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( As on 20/06/2025 07:00)

Kalpataru L announces launch of initial public offering

Kalpataru Ltd. has announced public offering of 38405796 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 404.00 per share. The gross proceeds of the issue are expected to be Rs 1,59,000.00 lakhs.

The company's initial public offer (IPO) will open on 24 June 2025 and is expected to close on 26 June 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 387.00-414.00 per share.

The IPO includes a fresh Issue of 38405796 Equity Shares of the Company at an price of Rs 414.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 36 shares with bids in multiples of 36.

Kalpataru Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Nomura Financial Advisory & Securities (India) Pvt,JM Financial Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.