Kalpataru's ₹1,590 Crore IPO Concludes with Mixed Subscription Levels

1 min read Updated on 26 Jun 2025, 08:23 AM

By ScanX News Team

Overview

Kalpataru Limited's Initial Public Offering (IPO) concluded with an overall subscription of 0.35 times. The real estate developer aimed to raise ₹1,590 crore, with shares priced between ₹387-414. Subscription rates varied across investor categories: Retail Individual Investors at 0.73 times, Non-Institutional Investors at 0.45 times, and Qualified Institutional Buyers at 0.17 times. Prior to the public launch, the company raised ₹708 crore from anchor investors.

*this image is generated using AI for illustrative purposes only.

Kalpataru Limited's Initial Public Offering (IPO), which aimed to raise ₹1,590 crore, concluded its subscription period with mixed results across investor categories. The real estate developer's public issue, priced in the range of ₹387-414 per share, received an overall subscription of 0.35 times, indicating a tepid response from investors.

Subscription Details

The IPO's performance varied across different investor categories:

Investor Category	Subscription Times
Qualified Institutional Buyers (QIB)	0.17
Non-Institutional Investors (NII)	0.45
Retail Individual Investors	0.73

Anchor Investment

Prior to the public launch, Kalpataru Limited successfully raised ₹708 crore from anchor investors, demonstrating some institutional interest in the offering.

IPO Overview

Issue Size: ₹1,590 crore
Price Band: ₹387-414 per share
Subscription Period: Concluded

The muted response to Kalpataru's IPO, particularly in the QIB segment, may reflect current market sentiments or investor perceptions about the real estate sector. The retail portion, while still undersubscribed, showed relatively stronger interest compared to other categories.

As the subscription window closes, the focus will now shift to the allotment process and the company's plans moving forward. The performance of this IPO could provide insights into investor appetite for real estate stocks in the current market environment.