Kalpataru Projects is launching an IPO to raise ₹1,590 crore. It will be a fresh issue only. The company builds infrastructure and real estate projects. The money raised will help pay off debt and support its growth. In this article, you’ll find the IPO date, price band, allotment process, financials, and expert views.
In this guide, you’ll get all the key details:
- Kalpataru IPO dates
- Price band
- Allotment process
- Company background
- Financials
- Use of funds
- Expert reviews
- Grey Market Premium (GMP)
- Application steps
- Listing tips
- FAQs
Thus, you can make a smart investment decision.
About Kalpataru Projects
Kalpataru Projects International is a well-known name in real estate. It has over 50 years of experience. The company builds homes, offices, malls, and large townships.
Key Facts:
- Experience: Over 5 decades
- Locations: Mumbai, Pune, Hyderabad, Bengaluru, Noida, and more
- Types of Projects: Homes, commercial spaces, and mixed-use townships
- Global Work: Some projects in the Middle East and Africa
So far, it has completed more than 20 million sq. ft. of projects. Another 15 million sq. ft. is under development. The company wants to grow faster. That’s why it is raising funds through the IPO.
Kalpataru IPO Dates
| Event | Date |
|---|---|
| IPO Opens | June 24, 2025 |
| IPO Closes | June 26, 2025 |
| Allotment Finalized | June 27, 2025 |
| Refunds & Demat Credit | June 30, 2025 |
| Listing on NSE/BSE | July 1, 2025 |
This IPO runs for only three days. So, make sure to apply on time.
Kalpataru IPO Price Band & Lot Size
The company has not confirmed the final price yet. However, reports suggest:
- Expected Price: ₹275–₹290 per share
- Lot Size: Around 50–55 shares
- Minimum Investment: ₹13,750 to ₹15,950 (approx.)
Once the final price is announced, you’ll know the exact amount needed.
Kalpataru IPO Issue Details
Here are the main points:
- Issue Size: ₹1,590 crore
- Type of Issue: Fresh Issue only
- OFS: None
- Registrar: Link Intime India Pvt Ltd
- Listing: NSE and BSE
Since there’s no OFS, all money raised will be used by the company itself.
Why Is Kalpataru Raising Funds?
The company has shared its reasons:
- Repay Loans: To reduce debt and interest payments
- Working Capital: To run daily operations and projects
- Business Growth: For new plans and stronger finances
Lower debt can help the company become more stable.
Financial Snapshot
Let’s compare two years of financial data:
| Year | Revenue | EBITDA | Net Profit/Loss |
|---|---|---|---|
| FY 2023 | ₹3,716 Cr | ₹612 Cr | -₹227 Cr |
| FY 2024 | ₹2,030 Cr | ₹245 Cr | -₹114 Cr |
Although revenue fell, the company cut its losses. This shows better control over expenses.
Strengths vs Risks
Strengths
- Trusted brand
- Wide range of projects
- Presence in major cities
- Plans to reduce debt
Risks
- Real estate is a risky sector
- Losses in recent years
- Delays in projects can hurt growth
- High competition in the market
Before you invest, consider both the good and the risky sides.
Expert Review of Kalpataru IPO
Analysts see this IPO as a cautious buy. The company has a strong name, but its finances need improvement. Since there is no OFS, that’s a positive sign. It shows promoters are not exiting.
If you’re a long-term investor, this may suit you. But for short-term gains, it depends on the listing price and market mood.
Kalpataru IPO Grey Market Premium (GMP)
Right now, GMP is not available. It may become active a few days before the IPO opens. GMP shows how much extra people are ready to pay for the shares in the grey market.
Keep an eye on IPO websites for updates.
Kalpataru IPO Allotment Details
You can check your allotment status after June 27, 2025.
Where to check:
- Link Intime website
- NSE or BSE IPO page
What you need:
- PAN number
- Application number
- Demat ID
Once allotted, shares will show in your Demat account by June 30.
How to Apply for Kalpataru IPO
You can apply in two ways:
1. UPI through Apps
Use apps like Groww, Zerodha, Upstox, or Paytm Money.
Steps:
- Open the app
- Go to IPO section
- Choose Kalpataru IPO
- Enter lot size
- Approve UPI request
2. ASBA through Bank
Use your bank’s net banking.
Steps:
- Log in to your bank account
- Find the IPO/ASBA section
- Select Kalpataru IPO
- Fill in details
- Submit and verify
Make sure your bank is UPI and ASBA enabled.
Listing Day Tips
Kalpataru shares will list on July 1, 2025. Depending on the GMP, the price may go up or stay flat.
Here are some options:
- Sell for profit if the listing is strong
- Hold if you believe in the company’s future
- Exit quickly if the price drops below your cost
Make your decision based on market trends and your goal.
Final Thoughts
Kalpataru Projects IPO is a significant opportunity in the real estate sector. On the one hand, it comes with brand value and a focused capital plan. On the other, risks from market trends and ongoing losses must be considered.
Moreover, the absence of OFS adds a positive signal. For investors who believe in infrastructure and urban housing growth, this IPO might be a fit. Just ensure you review financials, listing price, and GMP before making your final decision.
