Kalpataru Projects International Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Kalpataru Projects International (KPIL) has successfully completed its Rs 1,000 crore Qualified Institutions Placement (QIP). This marks the first equity raise by KPIL in over a last decade.

The QIP witnessed an overwhelming response from a diverse group of investors including domestic mutual funds, foreign investment funds and insurance companies. This significant milestone underlines KPIL's strong credentials in the global EPC space and highlights investors' confidence in the robust outlook for the power transmission and civil infrastructure sector.

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Kalpataru Projects International has allotted 83,26,394 equity shares to qualified institutional buyers at the issue price of Rs 1,201 per equity share (including a premium of Rs 1,199 per equity share), which includes a discount of Rs 13.98 per equity share (1.15% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price, aggregating to Rs 999.99 crore, pursuant to the QIP Issue.

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The company's board authorized and declared the opening of the issue on Thursday, 12 December 2024.

The floor price of Rs 1,214.98 is at a discount of 5.45% to the previous day's closing price of Rs 1284.95 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue.

The issue price will be determined by the company in consultation with the bookrunning lead manager appointed for the issue.

Kalpataru Projects International (KPIL) is part of the Kalpataru Group, a diversified conglomerate with interests in EPC and real estate. KPIL is involved in EPC segment mainly in power T&D segment, railway infrastructure and oil & gas infrastructure and has presence in 70 countries. KPIL has extended its reach in the European market through its subsidiary Linjemontagei Grastorp AB in Sweden and Latin America through its subsidiary Fasttel Engenharia Ltda in Brazil.

The company’s consolidated net profit jumped 41.2% to Rs 125.50 crore on a 9.1% increase in net sales to Rs 4,929.93 crore in Q2 FY25 over Q2 FY24.

The scrip declined 0.58% to Rs 1,277.55 on the BSE.

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Kalpataru Projects International (KPIL), along with its international subsidiaries have secured new orders/notification of awards of Rs 2,174 crore.

The details of the aforesaid new orders are as follows: „h

- Order for design & construction of elevated metro rail project in India „h

- Orders in the Transmission & Distribution (T&D) business in India and overseas market „h

- Residential Building project in India

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