Kalpataru Limited IPO: 10 Key Things to Know Before Investing

Founded in 1988, Kalpataru Limited has established a strong track record in developing high-quality real estate projects across India. Operating in cities like Mumbai, Pune, Hyderabad, Bengaluru, and more, the company caters to a wide income spectrum - from mid-income to luxury segments.

Kalpataru’s key strengths lie in:

• Diversified portfolio - across residential, commercial, and retail spaces.

• In-house development model - controlling everything from land acquisition to sales.

• Green building initiatives - with a focus on sustainability as a founding member of IGBC. 
  With 40 ongoing projects and 70 completed developments, Kalpataru offers long-term visibility backed by 24.83 million sq. ft. under development and another 16.33 million sq. ft. in pipeline (as of Dec 2024). 

Here are the key details of the IPO:

• IPO dates: June 24th - 26th, 2025

• Listing date: July 1st, 2025

• Price band: ₹387 - ₹414 per share

• Total issue size: ₹1,590 Cr

• Face value: ₹10 per share

• Listing Exchange: BSE, NSE

• Lot Size: 36 Shares

• Promoters: Mofatraj P. Munot and Parag M. Munot 

The minimum investment required to apply for Kalpataru Limited IPO is ₹13,932, based on the lot size of 36 shares at the lower price band of ₹387 per share. 

To increase your allotment chances, applying at the upper band is recommended, which would cost ₹14,904 (36 shares at ₹414 per share). 

Kalpataru Limited is one of India’s premier real estate companies with a legacy of over 55 years in the industry.

• Services: Real estate development across residential, commercial, retail, and township projects.

   

• Presence: Strong foothold in Mumbai, Pune, Bengaluru, Hyderabad, Indore, and Jodhpur.

• Group Strength: Part of the Kalpataru Group, which includes Kalpataru Projects International Limited and Shree Shubham Logistics Limited. 
  The company’s focus on design, timely delivery, and sustainable construction makes it a trusted brand among homebuyers. 

The primary objectives of Kalpataru’s IPO are:

• Repayment or prepayment of certain borrowings by the company and its subsidiaries.

• General corporate purposes, aimed at strengthening the balance sheet and enhancing growth capabilities. 

The IPO reservation structure generally follows:

• QIB Shares Offered: Not less than 75% of the Issue

• Retail Shares Offered: Not more than 10% of the Issue

• NII (HNI) Shares Offered: Not more than 15% of the Issue

Strengths:

• Over five decades of brand trust and industry experience.

• Diversified presence across major Indian cities and income groups.

• In-house control over design, construction, and sales operations.

• Large land bank and ongoing projects ensure visibility for future growth.

• Focus on sustainability and green buildings.

Risks:

• The company has reported net losses in FY23 and FY24.

• Rising costs of raw materials like cement and steel may affect profitability.

• Labour disruptions or high attrition may delay project execution.

• Recent debt restructuring indicates prior financial strain. 

The company’s recent financials (₹ in Cr) are as follows: 

While the company has shown recovery in the recent quarter (Dec 2024), consistent profitability remains a concern to monitor. 

• Basis of allotment: June 27, 2025

• Refund initiation: June 30, 2025

• Shares credited to demat accounts: June 30, 2025

• Listing date: July 1, 2025 

Kalpataru Limited brings with it a rich legacy, strong brand value, and a robust project pipeline. Its emphasis on sustainability and in-house execution adds to its long-term appeal. However, investors should be mindful of recent financial losses and sector-specific risks like rising input costs and regulatory delays.

Evaluate your investment goals and risk appetite before applying to the Kalpataru IPO.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before investing.