New Delhi, June 24 -- The initial public offering (IPO) of Kalpatru has opened for subscription on Tuesday, June 24. The mainboard segment IPO will close on Thursday, June 26. The price band for the issue has been set between Rs.387 and Rs.414 per equity share, each having a face value of Rs.10. The issue consists of equity shares amounting to Rs.1,590 crore, with no Offer for Sale (OFS) component included.

Kalpatru intends to use the net proceeds from the issuance for multiple purposes, including the full or partial repayment or prepayment of specific loans availed by itself and its subsidiaries, as well as for general corporate purposes.

The company has reserved 75 per cent of the shares in its public offering for qualified institutio...