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Real estate developer Kalpataru files for IPO
Kalpataru has filed a DRHP with SEBI to raise ₹1,590 crore via an IPO, with no offer for sale from current investors. The proceeds will repay borrowings and address corporate needs. The firm had a loss reduction from ₹226.79 crore to ₹113.8 crore in FY24, despite a 45% drop in total income.