Kalpataru Limited’s initial public offering to open on June 24, 2025

• Price Band fixed at ₹ 387 per equity share to ₹ 414 per equity share of the face value of ₹ 10 each (“Equity Shares”) of Kalpataru Limited (the “Company”)

• A discount of ₹ 38 per Equity Share is being offered to Eligible Employees Bidding in the Employee Reservation Portion.

• Bid/ Offer Opening Date – Tuesday, June 24, 2025 and Bid/ Offer Closing Date – Thursday, June 26, 2025

• Anchor Date – The Anchor Investor Bidding Date is one working day prior to Bid/ Offer opening date, being Monday, June 23, 2025

• Bids can be made for a minimum of 36 Equity Shares and in multiples of 36 Equity Shares thereafter

• Red Herring Prospectus (“RHP”) Link: https://www.icicisecurities.com/Upload/ArticleAttachments/Kalpataru%20Limited%20-%20Red%20Herring%20Prospectus.pdf
• For complete details, please also see price band advertisement published in Financial Express, Jansatta and Navshakti on June 19, 2025, Link: https://epaper.financialexpress.com/4022961/Mumbai/June-19-2025#page/20/1

https://epaper.jansatta.com/4023060/%E0%A4%B2%E0%A4%96%E0%A4%A8%E0%A4%8A/19#page/24

Bengaluru, June 19, 2025:  Kalpataru Limited (the “Company”), one of the prominent real estate developers in the Mumbai Metropolitan Region of Maharashtra (MMR) and present across all its micro-markets in MMR, will open its initial public offering on Tuesday, June 24, 2025.

The Anchor Investor Bidding Date is one Working Day prior to Bid/Issue Opening Date, that is, Monday, June 23, 2025. The Bid/ Issue Closing Date will be on Thursday, June 26, 2025.

The Price Band of the Issue has been fixed from ₹ 387 per Equity Share to ₹ 414 per Equity Share. Bids can be made for a minimum of 36 Equity Shares and multiples of 36 Equity Shares thereafter.

The Issue consists of a fresh issue of up to such number of Equity Shares aggregating up to ₹ 15,900 million (the “Fresh Issue”).

The Company proposes to utilize the net proceeds from the Issue towards repayment/pre-payment, in full or part, of certain borrowings availed by the Company and the subsidiaries; and general corporate purposes.

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for the domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not more than 15% of the Net Issue shall be available for allocation to Non-Institutional Investors, out of which (a) one third of such portion shall be reserved for applicants with application size of more than ₹ 0.20 million and up to ₹ 1.00 million and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹ 1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Investors and not more than 10% of the Net Issue shall be available for allocation to RIIs in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. Further, up to [•] Equity Shares aggregating to ₹159.00 million will be available for allocation to Eligible Employees, subject to valid Bids being received at or above the Issue Price. All Bidders, other than Anchor Investors, are required to participate in the Issue by mandatorily utilising the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Investors, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on both BSE Limited (“BSE“) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”).

ICICI Securities Limited, JM Financial Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (BRLMs) to the Issue.

All capitalised terms referred to in this press release that have not been defined shall have the same meaning as prescribed in the red herring prospectus of the Company dated June 18, 2025 (“RHP”).