Kalpataru Limited has informed the Exchange about Utilisation of Funds
KALPATARU · price
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Kalpataru Limited, a realty company that recently listed via IPO in June 2025, has filed a quarterly statement on the use of the Rs 1,590 crore raised. During the quarter ended June 30, 2025, Rs 500 crore was deployed – Rs 300 crore to repay Kalpataru Limited's own borrowings and Rs 200 crore to repay borrowings of subsidiary Agile Real Estate Private Limited. The balance Rs 692.50 crore earmarked for borrowing repayment was remitted between July 1 and July 3, 2025 in line with the IPO plan. Additionally, between July 1 and August 13, 2025, Rs 25.38 crore was used for general corporate purposes and Rs 20.55 crore for issue expenses. As of August 13, 2025, Rs 285.98 crore for general corporate purposes and Rs 65.59 crore for issue expenses remain unutilized, parked in specified bank accounts and fixed deposits. The Monitoring Agency, CARE Ratings, has confirmed there is no deviation from the objects stated in the prospectus, and the Audit Committee and auditors have raised no objections.
This is a routine regulatory disclosure confirming IPO funds are being used as promised to shareholders, with no deviation — a positive sign for corporate governance. Investors should note that a meaningful portion of the IPO money (around Rs 351 crore) is still parked in bank accounts and FDs awaiting deployment for general corporate purposes and issue expenses by the March 31, 2026 deadline.