Latest news with #KalpataruProjectsInternational
Business Standard
6 days ago
- Business
- Business Standard
Kalpataru Projects secures new orders worth Rs 989 crore
Kalpataru Projects International said that the company, along with its international subsidiaries, has secured new orders worth approximately Rs 989 crore. The company also disclosed that the new orders include projects in the Power Transmission & Distribution (T&D) sector in the overseas market. Manish Mohnot, MD & CEO, KPIL, said, We are pleased with the new order wins in our T&D business. We are particularly enthused by the traction in our T&D business over the past few years on back of increased demand for grid infrastructure globally. We are equipped to leverage the T&D opportunity given our execution prowess and global expertise across the T&D EPC value chain ranging from design, engineering, testing, tower manufacturing, installation and commissioning. With these new orders, our order intake till date in FY26 has reached ~ Rs 7,150 crore, giving us good visibility for growth going forward. Kalpataru Projects International (KPIL) is one of the largest specialized EPC companies engaged in power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports. The companys consolidated net profit jumped 37.2% to Rs 225.41 crore on 18.3% increase in revenue from operations to Rs 7066.77 crore in Q4 FY25 over Q4 FY24. Shares of Kalpataru Projects fell 0.59% to Rs 1,221.70 on the BSE.
India Today
23-06-2025
- Business
- India Today
3 IPOs to open tomorrow: Check details of Kalpataru, Ellenbarrie, Globe Civil
Three companies, Kalpataru Projects International, Ellenbarrie Industrial Gases, and Globe Civil Projects, are set to open their initial public offerings (IPOs) for subscription on Tuesday, June 24. All three public issues will remain open till Thursday, June IPO action has heated up in June with Arisinfra Solutions, Oswal Pumps, already making their debut on stock exchanges. The combined size of these IPOs stands at over Rs 2,500 crore, and all three are expected to list on the stock exchanges on July 1. Here's a look at the details of each PROJECTS IPOKalpataru Projects International, a real estate company based in Mumbai, is looking to raise Rs 1,590 crore through a fresh issue of equity shares. The price band has been set at Rs 387 to Rs 414 per share, and investors can apply in lots of 36 company plans to use around Rs 1,192 crore from the net proceeds to repay outstanding borrowings and for general corporate purposes. Kalpataru Projects is part of the Kalpataru Group and develops residential, commercial, retail and township projects in the Mumbai Metropolitan Region and the nine months ending December 2024, the company reported revenue of Rs 1,624 crore, down from Rs 1,930 crore in the same period a year ago. It turned profitable during the period after posting losses in the to market analysts, the grey market premium (GMP) for Kalpataru shares is currently flat, indicating cautious investor INDUSTRIAL GASES IPOEllenbarrie Industrial Gases is planning to raise Rs 852.5 crore through a combination of fresh issue and offer for sale (OFS). The IPO price band is Rs 380 to Rs 400 per share, with a lot size of 37 in Kolkata, the company has been in the industrial and medical gases business for over 50 years. It operates eight plants across India and is the largest 100% Indian-owned industrial gas company by capacity in East and South funds raised will be used to repay debt and to set up a new 220 tonnes per day air separation the IPO has drawn attention for being priced steeply. The issue values the company at nearly 68 times its earnings, which is much higher than the industry average of about 14 allotment for Ellenbarrie's IPO is expected to be finalised on June 27, with listing set for July CIVIL PROJECTS IPOInfrastructure services firm Globe Civil Projects will also open its IPO on June 24, aiming to raise Rs 119 crore through a complete fresh issue. The price band has been fixed at Rs 67 to Rs 71 per share, and the minimum application size is 211 company is involved in engineering, procurement and construction (EPC) work and has shown steady financial growth. It reported revenue of around Rs 335 crore in FY24, up from Rs 235 crore in FY23. Net profit jumped from Rs 4.85 crore to Rs 15 crore during the same GMP for Globe Civil Projects is around Rs 13, indicating a premium of nearly 19% over the upper price band, suggesting strong interest from basis of allotment is expected by June 27, with the listing scheduled for July 1All three IPOs offer different sectoral exposure such as real estate, industrial gases, and infrastructure services. Investors are advised to read the red herring prospectus (RHP) and assess their risk appetite before applying. advertisement
Time of India
23-06-2025
- Business
- Time of India
Kalpataru shares trade at 2% GMP ahead of issue opening. Key things to know
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Mumbai-based real estate developer Kalpataru traded at a grey market premium (GMP) of 2.17% or Rs 9 in the unlisted market ahead of the opening of its initial public offering IPO ) on Tuesday, June grey market premium (GMP) represents the price at which shares of an upcoming IPO are trading in the informal, unofficial market prior to their listing on a stock exchange. A high or positive GMP typically signals strong investor interest and suggests that the stock may debut at a price above its issue a zero or negative GMP points to weak demand and raises the possibility of the stock listing at a it is important to note that GMP is not regulated by SEBI or any stock exchange. It is driven purely by market sentiment and does not guarantee the actual listing Rs 1,590 crore IPO of Kalpataru Projects International is a pure fresh issue, with no offer-for-sale (OFS) component. As a result, the entire proceeds from the offering will go directly to the company to support debt reduction and business expansion. The basis of allotment is expected to be finalised on June 27, with a tentative listing scheduled for July 1 on both the BSE and investors can apply for a minimum of one lot comprising 36 shares, requiring an investment of Rs 13,932 at the floor price and Rs 14,904 at the cap price. Small non-institutional investors must bid for at least 14 lots (504 shares), amounting to Rs 2,08,656, while large non-institutional investors are required