Kalpataru IPO GMP History
Kalpataru IPO has been listed on July 1, 2025 at a listing price of ₹414, against the issue price of ₹414 — a gain of ₹0 (+0%). The GMP peaked at ₹10 on 20 June 2025 and reached a low of ₹1 on 28 June 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Kalpataru IPO raised ₹1590 Cr. through its IPO at a price band of ₹387 to ₹414 per share, with a lot size of 36 shares. The IPO was open for subscription from 24 Jun 2025 to 26 Jun 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 1:05 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 28 Jun 2025 | ₹ 1 | ▼ | -- | — | — |
| 26 Jun 2025 | ₹ 3 | ▼ | 1% | — | — |
| 25 Jun 2025 | ₹ 5 | ▼ | 1% | — | — |
| 24 Jun 2025 | ₹ 8 | ▼ | 2% | — | — |
| 22 Jun 2025 | ₹ 9 | ▼ | 2% | — | — |
| 20 Jun 2025 | ₹ 10 | — | 2% | — | — |
Kalpataru IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 24 Jun 2025
- Close 26 Jun 2025
- Allotment 27 Jun 2025
- Refund/credit 30 Jun 2025
- Listing 01 Jul 2025
Kalpataru IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹414 |
|---|---|
| GMP-based estimate (pre-listing) | ₹415 (+0.2%) |
| Listing gain / loss | +₹0 per share |
| Listing date | 01 Jul, 2025 |
| Actual listing price | ₹414 (+0%) |
Is Kalpataru IPO GMP reliable?
Grey market premium for Kalpataru IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Kalpataru IPO full review for a fundamentals-based assessment before making any grey market trades.
Kalpataru IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Kalpataru IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Kalpataru IPO
Kalpataru Limited was founded in 1988 and is based in Mumbai. It is an integrated developer that handles land acquisition, planning, design, execution, sales and marketing. It builds luxury, premium and mid-income homes, commercial and retail projects, integrated townships and redevelopments.
The company is active across micro-markets in the Mumbai Metropolitan Region. It also works in Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru and Jodhpur.
It belongs to the Kalpataru Group, which includes Kalpataru Projects International, Property Solutions (India) and Shree Shubham Logistics. It had 40 ongoing and 70 completed projects on 31 March 2024.
The IPO was a fresh issue of Rs 1,590 crore. Rs 1,192.50 crore of it was planned for repaying borrowings.
Frequently asked
What is the GMP of Kalpataru IPO?
The current Grey Market Premium (GMP) of Kalpataru IPO is ₹ 1.
What is the Kostak Price of Kalpataru IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Kalpataru IPO is not available.
What is the Subject to Sauda Price of Kalpataru IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Kalpataru IPO?
Kalpataru IPO listed on July 1, 2025 at ₹414, against the issue price of ₹414 — a gain of +0%.
How did the GMP of Kalpataru IPO trend before listing?
The GMP of Kalpataru IPO was falling in its final days before listing. The GMP peaked at ₹10 on 20 June 2025. View the day-wise table above for the complete GMP history.
Explore Kalpataru IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
