Kalpataru stock price today: Shares list flat at Rs 414, but rally 9% later amid cautious optimism
Shares of Mumbai-based real estate developer Kalpataru Ltd made a flat debut on the BSE and NSE on Tuesday, listing at Rs 414, the upper end of its IPO price band. However, the stock later gathered momentum, rising over 9% to Rs 453 on the BSE and Rs 452.80 on the NSE. The company commanded a market capitalisation of over Rs 9,121 crore in early trade.The Rs 1,590 crore IPO, entirely a fresh issue of 3.84 crore shares, saw moderate demand with an overall subscription of 2.31 times. Qualified Institutional Buyers (QIBs) led the interest, subscribing 3.12 times their allocated portion, while retail and non-institutional investor categories were subscribed 1.43 and 1.40 times respectively, reported ET. The IPO did not include any…
