MUMBAI:  Kalpataru Limited (the “Company”), one of the prominent real estate developers in the Mumbai Metropolitan Region of Maharashtra (MMR) and present across all its micro-markets in MMR, will open its initial public offering on Tuesday, June 24, 2025.

The Anchor Investor Bidding Date is one Working Day before the Bid/Issue Opening Date, that is, Monday, June 23, 2025. The Bid/ Issue Closing Date will be on Thursday, June 26, 2025.

The Price Band of the Issue has been fixed from ₹ 387 per Equity Share to ₹ 414 per Equity Share. Bids can be made for a minimum of 36 Equity Shares and multiples of 36 Equity Shares thereafter.  

The Issue consists of a fresh issue of up to such number of Equity Shares aggregating up to ₹ 15,900 million (the “Fresh Issue”).

The Company proposes to utilize the net proceeds from the Issue towards repayment/pre-payment, in full or part, of certain borrowings availed by the Company and the subsidiaries; and general corporate purposes.

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for the domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price by the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not more than 15% of the Net Issue shall be available for allocation to Non-Institutional Investors, out of which (a) one third of such portion shall be reserved for applicants with application size of more than ₹ 0.20 million and up to ₹ 1.00 million and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹ 1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Investors and not more than 10% of the Net Issue shall be available for allocation to RIIs by the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. Further, up to [•] Equity Shares aggregating to ₹159.00 million will be available for allocation to Eligible Employees, subject to valid Bids being received at or above the Issue Price. All Bidders, other than Anchor Investors, are required to participate in the Issue by mandatorily utilising the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Investors, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on both BSE Limited (“BSE“)and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”).  

ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (BRLMs) to the Issue.

All capitalised terms referred to in this press release that have not been defined shall have the same meaning as prescribed in the red herring prospectus of the Company dated June 18, 2025 (“RHP”).

Disclaimer: Kalpataru Limited is proposing, subject to receipt of requisite approvals, market conditions, and other considerations, an initial public offering of its equity shares and has filed a red herring prospectus dated 18th June, 2025. (“RHP”) with the Registrar of Companies, Mumbai at Maharashtra, and the Securities and Exchange Board of India (“SEBI”). The RHP is available on the website of the Company at www.kalpataru.com, the website of SEBI at www.sebi.gov.in, and the website of the Book Running Lead Managers, ICICI Securities Limited at www.icicisecurities.com, JM Financial Limited at www.jmfl.com and Nomura Financial Advisory and Securities (India) Private Limited at www.nomuraholdings.com/company/group/asia/india/index.html and the websites of BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively. Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the Red Herring Prospectus, including the section titled “Risk Factors” on page 32 of the RHP. The Equity Shares proposed to be offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), or any state securities laws of the United States and, unless so registered, may not be offered or sold within the United States, except under an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares will be offered and sold outside the United States in “offshore transactions” as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

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MUMBAI: To cater to the needs of investors of securities markets in the state of Tamil Nadu, SEBI along with stock exchanges NSE and BSE has established an “Investor Service Centre” at Madurai.

The Investors Service Centre managed by NSE was inaugurated by Smt. Aparna Thyagarajan Chief General Manager, SEBI on January 05, 2024, along with senior officials from SEBI, BSE, and NSE.

Shri Ashishkumar Chauhan, NSE MD & CEO, said: “The Investor Service Centre will facilitate resolution of complaints of investors against listed corporate entities and other registered intermediaries in the securities market and will also facilitate conducting of investor awareness programs in the state.”

ISC center in Madurai will be the center of learning, interaction, and knowledge sessions around all the investment-related products and queries like Mutual Funds, Exchange Traded Funds, Sovereign Gold Bonds, Real Estate Investment Trust (REITs), Infrastructure Investment Trust (InvITs), etc. The center will be open to all the students who are keen to learn, understand, and invest in the securities market.

Investors may make use of the services of the Investor Service Centre located at Madurai at the following address as a single window contact for investor services:

Investor Service Centre, Madurai
Rajkumar Building, 3rd Floor, 
MIG-341, LIG Colony, 80 Feet Road, 
Anna Nagar, Madurai – 625 020.

Contact Person – Mr. Avinash K
Phone: 86556 41618
Email: nseiscmadurai@nse.co.in

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The Common ISC serves as a platform where investors can lodge complaints against listed corporate entities and market participants operating in the securities market. This facility is essential for investors who may have concerns or grievances related to their dealings in the market. Investors may make use of the services of the Common Investor Service Centre located at the following address as a single window contact for investor services for SEBI, NSE, and BSE:

Investor Service Centre Regus Business Centre, Office no.418 & 419, Level IV, Prabhavee Tech Park, Baner Road, Baner, Pune-411045 Contact: Mr. Amit Pathak (020-67235938)

The National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by the Futures Industry Association (FIA) for the calendar year 2022. NSE is ranked 3rd in the world in cash equities by the number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for the calendar year 2022. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data.

NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions, and financial education offerings. NSE also oversees compliance by trading, clearing members, and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

The establishment of the Common Investor Service Centre in Pune by SEBI, NSE, and BSE is a significant step towards enhancing investor services and protection in India’s securities market. The facility will provide a comprehensive suite of securities market services to investors in the western region of Maharashtra and serve as a platform for investors to lodge complaints against listed corporate entities and market participants operating in the securities market.

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