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Despite financial concerns, Kalpataru's stock surged 9% post-IPO, raising ₹1,590 crore.
Kalpataru, a major Indian real estate firm, saw its stock prices jump over 9% shortly after its muted initial public offering debut.
Despite financial concerns and high debt levels, the shares gained significantly on both the BSE and NSE.
Analysts suggest caution, urging investors to monitor the company's progress in reducing debt and improving profitability.
The IPO raised ₹1,590 crore, with strong subscription rates from qualified institutional buyers.
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A pesar de las preocupaciones financieras, las acciones de Kalpataru aumentaron un 9% después de la IPO, recaudando ₹ 1,590 crore.