IndiaLaw LLP has acted as legal counsel to Kalpataru Limited in its recently concluded Initial Public Offering (IPO), which successfully raised ₹1,590 crore. Kalpataru Limited, a prominent player in the Indian real estate sector, has now listed its equity shares on both BSE Limited and NSE Limited.
As legal advisor, IndiaLaw LLP provided comprehensive legal support tailored to the specific regulatory and commercial nuances of real estate sector IPOs. The firm's scope of work included:
• Sector-Specific Advisory: Offering strategic legal advice aligned with the regulatory framework governing real estate companies in India.
• Comprehensive Due Diligence: Conducting detailed due diligence on Kalpataru's real estate assets, verifying title, regulatory compliance, and resolving encumbrances—key prerequisites for a real estate IPO.
• Regulatory Compliance: Ensuring compliance with the Real Estate (Regulation and Development) Act (RERA) and local land laws to facilitate a smooth public issue process.
• Stakeholder Coordination: Liaising with registrars, consultants, and other intermediaries to resolve real estate-related queries and ensure timely disclosures.
• Master Title Certificate: Preparing and issuing the Master Title Certificate as mandated by SEBI (ICDR) Regulations, certifying clear and marketable title to the real estate assets disclosed in the Draft and Red Herring Prospectuses (DRHP and RHP).
The IPO marks a significant milestone for Kalpataru Limited, reinforcing its market position and reflecting investor confidence in the Indian real estate sector.
The IndiaLaw LLP team advising on the transaction included: Shiju P. V., Managing Partner, Suresh Palav, Partner, Shweta Tiwari, Associate Partner, Sushma Gowda, Associate