Kalpataru Limited IPO 2025: Review, Price, Allotment Details

The Kalpataru Limited IPO is set to launch in 2025, presenting investors with an opportunity to participate in India's real estate development sector. With a fresh issue of equity shares valued at ₹1,590 crore, this IPO comes at a time when India's real estate sector is showing renewed growth potential. Founded in 1988 in Mumbai, Maharashtra, Kalpataru Limited is one of the growing real estate development companies.

IPO Dates for Kalpataru Limited

The Kalpataru Limited IPO dates are yet to be announced by the company. Kalpataru IPO dates are yet to be announced. The allotment for the Kalpataru IPO is expected to be finalized on [date to be announced]. The IPO listing will be on both BSE and NSE.

Note: IPO dates, price band, and lot size are pending official announcement from the company.

IPO Details Summary

About Kalpataru Limited IPO

Kalpataru Limited is one of the growing real estate development companies, founded in 1988 in Mumbai, Maharashtra. The promoters of the company are Mofatraj P. Munot and Parag M. Munot. The company operates in the real estate development sector, focusing on residential and commercial projects across India.

Financial Performance of Kalpataru Limited

The company's financial performance shows challenging trends in recent years:

Amount ₹ in Crores

Performance Analysis

Kalpataru Limited faces significant financial challenges with consistent losses over the past three years. The company's revenue fluctuated substantially, dropping from ₹3,716.6 crores in FY23 to ₹2,029.9 crores in FY24. The high debt burden of ₹10,688.3 crores against a net worth of ₹1,028.2 crores indicates leveraged operations typical in the real estate sector.

IPO Share Reservation

The IPO share allocation follows standard SEBI guidelines:

Sector Comparison

Know Before Investing

Risks

• Financial Performance Concerns: Consistent losses over three years with PAT of -₹113.8 crores in FY24, -₹226.8 crores in FY23, and -₹121.6 crores in FY22.

• High Debt Burden: Total borrowings of ₹10,688.3 crores against net worth of ₹1,028.2 crores indicate high leverage and financial stress.

• Revenue Volatility: Significant revenue fluctuations from ₹1,248.6 crores (FY22) to ₹3,716.6 crores (FY23) to ₹2,029.9 crores (FY24).

• Real Estate Sector Risks: Cyclical nature of real estate market, regulatory changes, and economic sensitivity.

• Working Capital Intensive: Real estate projects require substantial working capital and have long gestation periods.

• Market Competition: Intense competition from established players and new entrants in real estate sector.

• Regulatory Compliance: RERA compliance, environmental clearances, and changing government policies affecting real estate sector.

Strengths

• Established Brand: Founded in 1988 with over 35 years of experience in real estate development.

• Experienced Promoters: Led by experienced promoters Mofatraj P. Munot and Parag M. Munot with deep industry knowledge.

• Strategic Location: Mumbai-based operations providing access to one of India's largest real estate markets.

• Debt Reduction Focus: IPO proceeds primarily aimed at debt reduction which could improve financial health.

• Diversified Portfolio: Presence across residential and commercial real estate segments.

• Market Opportunity: Benefits from India's urbanization trends and growing housing demand.

• Strong Lead Managers: Backed by reputable investment banks including ICICI Securities, JM Financial, and Nomura.

How to Apply for Kalpataru Limited IPO?

Step-by-step guide (when IPO opens):

--> Login to your broker app (Zerodha, Angel One, Groww, etc.)

--> Go to the IPO section and select Kalpataru Limited IPO

--> Click "Apply"

--> Enter:

• Lot size (minimum as per announcement)

• Bid price (within price band or select Cut-Off)

• Your UPI ID

--> Submit the application

--> Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)

⏰ Important: Mandate must be approved before 5 PM on the same day or before IPO closes.

How to Check Kalpataru Limited IPO Allotment Status?

You can check allotment status through BSE/NSE and the registrar portal once the IPO opens.

Check On BSE/NSE

• Visit the NSE or BSE Official Website

• Navigate to IPO Allotment Section

• Select Kalpataru Limited IPO

• Enter PAN number or application number

• Submit details to get allotment status

Check On Registrar Portal

• Visit MUFG Intime India Private Limited website

• Select IPO allotment status

• Choose Kalpataru Limited IPO

• Enter PAN or application number

• Submit to check status

Company Address

Name : Kalpataru Limited

Address : 91, Kalpataru Synergy, Opposite Grand Hyatt, Santa Mumbai, Maharashtra

Phone : +91 22 3064 5000

Email : investor.cs@kalpataru.com

Website : http://www.kalpataru.com/

IPO Registrar

Name : MUFG Intime India Private Limited (Link Intime)

Address : Link Intime India Private Ltd, C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083

Phone : +912249186270

Email : kalpataru.ipo@linkintime.co.in

Website : https://in.mpms.mufg.com/Initial\_Offer/public-issues.html

Conclusion

Kalpataru Limited brings a risky proposition in India’s real estate sector. Despite its established presence and seasoned leadership, the company’s persistent losses and heavy debt load raise red flags. While IPO proceeds aimed at debt reduction are a positive step, profitability remains uncertain.

With sector cyclicality and financial pressure, this IPO suits only aggressive investors with a long-term view. Conservative investors may prefer to stay cautious.

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Disclaimer : This analysis is for educational purposes only and should not be considered as financial advice. Please consult with your financial advisor before making any investment decisions. Real estate sector investments carry higher risks and volatility.