Kalpataru IPO to open Tuesday: 10 key things you need to know about RHP before subscribing to £ 1590 Crore issue | Einsmark news

Kalpataru IPO in focus today: Kalpataru’s initial public offer (IPO) is scheduled to kick off on Tuesday, June 24 for subscription and will remain open until Thursday, June 26. The company wants to hold a £ 1.590 crore through the offer, which is a whole new problem of 3.84 crore shares. The IPO price tire is at £ 387 at £ 414 per share. Of the total offer, 75% is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt. Ltd. Are the general managers of the Kalpataru IPO, while MUFG INGIGHT INDIA PRIVATE LIMITED (Call Intime) The registrar is for the edition. Let’s look at some of the key points that are in Laxmi Kalpataru’s RHP: 1, about the company Kalpataru Limited, a real estate developer in Mumbai, with more than three decades of presence in the segments for residential and commercial property. It has developed numerous projects across Maharashtra, especially in the Mumbai Metropolitan Region (MMR) and Pune. 2. More than 500 hectares of land are currently under different development phases on 31 March 2024, and the company had 511.62 hectares of land in different development phases, which amounted to 49.77 MSF developable area. The ongoing projects, upcoming projects and planned projects amounted to 267.24 hectares, 121.32 hectares and 123.06 hectares respectively, with a correspondingly developable area of ​​22.02 MSF, 19.93 MSF and 7,81 MSF respectively. The company also intends to complete and sell these projects within their respective grids to earn these land packs. 3. Details of the Land Bank on March 31, 2024 had Kalpataru five land reserves that were combined to 1,886,10 hectares. The country reserves were in Surat, Gujarat; Pune, Maharashtra; Nagpur, Maharashtra; Udaipur, Rajasthan; and Shirol, Maharashtra. 4. Work with Premier Property Developers Kalpataru Limited work in some of India’s most competitive real estate markets, especially the Mumbai Metropolitan Region (MMR) and Pune, which still remain the primary focus areas. According to the Anarock report, Kalpataru’s most important competitors in the areas where it currently works include prominent real estate developers such as Lodha Group, Godrej Properties Limited, Rustomjee Group, Oberoi Realty, Mahindra Lifespace Developers, Prestige Estates and Suntek Realty. 5. Premium and Middle Segment housing drives Kalpataru’s portfolio. The company focuses on developing luxury, premium and middle -income residential, commercial and retail projects; Integrated townships; Lifestyle -of -fenced communities; and redevelopment. For its residential developments, it builds and sells a wide variety of properties, including villas, duplex, apartments and plots of different sizes, with a primary focus on luxury, premium and middle-income property. On March 31, 2024, 67.71% of the developable area of ​​the residential projects within the development portfolio within the MMR, which was combined to 33.69 MSF developable area. 6. Risk factors to look at one of the most important risks highlighted in the RHP are the geographical concentration of Kalpataru, especially in the Mumbai Metropolitan Region (MMR) and Pune. Any adverse developments such as delays in the regulatory, policy changes or slowdown in these areas can significantly affect the performance of the business. In addition, the real estate sector is very sensitive to interest rate movements, customer sentiment and availability of financing. 7. Financial statements In FY24, the company reported an income of £ 1,930 crore and a custom ebitda of £ 449 crore, but achieved a net loss of £ 113.8 crore. FY23 revenue was higher at £ 3.633 crore due to one-time land sales and subsidiary contributions, although the company still incurred a loss of £ 226.7. 8. Objectives of the edition Kalpataru intend to raise £ 1.590 crore through a new issue of equity shares in its IPO. The proceeds will be used to repay or repay loans, to obtain land and development rights, to meet general corporate needs and to support the growth of its subsidiaries. 9. IPO -Lot size and cost for retail investors Retail investors can apply for at least 36 shares in one premises and can apply for up to 13 lots. At the top of the IPO price band (£ 414), retail investors must make a minimum investment of £ 14,904 per lot. 10. Allocation and listing contain details that the granting of shares for the Kalpataru IPO is expected to be completed on Friday 27 June 2025. Preliminary listing on both the BSE and NSE is scheduled for Tuesday, July 01, 2025. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions.