Kalpataru IPO Allotment Status: How To Check On NSE, BSE, And MUFG Intime India?

Kalpataru IPO share allotment status is expected to be finalised on June 27, following the close of the subscription window.

The initial public offering of Kalpataru Ltd. was subscribed 2.26 times on its final day, with bids led by qualified institutional investors. The IPO was subscribed 35% on its second day of bidding on Wednesday and 0.09 times or 9% on its first day of bidding on Tuesday.

Among investor categories, retail bidders subscribed their category 1.29 times, while Qualified Institutional Buyers (QIBs) subscribed the issue 3.12 times. The Non-Institutional Investors (NIIs) segment saw a subscription of 1.31 times the amount. The employees’ quota was booked 70%.

Processing of refunds and transfer of shares to Demat accounts will be done on June 30. The Kalpataru IPO listing date has been tentatively scheduled for July 1. Shares of the company will be listed on the NSE and BSE.

• Visit the IPO allotment status page on MUFG Intime India Pvt. website - https://in.mpms.mufg.com/Initial_Offer/public-issues.html.

• Select Kalpataru Ltd. from the dropdown list for company names.

• Choose your preferred search method – Application Number, DP/Client ID, PAN, or Account/IFSC.

• Enter the relevant details as per your selection.

• Complete the CAPTCHA verification.

• Click Submit to view your allotment status.

• Visit the IPO allotment status page on the NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Select ‘Equity & SME IPO bid details’.

• Select 'Kalpataru' as the issue symbol.

• Enter PAN and Application Number.

• Click on the ‘Submit’ button. 

• Visit the IPO allotment status page on BSE website: https://www.bseindia.com/investors/appli_check.aspx

• Select ‘Equity’ as the issue type.

• Select 'Kalpataru Ltd.' as the ‘Issue Name’.

• Enter Application Number or PAN.

• Complete the Captcha verification and click on the ‘submit’ button.

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The price band for the mainboard IPO was fixed at Rs 387 to Rs 414 per share. The Rs 1,590-crore IPO consisted entirely of a fresh issue of 3.84 crore equity shares.

Established in 1988 and headquartered in Mumbai, Kalpataru Limited is a real estate development company. The company plans to utilise the net proceeds from the IPO to partially or fully repay certain borrowings taken by itself and its subsidiaries, and to fund general corporate purposes.

According to Investorgain, the latest grey market premium (GMP) for the Kalpataru IPO was Rs 3 per share. Based on the upper end of the price band of Rs 414, the estimated listing price is Rs 417. This suggests an expected gain of around 0.72% per share on listing.

Note: GMP does not represent official data and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.