to apply for 68 lots (2,448 shares), which translates to an investment of Rs 10,13, per the Red Herring Prospectus, Kalpataru Projects International plans to utilise Rs 1,192.5 crore of the net proceeds from the IPO for the repayment or prepayment of borrowings at both the company and subsidiary levels. The balance amount will be allocated towards general corporate issue will open on Tuesday, June 24 and will close for public bidding on June 26. The allotment of shares is likely to take place on June 27, and the shares of the company are proposed to be listed on NSE and BSE on July in 1988, Kalpataru Limited is a part of the Kalpataru Group and is engaged in the development of residential, commercial, and retail properties, including integrated townships. The company has successfully delivered 70 projects and is currently executing 40 ongoing developments across key cities such as Mumbai, Pune, Hyderabad, Bengaluru, and broader Kalpataru Group ecosystem includes infrastructure and logistics arms like Kalpataru Projects International and Shree Shubham Logistics, enabling strategic synergies across the real estate value Projects International reported a profit after tax of Rs 5.51 crore for the nine months ended December 2024, marking a turnaround from a loss of Rs 116.51 crore in FY24 and Rs 229.43 crore in FY23. During the same nine-month period, the company recorded revenue of Rs 1,699 of December 31, 2024, Kalpataru's total borrowings stood at Rs 11,056 crore, while its total assets amounted to Rs 15,562 crore, according to disclosures in the company's filings.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
23-06-2025
- Business
- Economic Times
Kalpataru shares trade at 2% GMP ahead of issue opening. Key things to know
Shares of Mumbai-based real estate developer Kalpataru traded at a grey market premium (GMP) of 2.17% or Rs 9 in the unlisted market ahead of the opening of its initial public offering (IPO) on Tuesday, June 24. ADVERTISEMENT The grey market premium (GMP) represents the price at which shares of an upcoming IPO are trading in the informal, unofficial market prior to their listing on a stock exchange. A high or positive GMP typically signals strong investor interest and suggests that the stock may debut at a price above its issue price. Conversely, a zero or negative GMP points to weak demand and raises the possibility of the stock listing at a discount. However, it is important to note that GMP is not regulated by SEBI or any stock exchange. It is driven purely by market sentiment and does not guarantee the actual listing price. About Kalpataru IPO The Rs 1,590 crore IPO of Kalpataru Projects International is a pure fresh issue, with no offer-for-sale (OFS) component. As a result, the entire proceeds from the offering will go directly to the company to support debt reduction and business expansion. The basis of allotment is expected to be finalised on June 27, with a tentative listing scheduled for July 1 on both the BSE and NSE. ADVERTISEMENT Retail investors can apply for a minimum of one lot comprising 36 shares, requiring an investment of Rs 13,932 at the floor price and Rs 14,904 at the cap price. Small non-institutional investors must bid for at least 14 lots (504 shares), amounting to Rs 2,08,656, while large non-institutional investors are required to apply for 68 lots (2,448 shares), which translates to an investment of Rs 10,13, per the Red Herring Prospectus, Kalpataru Projects International plans to utilise Rs 1,192.5 crore of the net proceeds from the IPO for the repayment or prepayment of borrowings at both the company and subsidiary levels. The balance amount will be allocated towards general corporate purposes. ADVERTISEMENT Kalpataru IPO key datesThe issue will open on Tuesday, June 24 and will close for public bidding on June 26. The allotment of shares is likely to take place on June 27, and the shares of the company are proposed to be listed on NSE and BSE on July 1. About Kalpataru Ltd ADVERTISEMENT Founded in 1988, Kalpataru Limited is a part of the Kalpataru Group and is engaged in the development of residential, commercial, and retail properties, including integrated townships. The company has successfully delivered 70 projects and is currently executing 40 ongoing developments across key cities such as Mumbai, Pune, Hyderabad, Bengaluru, and broader Kalpataru Group ecosystem includes infrastructure and logistics arms like Kalpataru Projects International and Shree Shubham Logistics, enabling strategic synergies across the real estate value chain. Kalpataru Projects International reported a profit after tax of Rs 5.51 crore for the nine months ended December 2024, marking a turnaround from a loss of Rs 116.51 crore in FY24 and Rs 229.43 crore in FY23. During the same nine-month period, the company recorded revenue of Rs 1,699 crore. ADVERTISEMENT As of December 31, 2024, Kalpataru's total borrowings stood at Rs 11,056 crore, while its total assets amounted to Rs 15,562 crore, according to disclosures in the company's filings. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
New Indian Express
19-06-2025
- Business
- New Indian Express
Real estate major Kalpataru's Rs 1,590 crore IPO opens on Tuesday
MUMBAI: City-based realty major Kalpataru, which is the fifth largest player in the MMR, has fixed the price band for its Rs 1,590-crore IPO at Rs 387-414, and said the issue will open to public subscription on Tuesday. The IPO is a fresh issue of shares worth Rs 1,590 crore with no offer-for-sale component. At the upper end of the price band, the company is valued at around Rs 8,500 crore. As much as Rs 950 crore of the IPO proceeds will be used for pre-payment debt, which is a little over Rs 10,000 crore and the rest will be used for general corporate purposes, the 55-year-old company, which has delivered over 25 million sqft of developed areas across 155 projects, said. Kalpataru, part of the Kalpataru group which has a listed infra arm called Kalpataru Projects International that is primarily into building energy infra through EPC EPC for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management, has most of its projects located in the MMR and Pune. It also has projects in Hyderabad and Noida in Uttar Pradesh. The company develops luxury, premium, and mid-income residential, commercial, and retail projects, integrated townships, lifestyle gated communities, and redevelopments.
