Kalpataru IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Mon Jun 23 2025

Kalpataru IPO is open for bidding on 24th June 2025. It is a bookbuilding IPO of 3.84 crore shares and entirely a fresh issue worth ₹1,590.00 crore. The issue will be listed on NSE and SME on its tentative listing date, 1st July 2025.
Kalpataru IPO Details
Kalpataru IPO date is fixed between 24th June 2025 and 26th June 2025. The face value of Kalpataru Limited shares stands at ₹10 per share, and the IPO price band is fixed at ₹384 to ₹414 per share.
MUFG Intime Private Limited is the registrar of the Kalpataru IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 24th June 2025 |
IPO Close Date | 26th June 2025 |
IPO Allotment Date | 27th June 2025 |
Refund Initiation | 30th June 2025 |
Issue Size | 3,84,05,797 shares (worth ₹1,590.00 crore) |
Face Value | ₹10 per share |
Lot Size | 36 shares |
Issue Price Band | ₹384 to ₹414 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | 1st July 2025 |
Kalpataru IPO Share Reservation
Kalpataru IPO is a bookbuilding IPO issue of 3.84 crore shares worth ₹1,590.00 crores. Kalpataru Limited shares will be listed on the NSE and BSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Reservation Required |
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 |
Total Shares Offered | 100% |
Kalpataru IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Kalpataru IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
23-06-2025 | ₹414 | ₹10 | ₹424 | 2.41% |
22-06-2025 | ₹414 | ₹10 | ₹424 | 2.41% |
21-06-2025 | ₹414 | ₹10 | ₹424 | 2.41% |
20-06-2025 | ₹414 | ₹0 | ₹414 | 0.00% |
19-06-2025 | ₹414 | ₹0 | ₹414 | 0.00% |
18-06-2025 | ₹414 | ₹0 | ₹414 | 0.00% |
As of 23rd June 2025, Kalpataru IPO GMP stands at ₹10 per share, which means the share will likely show a listing at ₹424 (414+10) on its tentative listing date, 1st July 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Kalpataru IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Kalpataru IPO Review

Check out the detailed Kalpataru IPO review for a thorough understanding of its potential to report listing gains on 1st July 2025. The Kalpataru IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Kalpataru IPO.
Kalpataru Limited’s revenue fell 45.38% from ₹3,716.61 crores in March 2023 to ₹2,029.94 crores in March 2024. Moreover, the company’s PAT increased by 49.21% from -₹229.43 crores to -₹116.51 crores.
Kalpataru Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Kalpataru IPO for its tentative listing day, which is 1st July 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Kalpataru IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | -59.52 |
EPS (Earnings Per Share) | -6.96 |
RoNW | -10.15% |
EBITDA Margin | -4.04% |
Market Capitalisation | ₹8,524.07 cr. |
The PE ratio of Kalpataru Limited shares is -59.52, and its Earnings Per Share (EPS) stands at -6.96. Thus, the Kalpataru IPO can potentially deliver gains on its tentative listing date, 1st July 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Kalpataru Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | -59.52 | 1,160.05 |
EPS | -6.96 | 0.36 |
Kalpataru Limited Peer Comparison
Company Name | Revenue (in cr.) | PE Ratio | Face Value (in Rs) | EPS | RoNW (in %) |
Kalpataru Limited | 2,029.94 | -59.52 | 10 | -6.96 | -10.15% |
Oberoi Realty Limited | 5,474.00 | 31.16 | 10 | 61.21 | 2.64% |
Macrotech Developers Limited | 10,470.00 | 53.86 | 10 | 27.70 | 17.80% |
Godrej Properties Limited | 4,334.00 | 52.29 | 5 | 46.48 | 4.80% |
Sunteck Realty Limited | 620.00 | 42.88 | 1 | 10.26 | 2.00% |
Mahindra Lifespace Developers Limited | 279.00 | 124.27 | 10 | 2.87 | 9.20% |
Keystone Realtors Limited | 2,276.00 | 39.79 | 10 | 13.64 | 14.97% |
Prestige Estates Projects Limited | 9,425.00 | 158.29 | 10 | 10.85 | 5.39% |
Kalpataru IPO Subscription Status
Kalpataru IPO is to be opened for bidding on 24th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Kalpataru IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
QIB | Yet to be announced | Yet to be announced | Yet to be announced |
NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
Total | Yet to be announced | Yet to be announced | Yet to be announced |
About Kalpataru Limited

