Kalpataru Limited has informed the Exchange about Utilisation of Funds
KALPATARU · price
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Awaiting price reaction for this filing.
Kalpataru Limited, a realty company newly listed on NSE/BSE from July 1, 2025, has filed its first quarterly statement on the use of IPO proceeds as required under SEBI's Listing Regulations. The company raised Rs. 1,590 crore through the IPO that closed on June 26, 2025, with shares allotted on June 28, 2025. During the quarter ended June 30, 2025, Kalpataru utilized Rs. 500 crore entirely towards repayment of borrowings — Rs. 300 crore for itself and Rs. 200 crore for its subsidiary Agile Real Estate Private Limited. The remaining Rs. 1,090 crore (excluding nominal pending amounts) is parked in two ICICI Bank accounts (Public Issue Account and IPO Monitoring Account), and the balance proceeds were remitted between July 1-3, 2025, exactly in line with the stated objects. CARE Ratings, the Monitoring Agency, has confirmed there is no deviation or variation from the objects disclosed in the offer document.
This is a routine compliance filing with no negative signals. The company is using IPO proceeds as promised, primarily for deleveraging, which is generally positive for shareholders as it strengthens the balance sheet. No material impact on the stock price is expected from this disclosure.