Kalpataru iPo Opens Tomorrow: Gmp, Issue Details, 10 Key Things to Know

Kalpataru iPo Opens for Subscription on Tomorrow (Tuesday, June 24). Kalpataru ltd is a Comprehensive Real Estate Development Company Engaged in All Major Activities Related to Real Estate, Such as Land Acquistion (Development Rights), Planning, Planning, Design, Design, Design, Sales, and marketing of their projects.

The company stands out as a lead real estate development in the Mumbai metropolitan region (mmr) of maharashtra and operates across all micro-markets within the mmr, as reported by anarkkkkk

As of December 31, 2024, The Company, Along With Its Promoters, Completed a Total of 120 Projects, Encompassing Over 25.87 Million Square Feet of Developable Area In Mumbai, Thane, Thane, Thane, Thane, Thane, Thane, Thane, Th Maharashtra, as well as hyderabad, indore, bengaluru, and jodhpur in the states of Telangana, Madhya Pradesh, Karnataka, and Rajasthan, Respectively.

The real estate firm is LED by Promoters, Mr. Mofatraj P. Munot and Mr. Parag M. Munot.

Mumbai-Based Kalpataru Recorded Property Sales Totaling 2,727.24 Crore Between April and December of the Previous Fiscal Year, Driven by Robust Demand for Residential and Commercial Properties. In the 2023-24 fiscal year, the company achieved property sales of 3,201.98 Crore, according to its Herring Prospectus (RHP) Submitted to SEBI.

The company’s listed peers are oberoi realy ltd (with a p/e of 35.91), macrotech developers Ltd (with a P/e of 90.84), Godrej Properties Ltd (with a P/E of 92.10) Ltd (with a P/E of 89.64), Mahindra LifesPace Developers Ltd (with a P/E of 56.71), Keystone Realtors Ltd (with a P/E of 56.97), and PRETITATES PrOTEDETS LTD 48.31).

Here are the 10 key things to know about kalpataru iPo

Kalpataru IPO date: The issue opens for subscription on tuesday, June 24 and closes on Thursday, June 26.

Kalpataru iPo price band: The issue’s price band has been fixed in the range of 387 to 414 per equity share of face value of 10.

Kalpataru iPo lot size: The issue’s lot size is 36 equity shares and in multiples of 36 equity shares there.

Anchor investors: The allocation to anchor investors for kalpataru iPO is scheduled to take place place today (Tuesday, June 24).

Kalpataru iPo details: The issue comprises an equity shares wort 1,590 Crore. There is no offer for sale (ofs) component.

Kalpataru iPo objective: The firm plans to utilize the net proceeds from the Issuance for Various Objectives, Such as Paying off or Prepaying, Either Fully or Partially, Certin Loans Taken by the COMPANY and Itsidirs In addition to address general corporate requires.

Kalpataru iPo Listing Date and Allotment Details: The Basis for the Allotment of Shares for the Kalpataru iPo is expected to be finalized on Friday, June 27. Accounts of allottes on that same day after the refunds. The listing price for kalpataru shares is anticipated to be available on the bse and nse on tuesday, july 1.

Lead manager and registrar of kalpataru ipo: 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 responsible for the registration of this issue.

Kalpataru ipo reservation: The company has allocated 75% of the shares in the public offering for Qualified Institute Buyers (QIB), with a 15% reserved for non-institutional investors (NII), and 10% set assistant for retail investors. A discount of 38 per equity share is available for Qualified Employees Participating in the Employee Reservation Segment.

Kalpataru iPo gmp today: Kalpataru iPo Gmp Today or Grey Market Premium is +9. This indicates kalpataru share price was trading at a premium of 9 in the green market on Monday, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of kalpataru share price was indicated at 423 Apiece, which is 2.17% higher than the IPO price of 414.

Based on the green market activities from the last 11 sessions, the IPO’s Gmp is showing an upward trend today, indicating a solid listing ahead. The minimum gmp recorded is 0.00, while the maximum gmp is 11, as stated by experts from investorgin.com.

‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.

Disclaimer: The Views and recommendations giving in this article are there that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Taking Any Investments Decisions.