Kalpataru IPO Upcoming
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Schedule of Kalpataru
| Issue open date | 24 Jun 2025 |
| Issue close date | 26 Jun 2025 |
| UPI mandate deadline | 26 Jun 2025 (5 PM) |
| Allotment finalization | 27 Jun 2025 |
| Refund initiation | 30 Jun 2025 |
| Share credit | 30 Jun 2025 |
| Listing date | 01 Jul 2025 |
| Mandate end date | 11 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 27 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Kalpataru
Kalpataru is a real estate company operating in the Mumbai Metropolitan Region (MMR) and Pune, Maharashtra. The company was established in 1969 and is affiliated with the Kalpataru Group, which has a multinational presence and operations in various infrastructure sectors such as EPC contracting, power transmission and distribution, oil and gas, railways, civil infrastructure, and facility management.
Financials of Kalpataru
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹1590 crores |
| Fresh Issue | ₹1590 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/pre-payment of borrowings | 1192.5 (75%) |
| General corporate purposes | – |
Strengths
- Ranks 5th in MCGM and 4th in Thane for units supplied (2019-2023).
- Operates in diverse micro-markets, resilient to market changes.
- Follows an integrated model for real estate development.
- Leverages expertise from Kalpataru Group association.
- Senior management averages 20+ years of experience.
Risks
- Economic, regulatory, and political changes could significantly impact the company.
- Faces challenges in securing land due to limited supply, competition, and regulations.
- Long gestation periods and project delays could affect financial performance.
- Two planned projects lack full land acquisition, potentially affecting development.
- Reliance on financial instruments and borrowing facilities poses cash flow risks.