Kalpataru IPO Listing Date Today Live: Kalpataru’s shares hit the bourses for the first time at Rs 414 on the National Stock Exchange, which means a flat listing, while it was listed at Rs 414.10 on BSE.
Kalpataru IPO: Grey market buzz
Shares of Kalpataru traded at a premium of Rs 1.5 over the issue price in the unofficial grey market. With the IPO’s upper band fixed at Rs 414, implying a possible listing price of around Rs 415.5.
It is further important to note that GMP (Grey Market Premium) is not a formal measure. It often reflects market sentiment ahead of the listing.
Kalpataru IPO: Subscription status across all investor categories
Kalpataru IPO, which opened its bidding from June 24 to June 26, saw a good response, especially from non-institutional investors. By the end of Day 3, the issue was subscribed to 2.3 times in total.
The allotment of Kalpataru shares was finalised on June 27. On the final day of bidding, retail investors subscribed to the issue 1.43 times, while Qualified Institutional Buyers (QIBs) put in bids 3.12 times the allotted quota, showing the highest participation among all the categories.
Kalpataru IPO snapshot: Price, size, and listing
The Rs 1,590 crore issue was entirely a fresh offer of 3.84 crore shares. The bidding price was set at Rs 414, and investors had to apply for a minimum lot of 36 shares, requiring an investment of Rs 14,904. The lead book runners of the issue were ICICI Securities, JM Financial, and Nomura Financial Advisory And Securities (India), while MUFG Intime India (Link Intime) was the registrar to the IPO.
About the company
Kalpataru 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 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.