Mumbai, June 27 -- The initial public offer of Kalpataru received bids for 5,15,74,176 shares as against 2,28,26,516 shares on offer. The issue was subscribed 2.26 times.

The issue opened for bidding on 24 June 2025 and it closed on 26 June 2025. The price band of the IPO is fixed between Rs 387 and 414 per share.

The offer comprises entirely of a fresh issue of equity shares aggregating up to Rs 1590 crore. Of the net proceeds from the fresh issue, the company proposes to repay/prepay in full or in part certain borrowings availed by the company amounting to Rs 333.258 crore and its subsidiaries amounting to Rs 859.242 crore, totaling Rs 1192.50 crore. And the balance is for general corporate purposes. As of April 30, 2025, the company ...