Kalpataru IPO, June 26 -- The initial public offering (IPO) of Kalpataru Limited hit the Indian primary market on Tuesday. The public issue will remain open until 26 June 2025. This means investors have just one day to apply for the public issue. The company has declared the Kalpataru IPO price band at Rs.387 to Rs.414 per equity share. The book build issue is proposed for listing on the BSE and the NSE. The initial public offer aims to raise 1,590 crore from this public issue by issuing fresh shares. Looking at the Kalpataru IPO subscription status, the public issue has received a tepid response in the first two days of bidding.

According to market observers, company shares are available in the grey market well ahead of the IPO subscrip...