IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
₹1,590 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |About Kalpataru Limited IPO
Kalpataru Limited is set to launch its Initial Public Offering (IPO) with a fresh issue of equity shares valued at ₹1,590 crore, each having a face value of ₹10. According to the Draft Red Herring Prospectus (DRHP), the funds raised from the IPO will be used for repayment or pre-payment of certain borrowings and general corporate purposes.
ICICI Securities, JM Financial, and Nomura Financial Advisory and Securities (India) have been appointed as the Book Running Lead Managers for the Kalpataru IPO, while Link Intime India is acting as the IPO registrar. The company is part of the Kalpataru Group, which includes Kalpataru Projects International Limited, Property Solutions (India) Private Limited, and Shree Shubham Logistics Limited.
Kalpataru Projects International Limited is already listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). With a solid reputation in real estate and infrastructure, Kalpataru Limited's IPO is expected to attract significant investor interest, offering a growth opportunity in the Indian real estate sector.
Industry Outlook:
- India's real GDP growth rate was 7.8% in 2023 and is projected to grow at 6.8% in 2024 and 6.5% in 2025, outpacing major global economies.
- By 2046, approximately 50% of India's population is expected to be urban, driving significant demand for housing and real estate infrastructure.
- India's rising income levels are forecasted to shift over 100 million households into higher income brackets by 2030, driving demand for over 100 million housing units.
Kalpataru Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The net proceeds will be used to repay or pre-pay certain borrowings taken by the company and its subsidiaries, helping reduce debt liabilities.
- The remaining funds will be allocated for general corporate purposes.
About Kalpataru Limited
Kalpataru Limited is a well-established real estate development company with a strong foothold in the Mumbai Metropolitan Region (MMR) and other major cities across India. Specialising in luxury, premium, and mid-income residential, commercial, and retail projects, the company is known for its high-quality construction and timely project delivery. As of March 31, 2024, Kalpataru Limited had successfully completed 113 projects, spanning over 24.10 million square feet of developable area in cities like Mumbai, Thane, Pune, Hyderabad, and Bengaluru.
The company’s ongoing and upcoming projects cover an extensive 22.02 million square feet and 19.93 million square feet, respectively. These developments are expected to launch in phases from 2025 to 2027, providing Kalpataru with a significant competitive edge. The company's land reserves, totaling 1,886.10 acres, further support its growth potential.
Kalpataru Limited also benefits from its association with the Kalpataru Group, a diversified conglomerate with expertise in real estate, EPC contracting, and infrastructure development. This affiliation strengthens Kalpataru’s execution capabilities and allows the company to leverage synergies across various sectors, reinforcing its position as a trusted name in Indian real estate.
Peer Details
The following are the listed companies in India engaged in a business similar to Kalpataru Limited:
- Oberoi Realty Limited
- Macrotech Developers Limited
- Sunteck Realty Limited
- Mahindra Lifespace Developers Limited
- Keystone Realtors Limited
- Prestige Estates Projects Limited
How to Check the Allotment Status of the Kalpataru Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Kalpataru Limited IPO
- Registered office: 91, Kalpataru Synergy, oppositeGrand Hyatt, Santacruz (East), Mumbai 400 055, Maharashtra, India
- Phone: +91 22 3064 5000
- E-mail: investor.cs@kalpataru.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ million) | 19,299.84 | 36,331.82 | 10,006.73 |
| EBITDA (in ₹ million) | (780.12) | (496.67) | (359.77) |
| Profit / (loss) for the year(in ₹ million) | (1,138.06) | (2,267.87) | (1,215.49) |
| Total Assets (in ₹ million) | 1,02,675.23 | 93,719.01 | 73,208.56 |
| Total Borrowings (in ₹ million) | 106,883.09 | 96,796.43 | 103,659.65 |
| Return on Net Worth (RoNW) (%) | (9.80) | (16.43) | (8.45) |
| Earnings Per Share (in ₹) | (7.21) | (14.37) | (8.65) |
Know before investing
Strengths
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Kalpataru Limited is a prominent real estate developer in Maharashtra.
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Kalpataru has completed 68 projects, totaling 14.31 million square feet.
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Kalpataru leverages a strong brand to sell projects during construction.
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Kalpataru focuses on sustainable, green building practices in development.
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Kalpataru's affiliation with the Kalpataru Group enhances its market reputation.
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Kalpataru has an experienced management team with strong human resource practices.
Risks
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Kalpataru Limited has faced consistent losses, affecting its financial stability.
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Heavy reliance on the Mumbai and Pune markets exposes regional risks.
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Delays and cost overruns in projects could hurt Kalpataru’s profits.
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Limited land availability and rising costs may impede project expansion.
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Legal proceedings involving Kalpataru could damage its business reputation.
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Unresolved land acquisitions threaten the completion of Kalpataru’s future projects.
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Kalpataru Limited IPO FAQs
The Kalpataru Limited IPO is a book built issue IPO. The exact dates and IPO price range are yet to be announced.
The exact dates and price range are yet to be announced.
The IPO subscription window is not announced yet.
Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.
The exact date is not announced yet.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
- Select IPO: Find and select the Kalpataru Limited IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Kalpataru Limited’s financial statements, download the IPO’s DRHP document.
