The basis of allotment for the ₹1590 crores Kalpataru IPO will be announced today, 27 June 2025. The bidding window was open from June 24, 2025, to June 26, 2025, during which the IPO received 5,15,74,176 bids against 2,28,26,516 total shares offered.
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Kalpataru IPO is a book-building issue of ₹1,590.00 crores, consisting entirely of a fresh issue of 3.84 crore equity shares. The price band is set between ₹387 and ₹414 per share.
Book-running lead managers for the IPO are ICICI Securities Limited, JM Financial Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, and MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
The net proceeds from the fresh issue will be used towards the following objectives:
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As of 27 June 2025, Kalpataru IPO’s GMP stood at ₹3. The estimated listing price is ₹417, i.e., a 0.72% gain per share over the upper price band.
Source: Business Standard Report dated 27 June, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Kalpataru is a real estate development company that provides different types of services, including land acquisition (or development rights), master planning, architecture and design, construction, project execution, and sales and marketing.
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