Kalpataru IPO listing date: Shares of the real estate developer Kalpataru Ltd is all set make its debut in the Indian stock market today. Kalpataru IPO listing is scheduled at 10:00 IST on the bourses today (Tuesday, July 1). Kalpataru shares will be a part of Special Pre-open Session (SPOS), as per BSE notice. Experts predict that the Kalpataru IPO expected listing price is likely to see slight gains compared to its issue price. Kalpataru IPO allotment status was finalised on Friday, June 27.
Ahead of the listing, Kalpataru IPO GMP today is +1.5. This indicates Kalpataru share price was trading at a premium of ₹1.5 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Kalpataru share price is indicated at ₹415.5 apiece, which is 0.36% higher than the IPO price of ₹414.
Kalpataru IPO opened for subscription on Tuesday, June 24, and closed on Thursday, June 26. Kalpataru IPO subscription status on the last bidding day was 2.26 times.
Kalpataru, based in Mumbai, specializes in the construction of residential, commercial, retail, and integrated township developments. The company is also involved in the redevelopment of housing societies.
As one of the top real estate developers in India, Kalpataru holds a prominent position in the Mumbai Metropolitan Region (MMR) in Maharashtra.
Kalpataru Share Price Live: Here’s what expert says about the listing
Mahesh M. Ojha, AVP Research & Business Development, Hensex Securities Pvt. Ltd, said that Kalpataru shares is expected to list with marginal gains over its issue price. The company has a credible track record in the infrastructure and EPC space, with a diversified order book and international presence. However, concerns around execution timelines and sectoral headwinds may cap immediate enthusiasm on listing day. While the pricing seems reasonable and supported by long-term fundamentals, the upside at listing is likely to be modest.
Gaurav Goel, Founder & Director at Fynocrat Technologies noted that Kalpataru IPO saw a lukewarm response, with an overall subscription of just 2.31 times, showing that investors were cautious. Retail investors subscribed 1.43 times, QIBs showed slightly more interest at 3.12 times, and the NII category was subscribed 1.40 times. There is no active grey market premium, which means the stock may not see much gain when it lists.
