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  5. Kalpataru IPO: Issue subscribed 2.26 times on day 3; here's how to check allotment

Market News

Kalpataru IPO: Issue subscribed 2.26 times on day 3; here's how to check allotment

Upstox
By Upstox News Desk

3 min read | Updated on June 26, 2025, 19:12 IST

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SUMMARY

According to the National Stock Exchange (NSE) data till 5 PM, the issue has received bids for 5,15,74,176 shares against the offered 22,826,516 shares

IPO

Kalpataru Limited IPO aims to raise ₹1,590 crore through its public issue.

The initial public offering (IPO) of Kalpataru Limited was fully subscribed on Thursday, June 26. On the last day, the issue saw subscription of 2.26 times.

According to the National Stock Exchange (NSE) data till 5 PM, the issue has received bids for 5,15,74,176 shares against the offered 22,826,516 shares.

The portion reserved for the non-institutional investors (NIIs) category was subscribed to 1.31 times, while the retail individual investors (RIIs) category saw a subscription of 1.29 times. The portion reserved for qualified institutional buyers, or QIBs, has been booked 3.12 times on Thursday.

The company raised ₹708 crore from nine anchor investors, including GIC, Bain Capital, SBI Mutual Fund (MF), 360 ONE Group, Aditya Birla Sun Life Insurance, ICICI Prudential MF, SBI General Insurance, Ayushmat Ltd, and Taurus MF.

Also read: Sambhv Steel Tubes IPO fully subscribed on Day 2; check price band, lot size and more

Kalpataru Limited IPO aims to raise ₹1,590 crore through its public issue. The IPO is a fresh issue of over 3.84 crore shares with no offer for sale component.

The company has fixed the price band of the issue at ₹387 to ₹414 per share. The lot size, or the minimum bid quantity to apply for the issue, is 36 shares. This equates to a minimum investment amount of ₹14,904 per lot at the upper end of the price band for retail investors.

After the bidding is closed, the allotment of shares is expected to be finalised on Friday, June 27.

Mumbai-based Kalpataru develops residential, commercial, retail and integrated township projects. It is also engaged in the redevelopment of societies. As of December 31, 2024, March 31, 2024, March 31, 2023, and March 31, 2022, 94.84%, 94.93%, 94.93% and 95.00% of its real estate development projects were in and around the Mumbai Metropolitan Region (MMR) and Pune.

Also read: Globe Civil Projects IPO booked over 31 times so far on day 3; here's how to check allotment
How to check allotment status on the BSE website
  • Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.

  • Select ‘Kalpataru Limited’ as the issue type.

  • From the ‘Issue name’ dropdown menu, select ‘Kalpataru Ltd’.

  • Identify yourself using either PAN details or IPO application number.

  • Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

How to check allotment status on the NSE website
Kalpataru Ltd IPO GMP
As reported by The Economic Times, Kalpataru shares have been quoting a premium of ₹5–₹6 in the grey market. This implies a potential gain of about 1% over the upper end of the price band, the report added.
Grey market premium (GMP) is a rough indicator of how IPO stock could debut on the listing day. Although grey market trading is not approved by the stock exchanges and SEBI, many investors track GMP before IPO shares are listed on the exchanges. It is important to note that market sentiments and volatility on the listing day can impact the stock’s listing.
SIP
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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.