Kalpataru has received go ahead from market regulator Securities and Exchange Board of India (SEBI) to float initial public offerings (IPO). The company’s IPO comprises a fresh issue of shares aggregating up to Rs 1,590 crore. It would use Rs 1,192.5 crore for payment of debt.
ICICI Securities Ltd, JM Financial Ltd and Nomura Financial Advisory and Securities (India) Private Ltd are the book running lead managers for the issue.
Kalpataru is part of the Kalpataru group. The group operates in various sectors, including EPC contracting for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management.
