Kalpataru IPO subscribed 35 percent on day 2; retail subscription at 72 percent
Kalpataru, a real estate developer, received a 35% subscription on the second day of its IPO, with bids for 79,59,780 shares against 2,28,26,516 shares on offer. The company has raised Rs 708 crore from anchor investors and plans to use it for debt payment and general corporate purposes. The IPO will end on Thursday with a price band of Rs 387-414 per share.