1 year ago
Kalpataru Ltd Raises ₹708 Crore from Investors Before IPO
Kalpataru Ltd, a real estate developer, is launching an IPO to raise money.
Before the IPO starts, they got ₹708 crore from big investors.
The IPO will sell new shares at a price between ₹387 and ₹414 each.
They are aiming to raise about ₹1,590 crore.
The money will be used to pay off debts and for the company's general needs.
Major investors like GIC and Bain Capital are involved.
The company develops residential, commercial, and township projects.
Kalpataru Ltd raised ₹708 crore from anchor investors before its IPO.
The IPO price band is set between ₹387 and ₹414 per share.
The IPO will raise up to ₹1,590 crore through a fresh issue of equity shares.
Funds raised will be used for debt repayment and general corporate purposes.
Anchor investors include GIC, Bain Capital, SBI Mutual Fund, and ICICI Prudential Mutual Fund.
- Who
- Kalpataru Ltd, anchor investors like GIC and Bain Capital, and potential investors.
- What
- Kalpataru Ltd is launching an IPO and raised funds from anchor investors.
- Where
- The company's projects are primarily located in the Mumbai Metropolitan Region (MMR), Pune, Hyderabad, and Noida.
- When
- The IPO is scheduled to open on June 24 and conclude on June 26, 2025.
- Why
- To raise funds for debt repayment and general corporate purposes.
Key facts
- Company
- Kalpataru Ltd
- IPO Amount
- ₹1,590 crore
- Anchor Investment
- ₹708 crore
- Price Band
- ₹387 - ₹414 per share
- IPO Launch Date
- June 24, 2025
- IPO Closing Date
- June 26, 2025
- Use of Proceeds
- Debt repayment and general corporate purposes
Sources
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Kalpataru Ltd raises ₹708 crore from anchor investors
