Kalpataru IPO Makes Flat Market Debut at Rs 414, Exploring Details on its Subscription and Market Response

Kalpataru's shares made their debut on the bourses at Rs 414 on the National Stock Exchange and Rs 414.10 on the BSE, marking a flat listing. The company's shares traded at a premium of Rs 1.5 over the issue price in the grey market, with a possible listing price of around Rs 415.5, according to the upper band fixed at Rs 414. The issue was subscribed to 2.3 times in total, with retail investors subscribing 1.43 times and Qualified Institutional Buyers (QIBs) participating 3.12 times. The Rs 1,590 crore issue was a fresh offer of 3.84 crore shares, with a minimum investment requirement of Rs 14,904.

Key Takeaways:

• Kalpataru IPO made a flat market debut at Rs 414 on the National Stock Exchange and Rs 414.10 on the BSE.
• The company's shares traded at a premium of Rs 1.5 over the issue price in the grey market.
• The issue was subscribed to 2.3 times in total, with retail investors subscribing 1.43 times and QIBs participating 3.12 times.
• The Rs 1,590 crore issue was a fresh offer of 3.84 crore shares, with a minimum investment requirement of Rs 14,904.
• The lead book runners of the issue were ICICI Securities, JM Financial, and Nomura Financial Advisory And Securities (India).
• Kalpataru is a real estate development company specializing in developing residential and commercial properties, retail spaces, and integrated townships across several Indian cities.

Statistics:

• The Rs 1,590 crore issue was subscribed 2.3 times in total.
• Retail investors subscribed 1.43 times, while QIBs participated 3.12 times.
• The minimum investment requirement was Rs 14,904 for a lot of 36 shares.
• The issue was a fresh offer of 3.84 crore shares.

Sources:

• "Kalpataru IPO Makes Flat Market Debut at Rs 414, Exploring Details on its Subscription and Market Response" by IE Online Media Services Pvt. Ltd. (2025)
• Kalpataru IPO: Grey market buzz (emphasis added)