Allotment today

Kalpataru Limited IPO

Kalpataru Limited is a prominent real estate development company based in Mumbai, engaged in residential, commercial, and mixed-use projects across India. With a legacy rooted in the Kalpataru Group, which began operations in 1969, the company has established itself as a trusted brand in the Indian real estate sector.

DRHP Check Allotment Status

Min Investment

₹14,904

Lot Size

36 Shares

Price Range

₹414.0

Issue Size (₹ Cr.)

₹1,590.0

IPO Type

BSE NSE, Mainboard

Key Metrics

Face Value

₹ 10

GMP

₹ 3.0

Subscription

2.31x

EPS

₹ 0.02

P/E Ratio

22582.21 x

RoNW

-9.80%

ROE

Debt to Equity (₹ Cr.)

Timeline

IPO Opened24/06/2025Tuesday

IPO Closed26/06/2025Thursday

AllotmentToday

Refund30/06/2025Monday

Listing01/07/2025Tuesday

Strengths

Strong Group Legacy Backed by the Kalpataru Group, which has over five decades of experience in real estate, EPC, infrastructure, and logistics, lending trust and operational depth to the company.
Diversified Development Portfolio Active across residential, commercial, and township segments, with projects in multiple cities—allowing the company to balance market-specific risks and opportunities.
Integrated Project Execution The company controls the entire development lifecycle—from land acquisition to design, construction, sales, and marketing—resulting in tighter cost and quality control.
Strategic Debt Reduction Plans The IPO is largely aimed at reducing outstanding debt, which could improve the company’s balance sheet, lower interest costs, and boost financial flexibility.
Land Banks in Growth Regions Holding undeveloped land in emerging real estate hubs like Surat, Nagpur, and Udaipur positions it for future expansions and long-term value creation.

Weaknesses

High Industry Cyclicality Real estate demand is highly sensitive to interest rates, economic cycles, and regulatory changes—factors beyond the company’s control that can directly impact sales and margins.
Significant Debt Burden (Pre-IPO) Before the IPO, the company carried a notable debt load, limiting its financial flexibility and increasing exposure to rising interest costs.
Geographic Concentration Risk A large portion of current and planned projects are focused in western India, particularly the Mumbai Metropolitan Region, which can amplify regional market volatility.
Execution Risks Delays in construction, approvals, or sales due to regulatory bottlenecks or operational inefficiencies could impact timelines and profitability.
Limited International Exposure The company currently lacks international projects or partnerships, potentially limiting its growth avenues in a rapidly globalizing real estate environment.