Tag: ICICI Securities

Industry

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,…

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Kalpataru sets IPO price band at ₹387-414 per share

NEW DELHI: Real estate developer Kalpataru Ltd on Thursday fixed a price band of Rs 387 to Rs 414 per share for its Rs 1,590 crore Initial Public Offering (IPO). The initial share sale will open for public subscription on June 24 and conclude on June 26. The bidding for anchor investors will open on June 23, the company announced. The company’s IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no Offer For Sale (OFS) component. At the upper end of the price band, the company is valued around Rs 8,500 crore, brokerage houses…