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15 Days Price Change

Kalpataru IPO

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WEBSITE Inc. Year: 1988 Industry: Construction - Real Estate Listed Page

Profile
Issue Size 945.02 Cr
Profile
Price Range 387  to  414 per share
Profile
Min Investment ₹414
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of our projects. We are a prominent real estate developer in the Mumbai Metropolitan Region (“MMR”) in Maharashtra and are present across all micro-markets in the MMR (Source: Anarock Report). For the calendar years 2019 to 2023, the MMR was ranked first among the top seven Indian markets (MMR (Maharashtra), Pune (Maharashtra), Bengaluru (Karnataka), Hyderabad (Telangana), the National Capital Region, Chennai (Tamil Nadu) and Kolkata (West Bengal)) in terms of supply, absorption and average base selling price (Source: Anarock Report). We are the fifth largest developer in the MCGM area in Maharashtra and the fourth largest developer in Thane, Maharashtra in terms of units supplied from the calendar years 2019 to 2023 (Source: Anarock Report). As of March 31, 2024, we (together with our Promoters) had a total of 113 Completed Projects aggregating to more than 24.10 msf of Developable Area within Mumbai, Thane, Panvel and Pune in Maharashtra, and Hyderabad, Indore, Bengaluru, and Jodhpur in the states of Telangana, Madhya Pradesh, Karnataka and Rajasthan, respectively. Read More

Basic Info

Face Value 10 per share

Price 387  to  414 per share

P/E (x) 276

Sales( Cr.) 2222

PAT( Cr.) 25

EPS 1.5

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Mofatraj P Munot Parag M Munot

Pre Issue Share Holding 100%

Post Issue Share Holding 81.33%

Listing Details:

Listing Price: 414.1

Listing Gain: 0.02%

Current Price: 329.2

Gain On Issue: 329.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 24, 2025
Closing Date Jun 26, 2025
Allotment Jun 27, 2025
Refund Jun 30, 2025
Delivery of Shares Jun 30, 2025
Listing Date Jul 01, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 36 14,904
Retail (Max) 13 468 193,752
S-HNI (Min) 14 504 208,656
S-HNI (Max) 67 2412 998,568
B-HNI (Min) 68 2448 1,013,472

Objective of the Issue

1. Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company and our Subsidiaries 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 12202326 38015100 3.1x
NII 6101162 7972380 1.3x
Retail 4067441 5266728 1.3x
EMP 455587 319968 0.7x
Total 22826516 51574176 2.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Kalpataru Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 834 970 914 1487 1399 1359 1111 1001 3633 1930 2222
Other Income 81 122 134 182 273 238 288 248 83 110 110
Total Income 915 1093 1048 1669 1673 1597 1399 1249 3717 2040 2332
Total Expenditure 745 845 708 1312 829 863 556 1048 3712 881 855
Operating Profit 169 247 340 357 844 734 843 200 4 1159 1477
Interest 52 119 189 214 703 752 865 306 130 1212 1362
Depreciation 32 37 51 46 42 38 33 33 32 33 38
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 85 91 100 97 99 -57 -55 -138 -159 -86 76
Provision for Tax 2 18 22 42 32 -11 -1 -17 68 22 51
Profit After Tax 83 73 78 55 67 -46 -54 -122 -227 -108 25
Adjustments -4 -0 -0 -11 -12 24 14 1 26 13 -3
Profit After Adjustments 79 72 78 44 55 -22 -40 -121 -201 -95 22
Adjusted Earnings Per Share 5.6 5.2 5.6 3.1 3.9 -1.6 -2.9 -8.6 -14.4 -6.8 1.3

Kalpataru Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1312 1226 1299 1343 1378 1364 1303 1429 1222 1020 2481
Minority's Interest -38 2 1 1 1 2 5 11 -15 -28 -25
Borrowings 1156 1443 1586 2058 2673 2748 2374 2910 3085 3980 3508
Other Non-Current Liabilities 8 -6 -34 -77 -45 -46 -18 -38 51 55 214
Total Current Liabilities 3224 3375 3567 4761 4106 4131 6010 8901 8035 8687 10082
Total Liabilities 5662 6038 6420 8086 8113 8199 9675 13213 12378 13714 16261
Fixed Assets 413 163 162 142 135 122 120 123 132 113 262
Other Non-Current Assets 699 919 902 1629 1670 1587 1523 935 913 954 998
Total Current Assets 4550 4956 5355 6315 6308 6490 8032 12155 11334 12648 15000
Total Assets 5662 6038 6420 8086 8113 8199 9675 13213 12378 13714 16261

