Keystone Realtors Limited

Keystone Realtors Limited

Mainboard

₹14,607 / 27 Shares

Offer Date:Nov 14, 2022 - Nov 16, 2022
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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

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Keystone 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.

ApplicationLotsSharesAmount
Retail (Min)127₹14,607
Retail (Max)13351₹1,89,891
S-HNI (Min)14378₹2,04,498
S-HNI (Max)681836₹9,93,276
B-HNI (Min)691863₹10,07,883

Keystone Realtors Limited IPO Timeline

IPO Open Date
14 Nov, 2022
IPO Close Date
16 Nov, 2022
Basis of Allotment
21 Nov, 2022
Listing Date
24 Nov, 2022

Issue Price

₹514-541 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

Axis Capital Limited ,Credit Suisse Securities (India) Private Limited

Issue Size

Total 635 Cr : Fresh 560 Cr + OFS 75 Cr

Keystone Realtors Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 223876.841302.97135.83---
31 Mar 213654.11177.27231.82---
31 Mar 204415.311268.614.49---
31 Mar 194153.072142.65137.74---

All values are in ₹ Cr.

Promoters & Share Holding

Promoter(s) Name

  • Boman Rustom Irani
  • Percy Sorabji Chowdhry
  • Chandresh Dinesh Mehta
Share Holding Pre IssueShare 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.

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Keystone Realtors Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved2,470,816
1,853,113

1,235,408    617,705
4,323,9298,647,858
Day 1 -14-11-22 05:00 PM
0.00 x
0.11

0.13 x   0.09 x
0.12 x0.08 x
Day 2 -15-11-22 05:00 PM
0.49 x
0.72

1.00 x   0.17 x
0.24 x0.41 x
Day 3 -16-11-22 05:00 PM
3.84 x
3.03

3.78 x   1.53 x
0.53 x2.01 x
Total No. of Applications:

Company Contact Details

Keystone Realtors Limited

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

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.

PD

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.

Keystone Realtors Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK