Kalpataru IPO Listing: Shares Open At Rs. 414 with Zero Premium, GMP Matches, Stock Trades Positive

Kalpataru Projects International Ltd made a flat debut on Dalal Street as its shares listed at Rs. 414 on both the NSE and BSE, exactly matching the upper end of its IPO price band. The Rs. 1,590 crore Kalpataru IPO had set a price band of Rs. 387 to Rs. 414 per share. This was a disappointment for market watchers who were eagerly awaiting its listing performance after a decent subscription response.

Kalpataru Share Price Today

On the NSE, Kalpataru shares are listed at Rs. 414 per share, with a 0% listing premium. The scenario was similar on the BSE, where the stock opened at Rs. 414.10-just 0.02% higher than the issue price. Despite the muted start, the Kalpataru share price today climbed to ₹428.30 as of 10:30 AM IST, delivering a modest 3.45% gain to early investors.

So far during intraday trade, the stock has touched a high of Rs. 453 and a low of Rs. 414.10, indicating slight volatility after listing. Over 482,000shares were traded on the BSE in the first hour of trading.

Kalpataru IPO Subscription Details

The Kalpataru IPO subscription saw a reasonable investor interest as the public issue was subscribed to 2.26 times in total. QIBs subscribed 3.12 times, while the NIIs subscribed it 1.31 times, and the retail investors subscribed it 1.29 times.

The IPO was open for bidding between June 24 and June 26, 2025. Ahead of the main issue, Kalpataru raised Rs. 708.34 crore via anchor investors on June 23.

Ahead of the listing today, the Kalpataru IPO grey market premium was recorded at Rs. 1.5 per share, according to the Investorgain website. Based on this premium, the expected listing gain was just 0.36%, suggesting a muted opening. The actual listing matched the GMP estimates, with the stock debuting at par value on both NSE and BSE.

About Kalpataru Company

Kalpataru Projects International Ltd. is an infrastructure engineering and construction company. For the nine months ended December 31, 2024, the company reported a consolidated net profit of Rs 5.51 crore on a total income of Rs 1,624.74 crore.
Post-listing, the market capitalisation of Kalpataru stood at Rs 8,524.84 crore.

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