Kalpataru Limited has grown into one of India’s most trusted real estate development companies.
With a strong presence across Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur, Kalpataru brings thoughtful design and quality construction to life—building not just homes, but complete communities.
The company’s portfolio includes:
- 🏘️ Residential developments
- 🏢 Commercial properties
- 🛍️ Retail spaces
- 🌆 Integrated townships
As of March 31, 2024, Kalpataru has completed 70 projects and is actively working on 40 ongoing developments—a testament to its steady and forward-moving growth.
Kalpataru Limited is part of the larger Kalpataru Group, which also includes:
- Kalpataru Projects International Limited
- Property Solutions (India) Private Limited
- Shree Shubham Logistics Limited,
among other group companies with diversified capabilities in infrastructure and services.
Driven by legacy, backed by innovation, and trusted by thousands—Kalpataru continues to build spaces where life takes shape.
Kalpataru IPO – Details
| IPO Opening Date | 24 June 2025 |
| IPO Closing Date | 26 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 3,84,05,797 Shares Worth ₹1590.00 Crore Fresh Issue: 3,84,05,797 Shares Worth ₹1590.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹387 – ₹414 per share |
| Market Lot | 36 Shares |
| Min Order | 36 Shares (1 Lot) |
| Employee Discount | ₹38 |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Private Limited ((Link Intime) |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Kalpataru IPO – Date Schedule
| IPO Open Date | 24 June 2025 |
| IPO Close Date | 26 June 2025 |
| Basis of Allotment | 27 June 2025 |
| Initiation of Refund | 30 June 2025 |
| Credit of Shares to Demat Account | 30 June 2025 |
| IPO Listing Date | 01 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Kalpataru IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹1,93,752 |
| S-HNI (Min) | 14 | 504 | ₹2,08,656 |
| S-HNI (Max) | 67 | 2,412 | ₹9,98,568 |
| B-HNI (Min) | 68 | 2,448 | ₹10,13,472 |
Competitive Strength
- Strong presence in MMR and Pune, two of India’s top-performing real estate markets.
- Backed by the Kalpataru Group’s legacy, offering deep infrastructure and EPC expertise.
- Branded developments command premium, enhancing marketability and buyer trust.
- Fully integrated development model, managing every stage from acquisition to delivery.
- Experienced leadership team with over two decades of real estate expertise.
- Focus on sustainability and innovation, with green-certified and technologically advanced designs.
- Diverse and balanced project portfolio, spanning residential, commercial, and mixed-use developments.
Company Promoters
- Mofatraj P. Munot
- Parag M. Munot
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | ₹1,248.55 Cr | ₹1,387.59 Cr | -₹125.36 Cr | ₹10,365.97 Cr |
| 31 March 2023 | ₹3,716.61 Cr | ₹3,874.52 Cr | -₹229.43 Cr | ₹9,679.64 Cr |
| 31 March 2024 | ₹2,029.94 Cr | ₹2,125.28 Cr | -₹116.51 Cr | ₹10,688.31 Cr |
| 31 December 2024 | ₹1,699.49 Cr | ₹1,651.01 Cr | ₹5.51 Cr | ₹11,056.40 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity Ratio | 0.86 (as of Dec 31, 2024) |
| RoNW (Return on Net Worth) | 0.55% (Dec 2024) |
| EBITDA Margin | 6.26% (Dec 2024) |
| Adjusted EBITDA Margin | 31.77% (Dec 2024) |
| Net Asset Value per Share | ₹113.11 (as of Dec 31, 2024) |
| Earnings Per Share (EPS) | ₹0.62 (Basic), ₹0.56 (Diluted) |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company | 1192.50 |
| 2 | General corporate purposes |
Kalpataru IPO Peer Comparison
| S. No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 10 | Oberoi Realty Limited | 35.91 |
| 2 | 10 | Macrotech Developers Limited | 90.84 |
| 3 | 5 | Godrej Properties Limited | 92.10 |
| 4 | 1 | Sunteck Realty Limited | 89.64 |
| 5 | 10 | Mahindra Lifespace Developers Limited | 56.71 |
| 6 | 10 | Keystone Realtors Limited | 56.97 |
| 7 | 10 | Prestige Estates Projects Limited | 48.31 |
✅ Strengths
- Strong order book provides robust revenue visibility.
- Proven execution across multiple Indian states.
- Long-standing relationships with institutional and government clients.
- Strategic support from the Kalpataru Group’s infrastructure expertise.
- Focus on green, sustainable building practices.
⚠️ Risks
- High revenue dependence on a few key clients.
- Limited diversification into private sector real estate.
- Project execution risks due to delays or regulatory hurdles.
- Geographic concentration in MMR and Pune markets.
- Dependence on licensed use of the “Kalpataru” brand.
Kalpataru IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 81.35% |
Kalpataru IPO Prospectus
Company Contact Information
| Kalpataru Limited 91, Kalpataru Synergy, Opposite Grand Hyatt, Santa Mumbai, Maharashtra, 400055 Phone: +91 22 3064 5000 Email: investor.cs@kalpataru.com Website: http://www.kalpataru.com/ |
Kalpataru IPO Registrar
| MUFG Intime India Private Limited ((Link Intime) Phone: +91-22-4918 6270 Email: kalpataru.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Kalpataru IPO Lead Manager(s)
| 1. JM Financial Limited 2. ICICI Securities Limited 3. Nomura Financial Advisory and Securities (India) Private Limited |
Kalpataru IPO FAQs
| What is Kalpataru IPO? Kalpataru IPO is a main-board IPO. The issue is priced at ₹387 to ₹414 per equity share. The IPO is to be listed on BSE & NSE. |
| When Kalpataru IPO will open? The IPO is to open on 24 June 2025 for QIB, NII, and Retail Investors. |
| What is Kalpataru IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Kalpataru IPO? You can apply Kalpataru IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Kalpataru IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Kalpataru IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Kalpataru IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Kalpataru IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Kalpataru IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Kalpataru IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Kalpataru IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Kalpataru IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Kalpataru IPO Size? Kalpataru IPO size is ₹1590.00 Crore. |
| What is the Kalpataru IPO Price Band? Kalpataru IPO Price Band is ₹387 to ₹414. |
| What is Kalpataru IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 36 Shares with ₹14,904 while the maximum bid is 468 Shares with ₹1,93,752. |
| What is the Kalpataru IPO Allotment Date? Kalpataru IPO allotment date is 27 June 2025. |
| What is the Kalpataru IPO Listing Date? Kalpataru IPO listing date is 01 July 2025. The IPO is to be listed on BSE and NSE. |