Kalpataru Limited was incorporated in 1988 and is a Mumbai-based real estate development company. It specialises in developing commercial properties, residential projects, retail spaces, and integrated townships. Kalpataru Limited is currently working on 40 ongoing projects and has completed 70+ projects as of now. It operates in different regions such as Pune, Hyderabad, Indore, Bengaluru, Jodhpur, Thane, Mumbai, etc.
Kalpataru Limited Financials
The company’s financial analysis is essential before applying for the Kalpataru IPO. Look at the table to learn about Kalpataru Limited’s financials.
Year Ended | 31st December 2024 | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) |
Assets | 15,562.35 | 13,879.43 | 12,540.77 | 13,410.57 |
Revenue | 1,699.49 | 2,029.94 | 3,716.61 | 1,248.55 |
Profit After Tax | 5.51 | -116.51 | -229.43 | -125.36 |
Debt | 11,056.40 | 10,688.31 | 9,679.64 | 10,365.97 |
Net Worth | 1,579.54 | 1,028.23 | 1,221.89 | 1,429.01 |
Reserves and Surplus | 1,699.49 | 2,029.94 | 3,716.61 | 1,248.55 |
Explanation
Kalpataru Limited’s revenue fell 45.38% from ₹3,716.61 crores in March 2023 to ₹2,029.94 crores in March 2024. Moreover, the company’s PAT increased by 49.21% from -₹229.43 crores to -₹116.51 crores.
Kalpataru IPO Bidding Requirements
Kalpataru IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Investor Category | Lots | Shares | Amount (in Rs) |
Retail (Minimum) | 1 | 36 shares | ₹14,904 |
Retail (Maximum) | 13 | 468 shares | ₹1,93,752 |
S-HNIs (Minimum) | 14 | 504 shares | ₹2,08,656 |
S-HNIs (Maximum) | 67 | 2,412 shares | ₹9,98,568 |
B-HNI (Minimum) | 68 | 2,448 shares | ₹10,13,472 |
Use the lot size calculator to find how many shares you should apply!
Kalpataru IPO Promoter Holdings
Have a look at the table below to check the holdings of Kalpataru Limited’s promoters: Mofatraj P. Munot and Parag M. Munot.
Share Holding Pre-Issue | 100% |
Share Holding Post-Issue | 81.30% |
Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue.
Aim of Kalpataru IPO
The primary aim of the Kalpataru IPO is to raise ₹1,590.00 crores. On the other hand, Kalpataru Limited has decided to utilise these funds in different prospects. Explore some of the secondary objectives for Kalpataru IPO.
- To meet general corporate purposes.
- To repay certain borrowings.
Should I Invest in Kalpataru IPO?
“Kalpataru Limited is one of the leading real estate developers engaging in all key activities associated with realty developments. It posted bumper top line for FY23 following a special land parcel deal arrived at. The group enjoys a niche place as realty developer in MMR region. It issued equity shares worth Rs. 400 cr. to promoters at a price of Rs. 517.25 in March 2025. The company has turned the corner for 9M of FY25 and the management is confident of further improvements in its financial performance in coming years considering the projects on hand. Though prima-facie the issue appears aggressively priced, well-informed investors may park funds for the long term.”~Dilip Davda (Chief Editor at Chittorgarh)
Explore the pros and cons of Kalpataru IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Kalpataru IPO
- Growing Financials
- Healthy Shareholding Pattern
Cons of Kalpataru IPO
- High Debt
- Negative P/E
How to Apply for Kalpataru IPO?

Check the steps mentioned below to apply for the Kalpataru IPO.
- Step 1: Conduct thorough research on Kalpataru IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for two lot of 36 shares worth ₹14,904 of Kalpataru IPO.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Kalpataru IPO from more than one demat account to increase your allotment chances.
How to Check Kalpataru IPO Allotment Status?
You can check for Kalpataru IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose Kalpataru IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Kalpataru IPO allotment status.
Let’s Wrap
Kalpataru IPO is a bookbuilding issue of 3.84 crore shares worth ₹1,590.00 crores. The shares of Kalpataru Limited will be listed on NSE and BSE on its tentative listing date of 1st July 2025. Researching Kalpataru IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Kalpataru IPO
How is the Kalpataru IPO?
Ans. Currently, on 23rd June 2025, Kalpataru IPO GMP (Grey Market Premium) stands at ₹10 (2.41% up). It indicates that the estimated listing price could be ₹424 per share. It is a bookbuilding IPO of 3.84 crore shares and entirely a fresh issue worth ₹1,590.00 crore. The face value of each share of Globe Civil Projects Limited is ₹10.
What is the Kalpataru IPO price?
Ans. Kalpataru IPO price band has been set between ₹384 and ₹414 per share. Retail investors can apply for a minimum of 1 lot consisting of 36 shares worth ₹14,904. Moreover, HNIs are required to bid for a minimum of 14 lots (504 shares) worth ₹2,08,656.
Is the Kalpataru IPO good?
Ans. Kalpataru Limited’s revenue fell 45.38% from ₹3,716.61 crores in March 2023 to ₹2,029.94 crores in March 2024. Moreover, the company’s PAT increased by 49.21% from -₹229.43 crores to -₹116.51 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the Kalpataru IPO?
Ans. MUFG Intime India Private Limited is the registrar of Kalpataru IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding Kalpataru IPO allotment and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
What is the issue size of the Kalpataru IPO?
Ans. Kalpataru IPO is a bookbuilding IPO of 3.84 crore shares and entirely a fresh issue worth ₹1,590.00 crore. The issue will be listed on NSE and SME on its tentative listing date, 1st July 2025. Moreover, the IPO is set to open on 24th June 2025 and will be closed on 26th June 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Kalpataru IPO, download the Kalpataru IPO RHP and Kalpataru IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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