Leading real estate developer Kalpataru Ltd is set to launch its much-anticipated ₹1,590 crore Initial Public Offering (IPO) from June 24 to June 26, following a robust performance in the housing and commercial segments. The Mumbai-based firm reported property sales worth ₹2,727.24 crore during April–December FY25, driven by strong demand across the Mumbai Metropolitan Region (MMR), Pune, Hyderabad, and Noida.
📈 IPO Details
- IPO Size: ₹1,590 crore (entirely fresh issue)
- Price Band: ₹387–₹414 per share
- Lot Size: 36 shares and multiples thereof
- Anchor Investor Bidding: Opens June 23
- Listing Date: July 1, 2025 (BSE & NSE)
- Use of Proceeds: Debt repayment and general corporate purposes
🏗️ Kalpataru’s Real Estate Footprint
Kalpataru boasts a 50 million sq. ft. development portfolio, including:
- 25 million sq. ft. ongoing projects
- 16 million sq. ft. upcoming developments
- 8 million sq. ft. in planning stages
The company has completed 75 projects and is a key player in luxury, premium, and mid-income housing, as well as commercial and retail spaces.
💬 Leadership Commentary
Managing Director Parag M. Munot expressed confidence in the IPO’s success despite global uncertainties, citing India’s resilient growth and real estate demand.
“We are committed to delivering value through strategic expansion and timely execution,” Munot said.
🧾 Financial Snapshot
- FY24 Revenue: ₹1,930 crore
- Adjusted EBITDA: ₹449 crore
- Net Loss: ₹113.8 crore (due to one-time adjustments)
Stay tuned for allotment updates and listing performance.
