"Kalpataru IPO Opens: Sustainable Real Estate Giant Eyes ₹1,590 Cr"

📌 IPO Details Issue Size: ₹1,590 crore (entirely fresh issue, no OFS) Price Band: ₹387 to ₹414 per share Lot Size: 36 shares (minimum investment ₹14,904) IPO Dates: Opens June 24, closes June 26 Listing Date: Expected on July 1, 2025 🏗️ Business Overview Leading real estate developer in Mumbai Metropolitan Region (MMR) with 94% of projects in MMR and Pune Completed 120+ projects across Mumbai, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur Known for green-certified buildings (27+ million sq. ft.) and sustainable development 💡 Strategic Strengths Asset-light model: ~25% of projects via JDAs and redevelopment Strong inventory base: ₹1.2 lakh crore as of Dec 2024 Turnaround in profitability: Positive PAT in 9M FY25 after losses in FY22–FY23 📊 Financial Snapshot FY24 Revenue: ₹1,930 crore (down from ₹3,633 crore in FY23) FY24 Loss: ₹103.44 crore (improved from ₹203.37 crore loss in FY23) 9M FY25 Profit: ₹8.66 crore 🧾 Use of Proceeds Repayment/prepayment of borrowings General corporate purposes