Kalpataru IPO: Price Band, Issue Details, Listing Date, Financials, Peer Comparison, Risks & More — DRChoksey

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Deven Choksey Report

Kalpataru Ltd. will launch its initial public offering on June 24 and the offer closes for subscription on June 26. The real estate development company has fixed the price band for the IPO at Rs 387 to Rs 414 per share.

The Rs 1,590 crore IPO comprises entirely of fresh issue and the investors can bid for a minimum of 36 shares, and then in multiples thereof.

ICICI Securities Ltd., JM Financial Ltd., and Nomura Financial Advisory and Securities (India) Pvt. Ltd. are the book-running lead managers to the issue.

Objects of the Offer

1. Repayment or prepayment of certain borrowings availed by company.

2. Repayment or prepayment of certain borrowings availed by its subsidiaries.

3. General corporate purposes.

Outlook:

The sector outlook remains optimistic, supported by favorable demographic trends, urbanization, and rising nuclear households. New project launches are expected to remain concentrated among organized developers with strong execution capabilities. Cities like Hyderabad, Bengaluru, Noida, and Surat are gaining traction as secondary hubs for expansion beyond MMR and Pune.

Infrastructure investments, such as expressways, regional airports, and mass transit systems, will continue to shape micro-market demand patterns.

Additionally, sustainability certifications (LEED, IGBC) and digital transformation in sales and construction processes are gaining importance across the real estate value chain.

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