New kids on the block: D-Street to see four listings on July 1; check details

Kalpataru Ltd

Shares of real estate developer Kalpataru Ltd will debut on the bourses NSE and BSE on July 1. The initial public offering (IPO) of Kalpataru Ltd garnered 2.26 times subscription on the closing day of bidding last week.

The IPO received bids for 5,15,74,140 shares, as against 2,28,26,516 shares on offer, according to NSE data.

The qualified institutional buyers (QIBs) category received 3.12 times subscription, while the portion for non-institutional investors got subscribed 1.31 times. The retail individual investors (RIIs) part received 1.29 times subscription.

Kalpataru Ltd garnered ₹708 crore from anchor investors before the IPO launch.

The company had fixed a price band of ₹387-₹414 per share for its IPO.

The IPO was entirely a fresh issue of equity shares worth ₹1,590 crore with no offer-for-sale (OFS) component. It proposed to utilise funds for the payment of debt and general corporate purposes.

Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also in the redevelopment of societies.

Raymond Realty

Raymond Realty, the demerged real estate venture from Raymond Ltd, will list its shares on stock exchanges on July 1.

Raymond Realty recently said it would launch six residential projects this fiscal year in the Mumbai Metropolitan Region with an estimated revenue potential of about ₹14,000 crore as the company looks to expand the property business amid strong demand.

The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.

The company's CEO, Harmohan Sahni, highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR).

"In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said.

Ellenbarrie Industrial Gases

Shares will be listed on the stock exchanges, NSE and BSE, today. The ₹852 crore initial public offering (IPO) of Ellenbarrie Industrial Gases Ltd attracted 22.19 times subscription on the last day of bidding last week.

The three-day IPO received bids for 33,52,79,311 shares, as against 1,51,08,983 shares on offer, as per NSE data.

Qualified institutional buyers (QIBs) quota received 64.23 times subscription, while the category for non-institutional investors got subscribed 15.21 times. The portion for retail individual investors (RIIs) fetched 2.14 times the subscription.

Ellenbarrie Industrial Gases had raised ₹256 crore from anchor investors before the IPO launch.

The ₹852 crore IPO had a price band of ₹380-₹400 per share.

Ellenbarrie manufactures and supplies industrial gases, dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixtures, and speciality gases catering to a wide range of industries.

Globe Civil Projects

Shares of the company are slated to list on the bourses today.

The initial share sale of civil construction and infrastructure development company Globe Civil Projects received a whopping 86.03 times subscription on the closing day of bidding last week.

The ₹119 crore initial public offering (IPO) got bids for 100,93,92,350 shares against 1,17,32,392 shares on offer, according to data available with the NSE.

The portion for non-institutional investors received a whopping 143.14 times subscription, while the category for Qualified Institutional Buyers (QIBs) got subscribed 99.76 times. Retail Individual Investors (RIIs) part fetched 53.71 times the subscription.

Globe Civil Projects Ltd intends to utilise ₹75 crore of the IPO proceeds for funding working capital requirements, ₹14.26 crore for capital expenditure towards the purchase of construction equipment/machinery, and the remaining funds will be used for general corporate purposes and issue expenses.