Tag: Kalpataru Ltd

Industry

Kalpataru IPO subscribed 2.26 times on last day of offer

NEW DELHI: The initial public offering of real estate developer Kalpataru Ltd garnered 2.26 times subscription on the closing day of bidding on Thursday. 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 on Monday said it has garnered Rs 708 crore from anchor investors. The company has fixed a price band of Rs 387-414 per share for its IPO.…

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Kalpataru IPO subscribed 35% on day 2 of bidding

NEW DELHI: The initial share sale of real estate developer Kalpataru Ltd got subscribed 35 per cent on the second day of bidding on Wednesday. The initial public offer (IPO) received bids for 79,59,780 shares against 2,28,26,516 shares on offer, according to NSE data. Retail Individual Investors (RIIs) part got subscribed 72 per cent, while the non-institutional investors category received 45 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) fetched 17 per cent subscription. Kalpataru Ltd on Monday said it has garnered Rs 708 crore from anchor investors. The company has fixed a price band of Rs 387-414…

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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…