHNI | 1.69 | 38,02,174 | 64,26,900 |
| sHNI | 0.81 | 19,01,087 | 15,45,480 |
| Retail | 1.39 | 38,02,174 | 52,66,728 |
| Employee | 0.76 | 4,22,872 | 3,19,968 |
| Total | 2.42 | 2,13,34,828 | 5,15,74,176 |
Frequently Asked Questions
What is Kalpataru IPO?
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How to apply Kalpataru IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Kalpataru IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Kalpataru IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Kalpataru IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date

