Kalpataru, one of Mumbai’s most prominent real estate developers, is gearing up to launch its ₹1,590 crore Initial Public Offering (IPO) next week. With a dominant presence in the Mumbai Metropolitan Region (MMR), Pune, and Hyderabad, the company is aligning its growth strategy with the growing demand for mid to premium-range housing. The IPO will open for subscription on June 24 and close on June 26, with a price band of ₹387 to ₹414 per equity share.
Strategic Market Focus: MMR, Pune, and Beyond
Kalpataru’s expansion blueprint focuses on high-demand urban centers including:
- Mumbai Metropolitan Region (MMR)
- Pune
- Hyderabad
- Future prospects in Delhi-NCR, Bengaluru, and Nagpur
A significant portion of its inventory — nearly 70% — is priced below ₹10 crore, with a notable supply even under ₹3 crore, aligning with the needs of urban homebuyers seeking quality yet accessible housing.
Kalpataru IPO & Market Highlights (Quick Summary Table)
| Aspect | Details |
|---|---|
| IPO Open Date | June 24, 2025 |
| IPO Close Date | June 26, 2025 |
| IPO Price Band | ₹387 – ₹414 per equity share |
| Total Fundraise | ₹1,590 crore |
| Primary Use of Proceeds | Debt repayment and balance sheet strengthening |
| Portfolio Size | 50 million sq. ft. |
| Residential Focus | 95% of portfolio |
| MMR Share in Portfolio | 73% |
| Affordable Housing Share | 70% priced under ₹10 crore |
Housing Demand Drives Strategy
According to Managing Director Parag Munot, Kalpataru is aligning its offerings to match current buyer sentiments:
“The demand if we go to see today is majority in the ₹1 crore to ₹10 crore segment, and this is what our supply is. Going further, we will adapt as per the demand.”
This segment includes urban professionals and upwardly mobile families — a target group increasingly looking for homes in secure, well-connected residential enclaves.
Emphasis on Redevelopment Projects
Kalpataru is also bullish on redevelopment in prime locations:
“We are very positive about redevelopment projects in MMR. There is no doubt that the MMR and Pune markets have good depth,” Munot stated.
This focus helps the company unlock value in land-scarce urban zones, further strengthening its residential portfolio.
Portfolio Diversification: Not Just Residential
While 95% of Kalpataru’s current portfolio is in the residential sector, the company has also diversified into:
- Commercial developments in MMR and Pune
- Plotted developments in MMR and Nagpur
This hybrid model ensures resilience and long-term value creation across market cycles.
Frequently Asked Questions (FAQ)
1. When is Kalpataru’s IPO scheduled to open?
Kalpataru’s IPO opens on June 24, 2025 and closes on June 26, 2025.
2. What is the price band for Kalpataru’s IPO?
The IPO is priced between ₹387 and ₹414 per equity share.
3. How much capital does Kalpataru aim to raise?
The company plans to raise ₹1,590 crore through the IPO.
4. What percentage of Kalpataru’s projects are residential?
Approximately 95% of Kalpataru’s projects are in the residential segment.
5. What cities are Kalpataru focusing on?
Kalpataru is focusing on MMR, Pune, Hyderabad, with growth plans for Delhi-NCR and Bengaluru.