Real estate developer Kalpataru Ltd files Rs 1,590 crore IPO, primarily for debt repayment.

Real estate developer Kalpataru Ltd filed a DRHP for its IPO aiming to raise up to Rs 1,590 crore, including a fresh share issue of Rs 1,192.5 crore for debt repayment. The company reported a net loss of Rs 100.74 crore in FY2023-24 due to lower income. Kalpataru's portfolio includes 40 ongoing, forthcoming, and planned projects across 49.77 million sq ft, primarily in Mumbai Metropolitan Region and Pune.

August 20, 2024
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