The Mumbai-based firm has filed the draft crimson herring prospectus (DRHP) to launch its IPO, which contains contemporary problem of shares, having face worth of ₹10 every, aggregating as much as ₹1,590 crore.
It will use ₹1,192.5 crore for compensation/prepayment, in full or partially, of sure borrowings.
“We’re an built-in actual property growth firm concerned in all key actions related to actual property growth, together with the identification and acquisition of land (or growth rights thereto), planning, designing, execution, gross sales, and advertising and marketing of our tasks,” the DRHP mentioned.
The corporate has a portfolio of 40 ongoing, forthcoming and deliberate tasks comprising 49.77 million sq. toes space. Of those 25 tasks having 22 million sq. toes are at the moment underway.
Whereas a majority of the corporate’s tasks are positioned within the Mumbai Metropolitan Area (MMR) and Pune, Maharashtra, it has two ongoing tasks in Hyderabad, Telangana and Noida, Uttar Pradesh. It has land banks in Surat, Gujarat; Nagpur, Maharashtra; and Udaipur, Rajasthan.
Kalpataru Ltd is a part of the Kalpataru group. Different corporations within the group are — Kalpataru Tasks Worldwide Ltd, Property Options (India) and Shree Shubham Logistics Ltd.
Kalpataru Group was established in 1969 by Mofatraj P Munot and has a legacy of 55 years.
The Group has a multi-national presence and has operations in EPC contracting for energy transmission and distribution, oil and gasoline, railways, civil infrastructure tasks, warehousing and logistics, and facility administration.
Additional, Kalpataru Tasks Worldwide Ltd is listed on the NSE and BSE.
ICICI Securities Ltd, JM Monetary Ltd and Nomura Monetary Advisory and Securities (India) Non-public Ltd are the e-book operating lead managers for the difficulty.
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