Kalpataru Limited's initial public offering to open on June 24, 2025

Kalpataru Limited (the “Company”), one of the prominent real estate developers in the Mumbai Metropolitan Region of Maharashtra (MMR) and present across all its micro-markets in MMR, will open its initial public offering on Tuesday, June 24, 2025.

- R Media News

The Anchor Investor Bidding Date is one Working Day prior to Bid/Issue Opening Date, that is, Monday, June 23, 2025. The Bid/ Issue Closing Date will be on Thursday, June 26, 2025.The Price Band of the Issue has been fixed from ? 387 per Equity Share to? 414 per Equity Share. Bids can be made for a minimum of 36 Equity Shares and multiples of 36 Equity Shares thereafter. The Issue consists of a fresh issue of up to such number of Equity Shares aggregating up to? 15,900 million (the “Fresh Issue”). The Company proposes to utilize the net proceeds from the Issue towards repayment/pre-payment, in full or part, of certain borrowings availed by the Company and the subsidiaries; and general corporate purposes. The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCR”) read with Regulation 31 of the SEBI ICDR Regula