Kalpatru intends to use the net proceeds from the issue for multiple purposes, include the full or Partial Repayment or Prepayment of Prepayment of Specific Loans Aawailed by Itself and Its Subsidies well as for general corporate purposes.
The company has reserved 75 per cent of the shares in its public offering for Qualified Institute Buyers (QIBs), 15 per cent for non-institutional investors (NIIS), and the remain 10 per cent for the winning 10 per centening. Qualified Employees Applying under the Employee Reservation Category are eligible for a discount of 38 per equity share.
Kalpataru iPo Day 1 Live: Subscription Status
By 10:30 AM, on the first day of bidding, the public issue has been subscribed over 0.01 times. The Retail Port of the Public Issue Had Been Books 0.06 Times, whereas, Nii has been subscribed over 0.01.
Kalpataru iPo Day 1 Live: review
Brokerage firm choice broking has given ‘subscribe for long-term’ Rating to kalpataru iPo. “At the higher price range, kalpataru is seeking an ev/sales multiple of 9.3 ×, which still trades at a discount compared to peer average of average 12.5 ×. The Company”s Strong Allows”s BRANG BRANG BRANG BRANG BRANG BRANGES Command a Premium Pricing Strategy, Reflecting Solid Pricing Power. However, A High Debt Load Introduction Financial Prudence Concerns. Issue. “
Whereas, Gaurav Goel, Founder & Director at Fynocrat Technologies Believes That Given Kalpataru’s Current Financial Profile and Limited Visibility on Sustained Profitability, the IPOSOS NOTERATED POFERABILITY Compeling Risk-Reward Trade -off.
Kalpataru ltd. is a well-known brand in the Mumbai metropolitan region with a sizeable land bank and an active project pipeline. Return on Equity (0.56%), and Remains Heavily Concentrated in One Region, Limiting Its Diversification Benefits. Sector. In contrast, listed peers like oberoi realty and godrej properties of Strongeer Execution Track Records, Better Geographic Spread, and Helthier Return Ratios, ”
5kalpataru iPo Day 1 Live: IPO Details
Kalpataru’s iPo is a book-built offering valued at 1,590 brors, consisting entrely of a fresh issue of 3.84 Crore Equity Shares. The price band for kalpataru limited’s iPo has been set between 387 and 414 per equity share, each having a face value of 10.
The Basis of allotment for the kalpataru iPo is expected to be finalized on Friday, June 27. Accounts of successful allottes the same day. Kalpataru shares are anticipated to be listed on the bse and nse on tuesday, july 1.
ICICI Securities Limited, JM Financial Limited, And Nomura Financial Advisory and Securities (India) Pvt Ltd are acting as the book running lead mangers for the kalpataru IPO, which mufg india Private Limited (Link INTIME) is appointed as the registrar for the offering.
Kalpataru iPo Day 1 Live: Gmp Today
Kalpataru iPo Gmp Today is +5, suggesting that its shares are trading 5 Above the issue price in the unofficial market, as per investorgain.com.
Based on the upper price band of 414 and the Ongoing Gmp, The Estimated Listing Price is Around 419 per share – About 1.21% Higher Than the IPO price.
Tracking Grey Market Trends Over the Last 12 Sessions, The Gmp has Remained Volatile, Indicating a Mixed Reviews. Experts at investment.com note that the gmp has ranged between 0 and 11 during this period.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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