Real estate company Kalpataru Ltd. has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to raise up to ₹1,590 crore through an Initial Public Offering (IPO). The company proposes to utilise the net proceeds towards repayment/pre-payment, in full or in part, of certain borrowings availed by it and its subsidiaries; and general corporate purposes. ICICI Securities Ltd, JM Financial Ltd. and Nomura Financial Advisory and Securities (India) Private Ltd. are the Book Running Lead Managers to the issue.
