Kalpataru Limited, one of the prominent real estate developers in the Mumbai Metropolitan Region in Maharashtra (MMR) and present in all its micro-markets in MMR, will open its first public offer on Tuesday at a price band of £ 387-414
Bids can be made for at least 36 shares and multiples of 36 shares afterwards. The company intends to pick up £ 1,590 crore via the IPO, which is a completely new problem.
The bidding date of the anchor investors is one working day prior to the opening date of bid/ edition, that is, Monday, June 23, 2025. The closing date of the bid/ problem will take place on Thursday 26 June 2025.
The company proposes to use the net revenue of the issue for reimbursement/pre-payment, fully or partially, of certain loans used by the company and the subsidiaries; and general business purposes.
The issue is made through the book construction process, where no less than 75% of the net issue is available for allocation on a proportional basis to qualified institutional buyers, no more than 15% for non-institutional investors and 10 percent for retail investors. A Discount of £ 38 per share is offered to eligible employees who offer in the employee reservation section (£ 15.90 crore worth shares).
A day prior to the £ 1590 Crore IPOReal estate developer based in Mumbai Kalpataru Ltd Has raised RS 708 Crore from Nine Marquee International and domestic anchor investors.
The IPO committee of the company in their meeting held on Monday the allocation of £ 171.09.783 shares to shares to anchor investors at £ 414 per share. Nine anchor investors were assigned these shares. GIC, a global long -term investor who manages the foreign reserves of Singapore, and Bain Capital, a global private investment firm, took a major part of the part of the anchor investors. Domestic and anchor investors include SBI Mutual Fund, Icici Prudential Investment Fund, SBI General Insurance, Aditya Birla Sun Life Insurance and 360 One WAM, among others.
The company proposes to use the net revenue of the issue for reimbursement/pre-payment, fully or partially, of certain loans used by the company and the subsidiaries; and general business purposes.
ICICI Securities Limited, JM Financial Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (BRLMS) Until the issue and the shares are stated on the NSE and the BSE.
Kalpataru Ltd., founded in 1988, focuses primarily on the development of luxury, premium and mid-income residential, commercial and retail projects, integrated townships, lifestyle gated communities and redevelopments in Indian cities. Kalpataru Ltd. is part of the Kalpataru group, including companies in the construction and infraring sector.
Published on June 24, 2025
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