Kalpataru Realty’s New Chapter: A Landmark IPO for Growth

A Bold Step into the Public Market

Mumbai’s real estate landscape is set to witness a transformative moment as Kalpataru Realty prepares to make its debut on Dalal Street. On June 24, 2025, the company will launch its highly anticipated ₹1,590-crore initial public offering (IPO), marking a significant milestone in its journey as one of India’s leading real estate developers. The subscription window will remain open until June 26, with trading scheduled to commence on July 1.

Empowering the Company Through Fresh Capital

The Kalpataru IPO is structured entirely as a fresh issue, ensuring that all proceeds from the offering will directly benefit the company. This strategic decision is designed to strengthen Kalpataru’s financial foundation, reduce its debt burden, and fuel ambitious expansion plans. The anchor book for institutional investors will open a day earlier, on June 23, with share allotment finalized by June 27.

Addressing Debt and Fueling Ambition

Kalpataru plans to utilize approximately ₹1,192.5 crore from the IPO proceeds to reduce debt across its own books and subsidiaries, addressing a total debt of ₹10,186.6 crore as of April 2025. The remaining funds will be allocated for general corporate purposes, supporting the company’s ongoing growth and operational needs.

A Legacy of Excellence and Expansion

With a strong presence in the Mumbai Metropolitan Region, Kalpataru stands tall among industry peers such as Oberoi Realty, Lodha Developers, Godrej Properties, Keystone Realtors, Prestige Estates Projects, Sunteck Realty, and Mahindra Lifespace Developers. As of December 2024, the company boasts a portfolio of 120 completed projects, spanning over 25.87 million square feet of developable area across Maharashtra, Telangana, Madhya Pradesh, Karnataka, and Rajasthan.

Guided by Industry Leaders

The IPO is being managed by leading financial institutions—ICICI Securities, JM Financial, and Nomura Financial Advisory and Securities (India)—who bring their expertise as book running lead managers to ensure a successful public offering.

A Gateway for Investors

Kalpataru’s IPO marks a pivotal moment for investors seeking to participate in the growth story of a robust, pan-Indian real estate developer. As the company embarks on this new chapter, it reaffirms its commitment to excellence, innovation, and sustainable growth.