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Mint
2 days ago
- Business
- Mint
Kalpataru Share Price Live: GMP, experts hint a flat debut of shares
Kalpataru IPO listing date: Shares of the real estate developer Kalpataru Ltd is all set make its debut in the Indian stock market today. Kalpataru IPO listing is scheduled at 10:00 IST on the bourses today (Tuesday, July 1). Kalpataru shares will be a part of Special Pre-open Session (SPOS), as per BSE notice. Experts predict that the Kalpataru IPO expected listing price is likely to see slight gains compared to its issue price. Kalpataru IPO allotment status was finalised on Friday, June 27. Ahead of the listing, Kalpataru IPO GMP today is +1.5. This indicates Kalpataru share price was trading at a premium of ₹ 1.5 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Kalpataru share price is indicated at ₹ 415.5 apiece, which is 0.36% higher than the IPO price of ₹ 414. Kalpataru IPO opened for subscription on Tuesday, June 24, and closed on Thursday, June 26. Kalpataru IPO subscription status on the last bidding day was 2.26 times. The company fixed a price band of ₹ 387 to ₹ 414 per share for its IPO. Kalpataru, based in Mumbai, specializes in the construction of residential, commercial, retail, and integrated township developments. The company is also involved in the redevelopment of housing societies. As one of the top real estate developers in India, Kalpataru holds a prominent position in the Mumbai Metropolitan Region (MMR) in Maharashtra. Mahesh M. Ojha, AVP Research & Business Development, Hensex Securities Pvt. Ltd, said that Kalpataru shares is expected to list with marginal gains over its issue price. The company has a credible track record in the infrastructure and EPC space, with a diversified order book and international presence. However, concerns around execution timelines and sectoral headwinds may cap immediate enthusiasm on listing day. While the pricing seems reasonable and supported by long-term fundamentals, the upside at listing is likely to be modest. Gaurav Goel, Founder & Director at Fynocrat Technologies noted that Kalpataru IPO saw a lukewarm response, with an overall subscription of just 2.31 times, showing that investors were cautious. Retail investors subscribed 1.43 times, QIBs showed slightly more interest at 3.12 times, and the NII category was subscribed 1.40 times. There is no active grey market premium, which means the stock may not see much gain when it lists. The IPO being offered by the company consists solely of a new issuance of equity shares valued at ₹ 1,590 crore, without any offer-for-sale (OFS) element. The funds raised will be allocated towards debt repayment and general corporate needs. ICICI Securities Limited serves as the book-running lead manager for the Kalpataru IPO, while MUFG Intime India Private Limited (Link Intime) has been appointed as the registrar for the offering. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
2 days ago
- Business
- Mint
Kalpataru IPO listing date today. GMP, experts signal a flat debut of shares in stock market today
Kalpataru IPO Listing: Real estate developer Kalpataru Ltd is set to make its debut in the Indian stock market today after it received decent response for its initial public offering (IPO). Kalpataru IPO listing date is today, July 1, and the equity shares of the company will be listed on BSE and NSE. The subscription period for the public issue ended on June 26. Kalpataru IPO listing date is today, 1 July 2025. Kalpataru shares are set to get listed on both the stock exchanges - BSE and NSE. 'Trading Members of the Exchange are hereby informed that effective from Tuesday, July 1, 2025, the equity shares of Kalpataru Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' a notice on the BSE said. Kalpataru shares will be a part of Special Pre-open Session (SPOS) on Tuesday, July 1, 2025, it added, and the shares will be available for trading from 10:00 AM. Ahead of Kalpataru share listing today, the trends in Kalpataru IPO grey market premium (GMP) today and analysts signal a muted listing. Here's what Kalpataru IPO GMP today and analysts predict about the listing price. Kalpataru shares are showing a muted trend in the unlisted market with a flat grey market premium (GMP). According to market experts, Kalpataru IPO GMP today has dropped to ₹ 2 per share. This indicates that Kalpataru shares are trading higher by ₹ 2 in the grey market than their issue price. Kalpataru IPO GMP today signals that the estimated listing price of Kalpataru shares would be ₹ 416 apiece, which is at a flat premium to the IPO price of ₹ 414 per share. Analysts also expect Kalpataru IPO listing to be muted or flat. 