Mumbai, June 24 -- The initial public offer of Kalpataru received bids for 20,35,764 shares as against 2,28,26,516 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (24 June 2025). The issue was subscribed 0.09 times.

The issue opened for bidding on 24 June 2025 and it will close on 26 June 2025. The price band of the IPO is fixed between Rs 387 and 414 per share. An investor can bid for a minimum of 36 equity shares and in multiples thereof.

The Offer comprises entirely of fresh issue of equity shares aggregating up to Rs 1590 crore. Of the net proceeds from fresh issue the company propose to repay/pre-payment in full or part of certain borrowing availed by the company amounting Rs 333.258 crore and its subsidia...