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    <title>Kalpataru raises Rs 708 cr from anchor investors ahead of IPO</title>
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    <description>Kalpataru Ltd allocated over 1.71 crore equity shares at the upper end of its IPO price band to nine anchor investors as disclosed on the exchange. The IPO is an entirely fresh issue of equity with no offer-for-sale component; proceeds are to be used for debt repayment and general corporate purposes. The red herring prospectus reports recent property sales, details of the company&#039;s project portfolio and geographic concentration, and the allocation precedes the public subscription window.</description>
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