Kalpataru Limited IPO
Kalpataru Limited IPO opens on June 24 to raise ₹1,590 crore. The real estate firm offers a fresh issue of 3.84 crore shares at ₹387–₹414 per share. The IPO proceeds will b ...
Read moreIPO Timeline
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24 Jun 2025Bidding Starts
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26 Jun 2025Bidding Ends
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27 Jun 2025Allotment Finalization
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30 Jun 2025Refund Date
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30 Jun 2025Demat Date
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01 Jul 2025Listing Date
Kalpataru Limited IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2022 | 13,410.57 Cr | 1,248.55 Cr | -125.36 Cr |
| 31 Mar 2023 | 12,540.77 Cr | 3,716.61 Cr | -229.43 Cr |
| 31 Mar 2024 | 13,879.43 Cr | 2,029.94 Cr | -116.51 Cr |
| 31 Dec 2024 | 15,562.35 Cr | 1,699.49 Cr | 5.51 Cr |
About Kalpataru Limited IPO
About Kalpataru Limited
Founded in 1988, Kalpataru Limited specializes in residential and commercial real estate projects. Its portfolio includes luxury homes, premium and mid-i
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Market Presence and Ranking
According to data released by the company, Kalpataru ranks as the 5th largest real estate developer in the Municipal Corporation of Greater Mumbai (MCGM) region and holds the 7th position in Thane, Maharashtra, based on the number of housing units delivered between 2019 and December 31, 2024.
In addition to its strong presence in MMR, Kalpataru also operates in Pune, Hyderabad, Bengaluru, Indore, and Jodhpur, expanding its footprint across key Indian cities.
The Kalpataru Group Legacy
Kalpataru Limited is part of the Kalpataru Group, which was established in 1969 by Mr. Mofatraj P. Munot. Over the years, the group has grown into a diversified conglomerate with a presence in over 75 countries. Its business interests span power transmission and distribution, railways, oil and gas, and civil infrastructure.
Notably, one of its group companies, Kalpataru Projects International Limited, is already listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Strengths and opportunities
Dominant MMR market position: The company is the 5th largest developer in the MCGM region and the 7th largest in Thane by units supplied (CY19-Dec2024), with a presence across all micro-markets in the MMR. The company has 73 completed projects totalling 15.03 msf of developable area, with 93.63% concentrated in the premium MMR and Pune markets.
Premium brand command & pricing power: The "Kalpataru" brand, backed by 55 years of group legacy, enables significant pricing premiums of 2-29% over sub-market averages across locations. This strong brand recognition facilitates exceptional pre-sales performance, with 94.74% average sales achieved before occupancy certificates and 60.25% sales within the first year of project launches.
Risks and Threats
High dependency on Mumbai-Pune markets: 94.84% of real estate projects are concentrated in the Mumbai Metropolitan Region (MMR) and Pune as of Dec 2024. Limited geographic diversification exposes the company to localised risks, including natural disasters, political changes, and regulatory shifts.
Project execution delays: Long gestation periods with multiple ongoing projects showing extended timelines. Several projects have been running for 5-9 years (e.g., Amoda Reserve: 9 yrs 9 months). Risk of RERA penalties and customer litigation due to delivery delays.
Kalpataru Limited IPO Objective
The money raised from the IPO will be used towards the following objectives:
- Repayment of borrowing (75%): The company will use ₹1,192.5 crore to repay borrowings availed by it and its subsidiaries.
- General corporate purposes (25%): Part of the IPO proceeds will be used for general corporate purposes.
Kalpataru IPO Promoter Holding
Mofatraj P. Munot and Parag M. Munot are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 81.30% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
FAQs
How to apply in Kalpataru IPO through Zerodha?
Zerodha customers can apply in Ellenbarrie Industrial Gases IPO by login into Zerodha KITE and See bids section then submitting an IPO application form.
When Kalpataru IPO will open?
The Kalpataru IPO opens on June 24, 2025 and closes on June 26, 2025.
What is the lot size of Kalpataru IPO?
Kalpataru IPO lot size is 36, and the minimum amount required is ₹14,904.
When is Kalpataru IPO allotment?
The finalization of Basis of Allotment for Kalpataru IPO will be done on Friday, June 27, 2025, and the allotted shares will be credited to your demat account by Monday, June 30, 2025.
When is Kalpataru IPO listing date?
The Kalpataru IPO listing date is not yet announced. The tentative date of Kalpataru IPO listing is Tuesday, July 1, 2025.
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