Kalpataru Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 45 -9 -44 12 -51 -90 -21 50 63 69 13
Cash Flow from Operating Activities -182 102 148 -282 -741 871 757 402 2139 376 488
Cash Flow from Investing Activities -390 -16 329 -1227 276 53 -59 104 -32 -133 -35
Cash Flow from Financing Activities 574 -121 -421 1446 426 -855 -645 -514 -2101 -300 -644
Net Cash Inflow / Outflow 3 -35 56 -63 -39 69 53 -7 6 -56 -190
Closing Cash & Cash Equivalent 48 -44 12 -51 -90 -21 50 63 69 13 -177

Kalpataru Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.63 5.18 5.57 3.14 3.92 -1.59 -2.86 -8.65 -14.37 -6.8 1.29
CEPS(Rs) 8.24 7.86 9.25 7.24 7.77 -0.55 -1.44 -6.36 -13.96 -5.4 3.73
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 93.89 87.76 93.04 96.18 98.67 97.65 93.33 102.33 87.5 73.04 148.14
Core EBITDA Margin(%) 10.58 12.88 22.58 11.79 40.78 36.5 49.99 -4.78 -2.18 54.37 61.54
EBIT Margin(%) 16.43 21.65 31.61 20.91 57.34 51.19 72.92 16.8 -0.78 58.36 64.74
Pre Tax Margin(%) 10.16 9.39 10.94 6.5 7.09 -4.16 -4.95 -13.82 -4.37 -4.44 3.42
PAT Margin (%) 9.92 7.49 8.52 3.69 4.77 -3.36 -4.82 -12.15 -6.24 -5.6 1.11
Cash Profit Margin (%) 13.81 11.31 14.13 6.8 7.75 -0.57 -1.81 -8.88 -5.37 -3.91 2.81
ROA(%) 1.6 1.24 1.25 0.76 0.82 -0.56 -0.6 -1.06 -1.77 -0.83 0.17
ROE(%) 6.47 5.73 6.17 4.15 4.91 -3.33 -4.02 -8.9 -17.11 -9.64 1.41
ROCE(%) 3.03 4.12 5.35 4.9 11 9.42 10.08 1.64 -0.25 9.96 11.81
Receivable days 47.32 50.02 77.56 81.54 131.5 148.24 182.94 226.65 57.94 104.14 115.2
Inventory Days 1371.41 1297.37 1517.25 1008.03 1074.88 1082.03 1548.63 2880.5 1007.76 1925.58 1925.87
Payable days 48.1 50.74 79.66 2124.17 510.13 359 538.32 116.95 27.41 -144.5 -115.07
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 4.41 4.33 4.66 3.99 4.37 4.48 6.58 10.15 2.59 5.29 4.33
EV/Core EBITDA(x) 21.7 17.02 12.52 16.62 7.24 8.31 8.67 50.75 2230.09 8.81 6.51
Net Sales Growth(%) 4.75 16.4 -5.8 62.69 -5.91 -2.85 -18.28 -9.92 263.07 -46.88 15.11
EBIT Growth(%) -72.33 53.35 37.54 7.61 158.04 -13.26 16.4 -79.24 -116.92 4057.66 27.7
PAT Growth(%) -11.8 -12.09 7.11 -29.57 21.7 -168.41 -17.26 -127.02 -86.58 52.36 122.9
EPS Growth(%) -16.39 -7.93 7.6 -43.6 24.78 -140.45 -79.97 -202.77 -66.25 52.68 118.98
Debt/Equity(x) 2.73 3.33 3.23 4.36 4.36 4.42 5.66 7.25 7.92 10.48 4.1
Current Ratio(x) 1.41 1.47 1.5 1.33 1.54 1.57 1.34 1.37 1.41 1.46 1.49
Quick Ratio(x) 0.37 0.42 0.37 0.45 0.55 0.61 0.43 0.2 0.2 0.23 0.22
Interest Cover(x) 2.62 1.77 1.53 1.45 1.14 0.92 0.94 0.55 -0.22 0.93 1.06
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 30% 10% 10%
Operating Profit CAGR 27% 95% 15% 24%
PAT CAGR 0% 0% 0% -11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 1% -8% -8% -1%
ROCE Average 12% 7% 7% 6%

Company Contact Information

Kalpataru Ltd.

Abhishek Thareja

+91 22 3064 5000

investor.cs@kalpataru.com

91, Kalpataru Synergy Opposite Grand Hyatt Santacruz (East)

IPO Lead Manager(s)

Kalpataru Ltd.

ICICI Securities Ltd

JM Financial Ltd.

Nomura Financial Advisory & Securities (India) Pvt Ltd.

Registrar Info

Kalpataru Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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