IPO

Keystone Realtors Limited IPO

Mainboard

Residential, Commercial Projects

Listed On: Nov 24, 2022 at ₹ 555.0(NSE)

₹ 14607 /27 Shares

Check Allotment

Price Summary

Last Closing

732.00 (35.3%)

52 Week High

790.35

52 Week Low

518.00

Last Update

20-Sep-2024 3:30 PM

Keystone Realtors Limited IPO Details

14 Nov, 2022

Open Date

16 Nov, 2022

Close Date

21 Nov, 2022

Allotment Date

24 Nov, 2022

Listing Date

Issue Price

₹514-541 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

555.0(NSE)

Listing Date

2022-11-24

Market Lot

27 Shares (₹14,607/-)
sHNI : 378 Shares (₹2,04,498/-)
bHNI : 1,863 Shares (₹10,07,883/-)

Lead Manager

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

Issue Size

Total 635 Cr : Fresh 560 Cr + OFS 75 Cr

Retail Portion

35% (Number of Retail Applications : 1,52,150 Approx),
(Number of sHNI Applications : 1,550 Approx),
(Number of bHNI Applications : 3,100 Approx)

Subscription

2.01 times

IPO Docs

DRHP RHP

Keystone Realtors Limited IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved2,470,8161,853,113
1,235,408    617,705		4,323,9298,647,858
Day 1 - 14-11-22 05:00 PM0.00 x0.11
0.13 x   0.09 x		0.12 x0.08 x
Day 2 - 15-11-22 05:00 PM0.49 x0.72
1.00 x   0.17 x		0.24 x0.41 x
Day 3 - 16-11-22 05:00 PM3.84 x3.03
3.78 x   1.53 x		0.53 x2.01 x

Keystone Realtors Limited Valuations

Earnings Per Share (EPS)

₹13.96/-

P/E Ratio

N/A

RoNW

14.97%

Net Asset Value (NAV) - As on 31.03.22

₹93.24

Keystone Realtors Limited Company Financials All values are in ₹ Cr.

31-Mar-2231-Mar-2131-Mar-2031-Mar-19
Assets3876.843654.14415.314153.07
Revenue1302.971177.271268.62142.65
Profit After Tax135.83231.8214.49137.74

About The 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 - Promoter(s)

Pre Issue Share Holding: 96.71%

Post Issue Share Holding: 87.92%

Company Promoter(s)

  1. Boman Rustom Irani
  2. Percy Sorabji Chowdhry
  3. Chandresh Dinesh Mehta

Keystone Realtors Limited IPO - Issue Objectives

  1. Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.
  2. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries.
  3. Funding acquisition of future real estate projects and general corporate purposes.

Keystone Realtors Limited IPO - Anchor Investors

Keystone Realtors raises Rs 190.5 crore from anchor investors ahead of IPO.
Total 16 anchor investors bought shares in the company via anchor book. The list includes names such as Abu Dhabi Investment Authority, Morgan Stanley, Aditya Birla Sun Life, SBI Life Insurance, IDFC Mutual Fund, Tata Mutual Fund, HDFC Life Insurance Company, IIFL Special Opportunities Fund, Saint Capital Fund and BNP Paribas Arbitrage.

Keystone Realtors Limited IPO - FAQs

Ans. Keystone Realtors Limited IPO is a Mainboard IPO. The issue is priced at ₹514-541 per equity share. The minimum order quantity is 27 Shares. The IPO opens on Nov 14, 2022, and closes on Nov 16, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Keystone Realtors Limited IPO opens on Nov 14, 2022 and closes on Nov 16, 2022.

Ans. The size of Keystone Realtors Limited IPO is Total 635 Cr : Fresh 560 Cr + OFS 75 Cr.

Ans. The IPO price band is set between ₹514-541 per equity share.

Ans. To apply for Keystone Realtors Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Keystone Realtors Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Keystone Realtors Limited IPO is Nov 21, 2022.

Ans. The Keystone Realtors Limited IPO will be listed on Nov 24, 2022.

Ans. Follow the steps to check the allotment status for Keystone Realtors Limited IPO here.