Kalpataru Ltd Sets IPO Price Band for Rs 1,590 Crore Initial Offering
Kalpataru Ltd, a leading real estate developer, has fixed the price band for its Rs 1,590 crore Initial Public Offering (IPO) at Rs 387 to Rs 414 per share. The IPO, which exclusively comprises fresh equity shares, aims to raise funds for debt payment and corporate purposes.
- Country:
- India
Kalpataru Ltd, a well-known name in the Mumbai real estate market, announced the price band for its upcoming Initial Public Offering (IPO) slated between June 24 to June 26, with anchor investor bidding opening on June 23.
The IPO is a new equity issue valued at Rs 1,590 crore, with shares priced between Rs 387 and Rs 414. The funds raised will primarily be used to repay debt and support general corporate initiatives.
The company has reserved 75% of the IPO for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Kalpataru aims to expand across key regions, with its shares expected to debut on the BSE and NSE on July 1.
(With inputs from agencies.)
- READ MORE ON:
- Kalpataru
- IPO
- real estate
- public offering
- Mumbai
- shares
- investors
- equity
- MMR
- investment
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