'Kalpataru Projects International is expected to list with marginal gains over its issue price. The company has a credible track record in the infrastructure and EPC space, with a diversified order book and international presence. However, concerns around execution timelines and sectoral headwinds may cap immediate enthusiasm on listing day. While the pricing seems reasonable and supported by long-term fundamentals, the upside at listing is likely to be modest,' said Mahesh M. Ojha, AVP Research & Business Development at Hensex Securities Pvt. Ltd. He suggests investors may consider booking partial gains on listing, while those with a longer-term outlook may choose to hold, especially if they have confidence in the company's capacity to monetize its order book efficiently. 'Kalpataru IPO saw a lukewarm response. There is no active grey market premium, which means Kalpataru stock may not see much gain when it lists. Although the company has recently improved its profits during the first nine months of FY25, investors are still concerned about its past losses, high levels of debt, and an expensive valuation,' said Gaurav Goel, Founder & Director at Fynocrat Technologies. The bidding for Kalpataru IPO commenced on Tuesday, June 24, and concluded on Thursday, June 26. The IPO allotment date was June 27, and Kalpataru IPO listing date is today, July 1, Tuesday. The equity shares of Kalpataru will be listed on both the stock exchanges, BSE and NSE. The ₹ 1,590-crore worth Kalpataru IPO comprised entirely a fresh issue of 3.84 crore equity shares sold at a fixed price band of ₹ 414 per share. Kalpataru IPO received 2.26 times subscription in total. It got bids for 5.15 crore equity shares as against 2.28 crore shares on the offer, as per NSE data. The public issue was booked 1.29 times in the retail category, and 3.12 times in the Qualified Institutional Buyers (QIBs) category. The Non Institutional Investors (NII) segment was subscribed 1.31 times. ICICI Securities, JM Financial, Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers, while MUFG Intime India (Link Intime) is the Kalpataru IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
IOC, BPCL to Oil India: Which PSU oil stock to buy after Israel-Iran ceasefire? EXPLAINED
Israel-Iran war: Shares of India's state-owned oil marketing companies (OMCs) have experienced a significant rally in recent trading sessions. The rally picked up significant pace on June 24 as IOC, BPCL, and HPCL all opened with a gap-up. This surge followed a steep overnight decline of over 7 per cent in global crude oil prices, driven by the announcement of a formal ceasefire between Israel and Iran. Brent crude, which had been trading above $75 per barrel amid heightened tensions, fell below $70, sparking optimism among oil-importing countries like India. Indian Oil Corporation (IOC) share price has gained nearly 5.2 percent, moving from around ₹ 140 to ₹ 147. Bharat Petroleum Corporation Ltd (BPCL) has risen by about 6.6 percent, now trading close to ₹ 330, while Hindustan Petroleum Corporation Ltd (HPCL) has jumped around 11.5 percent, surging levels of ₹ 435 to ₹ 440. According to market experts, the ceasefire brought some much-needed stability, leading to a decline in crude oil prices, which proved advantageous for downstream oil companies. These companies buy crude, process it into products like petrol and diesel, and sell them. When crude prices fall but retail fuel rates stay the same, their profit margins per litre increase. ' The drop in crude oil prices directly impacted their cost structure and earnings outlook. Falling crude also eases pressure on the Indian rupee and reduces the working capital burden on these companies, which often borrow heavily to finance oil imports. With their input costs lower and profit margins improving, investors responded swiftly, pushing these stocks higher in anticipation of better quarterly performance,' said Gaurav Goel, Founder & Director at Fynocrat Technologies. Goel further said that with crude now trading below $70, the market expects stronger margins and profitability for these companies, and that optimism is being reflected in their rising share prices. Meanwhile, Seema Srivastava Senior Research Analyst at SMC Global Securities, believes that companies like ONGC, Oil India, and BPCL have benefited from high crude oil prices and stable refining margins, driven by rising global energy demand and tight supply conditions. ' Robust Q4 FY25 results with double-digit profit growth and improved return ratios have further boosted investor confidence. Government reforms, including disinvestment plans and the National Monetization Pipeline, have enhanced sentiment. Oil PSUs now offer attractive valuations, strong free cash flows, and high dividend yields (5-7%), providing a safety cushion in volatile markets,' Srivasatava said. Talking about oil companies stock, she recommended investors to 'buy' Oil India stock for long-term investment. ' Oil India stands out with strong upstream operations, zero net debt, and its Q4 FY25 PAT grew over 20% YoY, and the company offers a dividend yield of 7%+. With improving EPS, robust cash reserves, and government backing for exploration capex, Oil India would be good for long term investment perspective,' she added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
24-06-2025
- Business
- Mint
Kalpataru IPO Day 1 Live: Here's GMP, subscription status to review. Apply or not?
