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Kalpataru IPO
Price Band
₹387.0–414.0
Issue Size
₹1590.0 Cr
Lot Size
36 shares
Min Investment
₹14,904
GMP
+₹1.5 (0.36%)
Issue Price
₹414.0
Kalpataru IPO AI Summary
- Kalpataru IPO is listed on BSE, NSE in the Residential, Commercial Projects sector.
- Price band: ₹387.0–₹414.0 per share, lot size 36 shares (min. investment ₹14,904).
- Subscription window: 24 Jun–26 Jun 2025, listing on 01 Jul 2025.
- Current GMP is +₹1.5 (0.36%), an estimated listing price of ₹416 — unofficial and can change daily.
Kalpataru Limited is a real estate development company with a diverse portfolio in residential and commercial projects. The IPO aims to raise ₹1,590 Cr, primarily for debt repayment and corporate purposes. Investors should carefully consider the company's financial performance and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Kalpataru IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Jun 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Kalpataru IPO Grey Market Premium (GMP) Today
GMP
+₹1.5
GMP %
+0.36%
Est. Listing
₹415.5
Updated: 25 Jul 2026 14:14
About the Company
Kalpataru Limited, founded in 1988, is a real estate development company based in Mumbai, Maharashtra. The company specialises in developing residential and commercial properties, retail spaces, and integrated townships across several Indian cities, including Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Kalpataru Limited is part of the Kalpataru Group, which includes Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and their respective subsidiaries, among others. As of March 31, 2024, the company has 40 ongoing projects and has completed 70 projects.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 15,562.35 | 13,879.43 | 12,540.77 | 13,410.57 |
| Total Income | 1,699.49 | 2,029.94 | 3,716.61 | 1,248.55 |
| Profit After Tax | 5.51 | -116.51 | -229.43 | -125.36 |
| EBITDA | 101.67 | -78.01 | -49.67 | -35.98 |
| NET Worth | 1,579.54 | 1,028.23 | 1,221.89 | 1,429.01 |
| Total Borrowing | 11,056.40 | 10,688.31 | 9,679.64 | 10,365.97 |
Key Ratios
EPS
₹-6.96
NAV
₹72.96
RoNW
-10.15%
P/B Value
5.62
P/E Ratio
-59.52
Market Cap
₹8524.07 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Prestige Estates Projects Ltd. | 281.59 | 12.17% | 50.12 | 34.28 | 34.28 |
| Keystone Realtors Limited | 157.85 | 6.24% | 69.48 | 9.85 | 9.82 |
| Mahindra Lifespace Developers Ltd. | 120.82 | 5.25% | 88.4 | 6.34 | 6.34 |
| Sunteck Realty Ltd. | 213.28 | 2.27% | 115.97 | 4.99 | 4.99 |
| Godrej Properties Ltd | 359.39 | 7.26% | 112.18 | 26.09 | 26.08 |
| Macrotech Developers Limited | 175.66 | 8.87% | 77.82 | 16.03 | 15.99 |
| Oberoi Realty Ltd. | 380.76 | 13.92% | 33.75 | 52.99 | 52.99 |
| Kalpataru Limited This IPO | 73.63 | -9.8% | — | -7.21 | -7.21 |
Promoters
Mofatraj P.Munot and Parag M.Munot
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/pre-payment, in full or in part, of certain borrowings availed by: Company Subsidiaries 1,192.50 2 General Corporate Purposes 311.36 3 Issue Expenses 86.14 Total 1,590.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,248.55 Cr in the period ending March 31, 2022, increasing to ₹3,716.61 Cr by March 31, 2023, before declining to ₹2,029.94 Cr by March 31, 2024. The most recent figure of ₹1,699.49 Cr as of December 31, 2024, shows a decrease compared to the previous full year, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was negative at ₹-125.36 Cr in the period ending March 31, 2022, worsening to ₹-229.43 Cr by March 31, 2023. The loss continued with a Profit After Tax of ₹-116.51 Cr for the year ending March 31, 2024, and a small profit of ₹5.51 Cr as of December 31, 2024.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that the stock may list at a premium to its issue price, while a negative GMP indicates the opposite. Investors often consider GMP as a sentiment indicator for the IPO market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio and market conditions. It's important to assess the company's fundamentals and growth potential before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid this IPO, especially given the company's recent financial performance and negative profit figures.
IPO Timeline, Explained
The IPO opens for subscription on June 24, 2025, and closes on June 26, 2025. Allotment of shares will be done on June 27, 2025, and the shares are expected to be listed on the stock exchange on July 1, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. It is important to consider the inherent risks of trading on the listing day.
This evaluation is generated from Kalpataru's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Kalpataru IPO GMP today?
Kalpataru IPO GMP today is +₹1.5 (0.36%), indicating an estimated listing price of ₹416. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Kalpataru IPO?
The price band of Kalpataru IPO is ₹387.0–₹414.0 per share.
When does Kalpataru IPO open and close?
Kalpataru IPO opens on 24 June 2025 and closes on 26 June 2025.
When does Kalpataru IPO list on the stock exchange?
Kalpataru IPO listed on 01 July 2025 at ₹415.5.
What is the lot size for Kalpataru IPO?
The lot size for Kalpataru IPO is 36 shares, requiring a minimum investment of ₹14,904.
What is the price band for the Kalpataru IPO?
The price band for the Kalpataru IPO is ₹387 to ₹414.
What is the lot size for the Kalpataru IPO?
The lot size for the Kalpataru IPO is 36 shares.
What is the minimum investment required for the Kalpataru IPO?
The minimum investment required is ₹14,904.
When is the listing date for the Kalpataru IPO?
The listing date for the Kalpataru IPO is July 1, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jun 2025
Close
26 Jun 2025
Allotment
27 Jun 2025
Listing
01 Jul 2025
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