The IPO, consisting entirely of a fresh issue of 3.84 crore equity shares, was priced in the range of Rs 387 to Rs 414 per share. Based on the latest grey market premium (GMP) of Rs 3, the estimated listing price is Rs 417, translating to a modest gain of 0.72% per share on listing.
The minimum investment by retail investors was Rs 14,904 for one lot of 36 shares. Kalpataru also offered a Rs 38 discount per share to eligible employees under its reserved quota of 4.22 lakh shares. The issue received strong interest from institutional investors, raising Rs 708 crore from anchor investors on June 23.
Here’s how to check Kalpataru IPO allotment status:
On the registrar’s website (Link Intime):
Visit: https://linkintime.co.in/initial_offer/public-issues.html
Select “Kalpataru Limited” from the dropdown
Enter your PAN, Application Number, or DP/Client ID
Click on “Search” to view allotment details
On the BSE website:
Go to: https://www.bseindia.com/investors/appli_check.aspx
Select “Equity” as issue type
Choose “Kalpataru Limited” from the dropdown
Enter your application number and PAN
Click “Search”
Shares allotted will be credited to demat accounts by June 30 and refunds for unallocated shares will be processed the same day. The stock is expected to list on BSE and NSE on July 1.
Kalpataru, a prominent real estate developer, plans to use the IPO proceeds for repaying borrowings and general corporate purposes. Despite recent losses, its wide project base and backing by the Kalpataru Group have generated notable investor interest.
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