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 ₹ 387 and ₹ 414 per equity share, each having a face value of ₹ 10. The issue consists of equity shares amounting to ₹ 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 institutional buyers (QIBs), 15 per cent for non-institutional investors (NIIs), and the remaining 10 per cent for retail investors. Qualified employees applying under the employee reservation category are eligible for a discount of ₹ 38 per equity share. Subscription for the public issue will open at 10:00 IST during Tuesday's deals. Brokerage firm Choice Broking has given 'subscribe for long-term' rating to Kalpataru IPO. ' At the higher price range, Kalpataru is seeking an EV/Sales multiple of 9.3×, which still trades at a discount compared to peer averages of around 12.5×. The company's strong brand allows it to command a premium pricing strategy, reflecting solid pricing power. However, a high debt load introduces financial prudence concerns. Thus, we recommend a 'Subscribe for long Term' rating for this issue.' Whereas, Gaurav Goel, Founder & Director at Fynocrat Technologies believes that given Kalpataru's current financial profile and limited visibility on sustained profitability, the IPO does not offer a compelling risk-reward trade-off. ' Kalpataru Ltd. is a well-known brand in the Mumbai Metropolitan Region with a sizeable land bank and an active project pipeline. However, it significantly lags behind peers on key metrics like Return on Equity (0.56%), and remains heavily concentrated in one region, limiting its diversification benefits. The company also carries a high debt load, which adds financial risk in a capital-intensive sector. In contrast, listed peers like Oberoi Realty and Godrej Properties offer stronger execution track records, better geographic spread, and healthier return ratios,' Goel said. Kalpataru's IPO is a book-built offering valued at ₹ 1,590 crores, consisting entirely of a fresh issuance of 3.84 crore equity shares. The price band for Kalpataru Limited's IPO has been set between ₹ 387 and ₹ 414 per equity share, each having a face value of ₹ 10. The basis of allotment for the Kalpataru IPO is expected to be finalized on Friday, June 27. Refunds to unsuccessful applicants will likely begin on Monday, June 30, with shares being credited to the demat accounts of successful allottees the same day. Kalpataru shares are anticipated to be listed on the BSE and NSE on Tuesday, July 1. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt Ltd are acting as the book running lead managers for the Kalpataru IPO, while MUFG Intime India Private Limited (Link Intime) is appointed as the registrar for the offering. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
24-06-2025
- Business
- Mint
Globe Civil Projects IPO day 1 Live: GMP, subscription status to review. Apply or not?
Globe Civil Projects IPO: The initial public offering (IPO) of Globe Civil Projects Limited has hit the Indian primary market today. The public issue will remain open until 26 June 2025. The company has declared the Globe Civil Projects IPO price band at ₹ 67 to ₹ 71 per equity share. The book build issue is proposed for listing on the BSE and the NSE. The initial public offer aims to raise ₹ 119 crore from this public issue by issuing fresh shares. According to market observers, company shares are available in the grey market well ahead of the IPO subscription opening. They said that one share of Globe Civil Projects Limited is available at a premium of ₹ 14 in the grey market today. 1] Globe Civil Projects IPO GMP: According to market observers, the company's shares are available at a premium of ₹ 14 in the grey market today. 2] Globe Civil Projects IPO price: The company has declared the price band for the book-build issue at ₹ 67 to ₹ 71 per equity share. 3] Globe Civil Projects IPO date: The public issue has opened today and will remain open until 26 June 2025. 4] Globe Civil Projects IPO size: The company aims to raise ₹ 119 crore by issuing fresh shares. 5] Globe Civil Projects IPO lot size: A bidder can apply in lots, and one lot of the book build issue comprises 211 company shares. 6] Globe Civil Projects IPO allotment date: The most likely date to finalise the share allocation is 27 June 2025. Infographic: Courtesy mintgenie 7] Globe Civil Projects IPO registrar: Kfin Technologies Limited has been appointed the official registrar of the book build issue. 8] Globe Civil Projects IPO lead manager: Mefcom Capital Market has been appointed lead manager of the public issue. 9] Globe Civil Projects IPO listing date: The most likely date for listing shares is 1 July 2025. 10] Globe Civil Projects IPO review: On whether one should apply for the public issue or not, Gaurav Goel, Founder & Director at Fynocrat Technologies, said, "Globe Civil Projects Ltd. is a promising regional EPC player with a solid execution record, healthy margins, and improving profitability. While debt remains a concern and the company is still scaling up, the IPO is fairly valued and backed by a decent order book. Given its high RoE and project pipeline, investors with a long-term view and appetite for small-cap infra exposure should consider applying. However, short-term investors should temper expectations due to the company's size and sector risks." Advising investors to apply for the public issue, the Ventura Securities report says, "Globe Civil Projects Ltd, incorporated in 2002 and converted to a public company in 2024, is a Delhi-based infrastructure development company engaged in EPC (engineering, procurement, construction) contracts. The company executes government contracts involving roads, flyovers, bridges, sewerage systems, and civil structures, primarily for municipal corporations and urban local bodies. It operates in the fast-expanding Indian urban infrastructure sector and has executed over 55 projects since its inception. As of FY24, it had an order book exceeding ₹ 900 Cr. The company maintains strong EBITDA margins (33.2% in FY24) and reported a 3-year revenue CAGR of ~8%. The IPO is a fresh issue and aims to fund working capital needs and strengthen the balance sheet to support future growth." The market capitalisation of Mayasheel Ventures IPO is ₹ 424 crore. As of 31 March 2025, the company's price-to-book ratio was ₹ 3.92. The company's PAT margin stood at 4.59, and the debt-equity ratio was 1.60. The company's ROE is 21.95%, and ROCE is slightly above 23%. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
