Kalpataru’s Rs 1,590 crore IPO opens for subscription today, with proceeds earmarked largely for debt repayment. While the realty firm has a strong presence in Mumbai and Pune, concerns around high valuations, tepid profitability, and elevated debt levels have led analysts to advise caution.
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Kalpataru IPO opens today. Should you subscribe to this Rs 1,590-crore issue?
