According to NSE data, the issue received bids for 20,35,764 shares against the 2,28,26,516 shares on offer. The retail individual investors (RIIs) portion saw a 33% subscription, while the non-institutional investor (NII) segment was subscribed to 10%.
Yesterday, Kalpataru said it has garnered ₹708 crore from anchor investors. The company has fixed a price band of ₹
387-414 per share for its IPO. Kalpataru’s IPO will conclude on June 26.
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The company’s IPO is entirely a fresh issue of equity shares worth ₹1,590 crore with no offer for sale (OFS) component. It proposes to utilise funds for the payment of debt and general corporate purposes.
Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also in the redevelopment of societies.
Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra.
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