
Keystone Realtors Limited
Mainboard₹14,607 / 27 Shares
Keystone Realtors Limited IPO Details
The Keystone Realtors Limited IPO price band is set between ₹514-541 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 14 Nov, 2022 and closes on 16 Nov, 2022. Investors can check the allotment status on 21 Nov, 2022, while the listing date is tentatively scheduled for 24 Nov, 2022.
The total issue size is Total 635 Cr : Fresh 560 Cr + OFS 75 Cr, aggregating up to . Stay tuned for the latest Keystone Realtors Limited IPO review and GMP updates.
Keystone Realtors Limited IPO Review, Rating & Analysis
Keystone Realtors Limited IPO Review
NO REVIEWKeystone Realtors Limited IPO Rating
Keystone Realtors Limited IPO Highlights
IPO Date
Nov 14, 2022 - Nov 16, 2022
Listing Date
24 Nov, 2022
Face Value
₹10 Per Equity Share
Price Band
₹514-541 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Keystone Realtors Limited IPO Lot Size
The minimum market lot for Keystone Realtors Limited IPO is 27 shares with an application amount of ₹14,607. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,607 |
| Retail (Max) | 13 | 351 | ₹1,89,891 |
| S-HNI (Min) | 14 | 378 | ₹2,04,498 |
| S-HNI (Max) | 68 | 1836 | ₹9,93,276 |
| B-HNI (Min) | 69 | 1863 | ₹10,07,883 |
Keystone Realtors Limited IPO Timeline
Issue Price
₹514-541 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Axis Capital Limited ,Credit Suisse Securities (India) Private LimitedIssue Size
Total 635 Cr : Fresh 560 Cr + OFS 75 CrKeystone Realtors Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 3876.84 | 1302.97 | 135.83 | - | - | - |
| 31 Mar 21 | 3654.1 | 1177.27 | 231.82 | - | - | - |
| 31 Mar 20 | 4415.31 | 1268.6 | 14.49 | - | - | - |
| 31 Mar 19 | 4153.07 | 2142.65 | 137.74 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Boman Rustom Irani
- Percy Sorabji Chowdhry
- Chandresh Dinesh Mehta
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 96.71% | 87.92% |
About Company
Keystone Realtors Limited is one of the prominent real estate developer. The company is engaged primarily in the business of real estate construction, development and other related activities in India.
As of June 30, 2022, the company had 32 Completed Projects, 12 Ongoing Projects and 21 Forthcoming Projects across the Mumbai Metropolitan Region (MMR) that includes a comprehensive range of projects under the affordable, mid and mass, aspirational, premium and super premium categories, all under the Rustomjee brand.
June 30, 2022, Keystone Realtors have developed 20.22 million square feet of high-value and affordable residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks and various other real estate projects.
As part of the business model, the company is entering into joint development agreements, redevelopment agreements with landowners or developers or societies, and slum rehabilitation projects, which requires lower upfront capital investment compared to direct acquisition of land parcel.
The company have adopted an integrated real estate development model for every stage of the property development life cycle, commencing from business development, which involves the identification of land parcels and the conceptualization of the development, to execution, comprising planning, designing and overseeing the construction activities, marketing and sales.
As of June 30, 2022, The company have developed over 280 buildings and homes for over 14,000 families.
Keystone Realtors Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,470,816 | 1,853,113 1,235,408 617,705 | 4,323,929 | 8,647,858 |
Day 1 -14-11-22 05:00 PM | 0.00 x | 0.11 0.13 x 0.09 x | 0.12 x | 0.08 x |
Day 2 -15-11-22 05:00 PM | 0.49 x | 0.72 1.00 x 0.17 x | 0.24 x | 0.41 x |
Day 3 -16-11-22 05:00 PM | 3.84 x | 3.03 3.78 x 1.53 x | 0.53 x | 2.01 x |
Frequently Asked Questions about Keystone Realtors Limited IPO
When will Keystone Realtors Limited IPO open for subscription?
The Keystone Realtors Limited IPO opens on 14 Nov, 2022 and closes on 16 Nov, 2022.
What is the investors portion for Keystone Realtors Limited IPO?
The investors' portion for QIB is 3.84 x, NII is 3.78 x, and Retail is 0.53 x.
How to apply for Keystone Realtors Limited IPO?
You can apply for Keystone Realtors Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Keystone Realtors Limited IPO?
The issue size of Keystone Realtors Limited IPO is approx ₹Total 635 Cr : Fresh 560 Cr + OFS 75 Cr crores.
What is the price band of Keystone Realtors Limited IPO?
The price band for Keystone Realtors Limited IPO is ₹514 to ₹541 per equity share.
What is the lot size of Keystone Realtors Limited IPO?
The minimum bid (lot size) for Keystone Realtors Limited IPO is N/A shares with an investment of approx ₹14,607 .
What is the allotment date of Keystone Realtors Limited IPO?
The allotment date for Keystone Realtors Limited IPO is 21 Nov, 2022.
What is the listing date of Keystone Realtors Limited IPO?
The listing date for Keystone Realtors Limited IPO is expected to be 24 Nov, 2022.
What is the GMP of Keystone Realtors Limited IPO?
The latest Grey Market Premium (GMP) for Keystone Realtors Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
