Kalpataru Limited came to market through an IPO that opened on 24 June 2025 and closed on 26 June 2025, and the shares listed on 1 July 2025 on BSE, NSE. The price band was ₹387 to ₹414 per share and one lot was 36 shares, so the minimum application was ₹14,904. The issue size was ₹1590 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and ICICI Securities Limited, Jm Financial Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd were the lead managers.
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Kalpataru Limited, established in 1988, is a Mumbai-based real estate development firm. It specializes in developing residential and commercial properties, retail spaces, and integrated townships in a variety of Indian cities, such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Kalpataru Limited is a subsidiary of the Kalpataru Group, consisting of Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and their respective subsidiaries, inter-alia.
The company has 40 ongoing projects and has delivered 70 projects as of March 31, 2024.
As described in the offer document.
| Metric | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Kalpataru raises Rs 708 crore from anchor investors. Marquee names that showed interest in the Kalpataru brand include the Government of Singapore, the Monetary Authority of Singapore, and GSS Opportunities Investment. Domestic institutional investors such as SBI Mutual Fund, ICICI Prudential Mutual Fund, 360 ONE Special Opportunities Fund, Aditya Birla Sun Life Insurance Company, SBI General Insurance Company, Taurus Mutual Fund, and Ayushmat also participated in the anchor book.
Mofatraj P. Munot, Parag M. Munot. Promoter holding 100% before the issue and 81.30% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Kalpataru IPO was a ₹1,590 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹387–₹414 per share with a lot size of 36 shares (₹14,904). The IPO was open from June 24 to June 26, 2025. Shares listed on BSE and NSE on July 1, 2025 at ₹414, in line with the issue price of ₹414. MUFG Intime India Private Limited (Link Intime) is the registrar.
ICICI Securities Limited and 2 other book running lead managers manage the issue.
The price band of Kalpataru IPO is ₹387 to ₹414 per share.
The lot size of Kalpataru IPO is 36 shares.
The minimum investment for Kalpataru IPO is approximately ₹14,904 based on the upper price band.
The allotment date of Kalpataru IPO is Jun 27, 2025.
Kalpataru IPO's final recorded GMP before listing was ₹1 per share (level with the ₹414 upper price band). The shares listed at ₹414. GMP is unofficial and does not forecast or guarantee the actual listing price.
Kalpataru IPO listed on Jul 1, 2025. It was issued at ₹414.0(NSE) and is currently around ₹240.01 as on 2-Nov-2026 3:30 PM, which is approximately -42.0% versus issue price. The 52-week high is ₹409.80.
You can check Kalpataru IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kalpataru IPO allotment status on Rupix for quick and easy access.
₹387 to ₹414 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 36 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,904.
₹14,904, for one lot of 36 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 June 2025 and closed on 26 June 2025.
The basis of allotment was published on 27 June 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 1 July 2025 on BSE, NSE.
The issue size was ₹1590 crore. The fresh issue was 3,84,05,79,710 shares (aggregating up to ₹1590 crore).