Kalpataru is planning an initial public offering (IPO) through the book-building route with a total issue size of ₹1,590 crore, which is an entirely fresh issue of shares. The company has yet to announce the IPO opening and closing dates, price band, and lot size for investors. The allotment date is also expected to be finalized soon but remains undisclosed at this time. This IPO is anticipated to attract investor interest once the details are officially released.

Kalpataru Limited, founded in 1988 and headquartered in Mumbai, Maharashtra, is a prominent and rapidly growing real estate development company. The firm engages comprehensively in the real estate value chain, including land acquisition, project planning and design, construction, as well as sales and marketing. Kalpataru specializes in developing residential and commercial properties, retail spaces, and integrated townships across multiple cities such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. The Kalpataru Group has a strong global presence with over 27,000 employees operating in 73 countries. Key subsidiaries include Kalpataru Projects International Limited, Property Solutions (India) Private Limited, and Shree Shubham Logistics Limited. As of March 31, 2024, Kalpataru Limited has successfully completed 70 projects and currently has 40 ongoing projects, reflecting its sustained growth and operational strength in the real estate sector.

Objects of the Issue (JNK India IPO Objectives)

• Repayment/pre-payment, in full or in part, of certain borrowings availed by: Company; and Subsidiaries
• General corporate purposes.

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