Kalpataru iPo to Open on Tuesday: 10 key things to know from rhp before you subscribe to ₹ 1590 Crore Issue

Kalpataru iPo in Focus Today: Kalpataru’s Initial Public Offering (IPO) is Scheduled to Kick Off for Subscription on Tuesday, June 24, and Will Remain Open Open Until Chiursday, June 26. The company aims to raise to raise 1,590 Crore through the offering, which is elevated a fresh issue of 3.84 Crore Shares.

The IPO price band is set at 387 to 414 per share. Of the total offering, 75% is reserved for Qualified Institutional Buyers (QIBS), 15% for non-infestritational investors (Niis), and 10% for retail investors.

Also read , Kalpataru IPO: Price Band Set at ₹ 387-414 per share; Check issue details, more

ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt. Ltd. Are the Book-Running Lead Manners of the Kalpataru IPO, while Mufg INTIME India Private Limited (Link INTIME) is the registrar for the issue.

Let us take a look at some of the key points mentioned in laxmi kalpataru’s rhp:

1. About the company

Kalpataru Limited is a Mumbai-Based Real Estate Developer with Over Three Decades of Presence in the Residential and Commercial Property Segments. It has developed numerous projects Across Maharashtra, Particularly in the Mumbai Metropolitan Region (MMR) and Pune.

2. Over 500 Acres of land are currently under Various Stages of Development

As of March 31, 2024, The Company Had 511.62 Acres of land in various stages of development, amouncing to 49.77 msf of developable area. Its Ongoing Projects, Forthcoming Projects, and Planned Projects Amouted to 267.24 acres, 121.32 acres, and 123.06 acres, respectively, with a corresponding development developable is 22.02 msf, 19.93 MSF, and 7.81 MSF, Respectively.

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The company also intends to complete and sell these projects with their respective Timetables in Order to Monetize these land parceels.

3. Land Bank Details

As of March 31, 2024, Kalpataru Had Five Land Reserves Aggregating to 1,886.10 Acres. Its land reserves were located in Surat, Gujarat; Pune, Maharashtra; Nagpur, Maharashtra; Udaipur, Rajasthan; And Shirol, Maharashtra.

4. Operating along with Premier Real Estate Developers

Kalpataru Limited Operates in Some of India’s Most Competitive Real Estate Markets, Particularly The Mumbai Metropolitan Region (MMR) and Pune, which remain its primary focus affiliation.

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According to the anarock report, kalpataru’s key matters in the areas where it currently operates include prominent real estate developers such as lodha groups, godrej priorj properties Lodha Group, Rustomjee Group, Oberoi Realty, Mahindra LifesPace Developers, PrestigE Estates, and Sunteck Realty.

5. Premium and mid-segment housing drives kalpataru’s portfolio

The company focuses on the development of luxury, premium, and mid-ins’ residential, commercial, commercial, and retail projects; Integrated townships; Lifestyle gated communities; and redeveloopments.

For its Residential Developments, It Builds and Sells A Wide Range of Properties, Including Villas, Duplexes, Apartments, and Plots of Varying Sizes, with a Primary Focus on Luxuri, and Mid-Income Residential Real Estate.

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As of March 31, 2024, 67.71% of the Developable Area of the Residential Projects Within Its Development Portfolio was located with Located Within the MMR, Aggregating to 33.69 MSF of Developable Area.

6. Risk Factors to Watch

One of the key risks highlighted in the rhp is kalpataru’s geographic concentration, essentially in the Mumbai metropolitan region (mmr) and pune. Any Adverse Developments Such as Regulatory Delays, Policy Changes, Or Demand Slowdowns in these areas could significantly affected affectly the company’s performance.

Moreover, the real estate sector is highly sensitive to interest rate movements, Customer Sentiments, and Funding available.

7. Financials

In fy24, the company reported revenue of 1,930 Crore and an adjusted ebitda of 449 Crore but posted a net loss of 113.8 Crore. FY23 Revenue was higher at 3,633 Crore due to one-time land sales and subsidiary contributions, thought the company still incurred a 226.7 Crore Loss.

8. Objectives of the issue

Kalpataru aims to raise 1,590 Crore through a fresh issue of equity shares in its iPO. The proceeds will be used to repay or prepay loans, Acquire land and development rights, meet general corporate needs, and support subsidies’ Growth.

9. IPO lot size and cost for retail investors

Retail investors can apply for a minimum of 36 shares in one lot and can apply for up to 13 lots. At the upper end of the IPO price band ( 414), Retail Investors are required to make a minimum investment of 14,904 per lot.

10. Allotment and Listing Details

The allotment of shares for the kalpataru iPo is expected to be finalized on Friday, June 27, 2025. Tentative listing on both the bse and nse is scheduled for tuesday, july 01, 2025.

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

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