The floor price and the cap price are 38.7 times and 41.4 times the face value of the right shares. The kalpataru iPo lot size is 36 equity shares and in multiples of 36 equity shares there.
Kalpataru iPo has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), Not More Than 15% for non-institutional institutional investors (nii), and not more of the 10% of the 10% is reserved for retail investors. A discount of 38 per equity shares is being offered to eligible employees bidding in the employee reservation purtion.
Tentatively, kalpataru iPo Basis of Allotment of Shares will be finalized on Friday, June 27, and the company will initiate refunds on Monday, June 30 While The Shares will be credited to the deeds Allottees on the same day following refund. Kalpataru share price is likely to be listed on bse and nse on tuesday, july 1.
Kalpataru Limited, Establed in 1988, is a real estate development firm located in Mumbai, Maharashtra.
The company focuses on the development of Residential and Commercial Properties, Retail Environment, and Integrated Townships in Various Cities ACROOSS ACROOSS India, Such as Mumbai, Thane, Thanan, Thane, Thanan, Th Hyderabad, Indore, Bengaluru, and Jodhpur.
Kalpataru Limited is a subsidiya of the kalpataru group, which computes kalpataru projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, Alan With their subsidiaies and others.
As of March 31, 2024, The Company is Managing 40 Ongoing Projects and Has Successfully Completed 70 Projects.
According to the Red Herring Prospectus (RHP), 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), GodRaj Properties Ltd (with a P/e of 92.10), Sunteck Realty 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 PrestigE Estates Projects Ltd (with a P/E of 48.31).
Kalpataru iPo Details
Kalpataru iPo Comprises An Equity Shares Worth 1,590 Crore. There is no offer for sale (ofs) component.
The company intends to use the net proceeds from the issue for Several purposes, Including the report or prepayment, either entryly or partially, of specific borrowings Its subsidiaies, as well as for general corporate needs.
ICICI Securities Limited, JM Financial Limited, And Nomura Financial Advisory and Securities (India) Pvt Ltd Serve as the Book Running Lead Manners for the Kalpataru IPO, WHERAS MUFG INDIAN Limited (link intimate) is the registrar for this issue.
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