Kalpataru IPO Closes Today: Should You Apply? Check Latest GMP, Subscription Status | Ipo News

Last Updated:June 26, 2025, 10:38 IST

According to market observers, the GMP of the IPO currently stands at 0.72%, indicating flat or negative listing.

Kalpataru IPO.

Kalpataru IPO: The initial public offering (IPO) of real estate developer Kalpataru Ltd is going to be closed today, Thursday, June 26. The issue has received a muted response amid subdued GMP. Till 10:09 am on the final day of bidding on Thursday, the Rs 1,590-crore IPO received a 0.40 times subscription, garnering bids for 84,86,532 shares as against the 2,13,34,828 shares on offer.

The retail and NII participation stood at 0.84 times and 0.53 times, respectively. Its qualified institutional buyer (QIB) category got a 0.18 times subscription.

Kalpataru IPO Lot Size & Price

Investors need to apply for a minimum of 36 shares or in multiple of that thereof.

The price band of the IPO is in the range of Rs 387 to Rs 414 per share.

Based on that, the minimum investment required to apply for the IPO is Rs 14,904.

Kalpataru IPO Key Dates

The IPO was opened on June 24 and will be closed on June 26. Its allotment will be finalised on June 27, while listing will take place on both BSE and NSE on July 1.

Kalpataru IPO GMP Today

According to market observers, the GMP of the IPO currently stands at 0.72%, indicating flat or negative listing.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Kalpataru IPO: More Info

The company’s IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer for sale (OFS) component. It proposes to utilise funds for the payment of debt and general corporate purposes.

Kalpataru Ltd raised Rs 708 crore from anchor investors a day ahead of the launch of its IPO for public subscription.

Retail Individual Investors (RIIs) part got subscribed 72 per cent, while the non-institutional investors category received 45 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) fetched 17 per cent subscription.

About Kalpataru Ltd

Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also in the redevelopment of societies.

Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra.

As per the latest red herring prospectus, the company sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets.

The company sold properties worth Rs 3,201.98 crore in FY 2023-24.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More

First Published: