Kalpataru raises ₹708 crore from anchor investors ahead of IPO launch
NEW DELHI: Mumbai-based Kalpataru has raised ₹708 crore from a nine anchor investors, ahead of the opening of its ₹1,590 crore initial public offering (IPO) scheduled for June 24–26, 2025. The anchor allotment was executed at the upper end of the price band—₹414 per equity share. The price band for the IPO is set at ₹387 to ₹414 per share. Among international investors, GIC (Singapore) and GSS Opportunities Investment, affiliated with Bain Capital, were allocated a significant portion. Domestic institutions in the anchor tranche included SBI Mutual Fund, ICICI Prudential Mutual Fund, SBI General Insurance, Aditya Birla Sun Life Insurance,…