Kalpataru issues list flat at IPO price on NSE, analysts advise buy, sell or take the wait and watch approach

Kalpataru issues list flat at IPO price on NSE, analysts advise buy, sell or take the wait and watch approach

The Kalpataru shares were listed recently on the National Stock Exchange (NSE) on 1 July at the same price of the IPO of Rs. 163. At the primary market, the share was subscribed more than 2.26 times.

At the NSE, Kalpataru shares were at par with its issue price as they were listed as Rs 414 per share. This initial public offer (IPO) was Rs 1,590-crore with the price band between Rs 387 to 414 per share. The overall market cap of company after listing of shares was Rs 8,524.84 crore

The stock of the company traded flat at a premium of 0.02 percent at Rs. 414.10 on the BSE as well.

Qualified Institutional Buyers (QIBs) category was subscribed by 3.12 and the lot of non-institutional investors was subscribed by 1.31. The Retail Individual Investors (RIIs) section was subscribed 1.29 times.

has a diversified order book and operations in other countries, having helped build infrastructure and EPC space. Yet, both the execution schedule and industry headwinds are issues that could limit enthusiasm on the listing date. Investors will have to consider these as partial gains on listing but those who have a long-term view can hold them, added this analyst, especially when they believe that a company has the ability to monetise its order book effectively.

Kalpataru is the Mumbai-based company involved in residential and commercial projects development and projects on retail stores and integrated townships. It also lies in regeneration of the societies. Kalpataru is a major real estate developer in the country having respectable operations in the Mumbai Metropolitan Region (MMR) in the state of Maharashtra.

Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

Top 5 Iconic Bikes in India That Never Went Out of Style

 

Top 5 Iconic Bikes in India That Never Went Out of Style

Scores of iconic bikes are known to age gracefully on the streets of India. These are five bikes that continue to raise eyebrows to date. Bikes are a few of those items that improve as they age. There is history in them, heart and character. Some of them have matured like fine wine and they bring pleasure, sense of style and nostalgia in India. Here we go to the top 5 iconic bikes that are being embraced by the people even today.

Royal Enfield Classic 350: Rs 1.95 Lakh

The Classic 350 is highly vintage, and it offers the feeling of passing back into time during the ride. It was introduced in 2009, however, it has the appearance of a 1950s bike. Every Indian biker is passionate about its thundering engine and its weighty solid structure. The motorbike has 349 cc and a power of 20.2 bhp which is ideal on long journeys. Classic 350 is recognized to be comfortable, easy to work on and has relaxed cruising. It retains the retro spirit despite having modern edits. It is both a touring and weekend favourite. This is the bike of a soulful travel.

Suzuki Hayabusa: Rs 16.90 Lakh

When it was released at the beginning of the 2000s, the Hayabusa was a shock to the world with the top speed. It was also the fastest production bike of the world. The new of the newest models still maintain that speed with considerably improved safety and technology. It is equipped with a huge 1340cc with a 190 bhp engine and smooth acceleration. The Suzuki Hayabusa is a striking package with speed, luxury and affability. It is very different and evokes people to stop and stare. Riders desire having this superbike even after 20 years.

KTM 390 Duke: Rs 2.97 Lakh

KTM 390 Duke was launched in India in 2013 and transformed the mid-size motorcycle segment. It brought in a young sportster, aggressive appearance and high performance. It is equipped with a 398.63cc engine and it produces the exciting power of 45.3 bhp. Duke is a light bodied bike with superb cornering features. It feels very premium with its TFT display screen, throttle ride-by-wire, as well as quickshifter. In 2025, KTM offered a 10-year warranty as it believed in its quality. It is perfect when running in the city or going out on the weekend or even short drives on the highway. The Duke is as new and exciting even after these years.

Yamaha R15 V4: Rs 1.82 Lakh 

The Yamaha R15 V4 looks and feels like a superbike with a smaller size. It has a very aggresive riding position, an aerodynamic profile and a razor-sharp stylington. The engine is puny 155cc yet a powerful and responsive ride. It produces 18.15 bhp of power sensing VVA (Variable Valve Actuation). It means the smooth and low-speed rides and hard and strong pulls. It also comes with an assist-and-slipper clutch with traction control, which is something you cannot imagine at this price range. It is perfect to commute every day and have adventures on weekends.

Royal Enfield Bullet 350: Rs 1.75 Lakh 

The Bullet 350 is the Indian oldest motor cycle which has been manufactured since 1931. It has proudly seen wars and parades, as well as thousands of Indian roads. It also has a simple design consisting of round headlight, teardrop tank, and long single seat. Bullet is welcomed because of the slow steady ride and big thump. The all-new Royal Enfield Bullet 350 has come in 2023 with modern facelifts. It is currently provided with the J-series engine that is greener and smoother than the previous one. It still has the raw old-school flair that has made Bullet fans obsessed with it.