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Keystone Realtors Limited IPO (Keystone Realtors IPO) Detail

Nov 14, 2022 - Nov 16, 2022

Incorporated in 1995, 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.

Company Financials

Keystone Realtors Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-194153.072142.65137.741372.4
31-Mar-204415.311268.614.491220.26
31-Mar-213654.11177.27231.822513.9
30-Jun-213676.2491.4-0.971145.56
31-Mar-223876.841302.97135.831557.96
30-Jun-223910.151764.221468.83
Amount in ₹ Crore

Objects of the Issue

Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.

The company propose to utilise the Net Proceeds towards funding the following objects:

1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries.

2. Funding acquisition of future real estate projects and general corporate purposes.

Keystone Realtors IPO Details

IPO Date Nov 14, 2022 to Nov 16, 2022
Listing Date Thursday, November 24, 2022
Face Value ₹10 per share
Price ₹514 to ₹541 per share
Lot Size 27 Shares
Issue Size11,737,523 shares of ₹10
(aggregating up to ₹635.00 Cr)
Fresh Issue10,351,201 shares of ₹10
(aggregating up to ₹560.00 Cr)
Offer for Sale1,386,322 shares of ₹10
(aggregating up to ₹75.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer
Retail Shares OfferedNot less than 35% of the Offer
Company Promoters

Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta are the company promoters.

Keystone Realtors IPO Tentative Timetable

Keystone Realtors IPO opens on Nov 14, 2022, and closes on Nov 16, 2022. The Keystone Realtors IPO bid date is from Nov 14, 2022 10.00 A.M. to Nov 16, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 14, 2022
Closing Date Nov 16, 2022
Basis of Allotment Nov 21, 2022
Initiation of Refunds Nov 22, 2022
Credit of Shares to Demat Nov 23, 2022
Listing Date Nov 24, 2022

Keystone Realtors IPO Lot Size

The Keystone Realtors IPO lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹189,891).

Application Lots Shares Amount
Retail (Min) 1 27 ₹14,607
Retail (Max) 13 351 ₹189,891
S-HNI (Min) 14 378 ₹204,498
B-HNI (Min) 69 1,863 ₹1,007,883

Keystone Realtors IPO Promoter Holding

Pre Issue Share Holding 96.71%
Post Issue Share Holding 87.92%

Keystone Realtors IPO Review

Based on its current financial data, the issue appears fully priced, but considering growth prospects with projects on hand, well-informed cash surplus investors may consider the investment with a medium to long-term perspective. Read detail review...


Keystone Realtors IPO Subscription Status (Bidding Detail)

The Keystone Realtors IPO is subscribed 2.01 times on Nov 16, 2022 7:00:00 PM. The public issue subscribed 0.53 times in the retail category, 3.84 times in the QIB category, and 3.03 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB3.84
NII3.03
    bNII (bids above ₹10L)3.78
    sNII (bids below ₹10L)1.53
Retail0.53
Total2.01

Keystone Realtors IPO Prospectus

Keystone Realtors IPO Rating

500
3.8
Rating:Rated 3.8 stars
Vote Here ...

Keystone Realtors IPO Listing Date

Listing Date Thursday, November 24, 2022
BSE Script Code 543669
NSE Symbol RUSTOMJEE
Listing In B Group of Securities
ISIN INE263M01029
IPO Price ₹541 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹541.00
₹555.00
₹555.00
₹568.25
₹557.80
NSE
₹541.00
₹555.00
₹548.00
₹569.95
₹556.85

Company Contact Information

Keystone Realtors Limited
702, Natraj, MV Road Junction,
Western Express Highway,
Andheri (East), Mumbai, Maharashtra, 400069
Phone: +91 (22) 6676 6888
Email: cs@rustomjee.com
Website: https://www.rustomjee.com/

Keystone Realtors IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: rustomjee.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Keystone Realtors IPO FAQs

Keystone Realtors IPO is a main-board IPO of 11,737,523 equity shares of the face value of ₹10 aggregating up to ₹635.00 Crores. The issue is priced at ₹514 to ₹541 per 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.

Zerodha customers can apply online in Keystone Realtors IPO using UPI as a payment gateway. Zerodha customers can apply in Keystone Realtors IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Keystone Realtors IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Keystone Realtors IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Keystone Realtors IPO lot size is 27 Shares and the minimum order quantity is .

You can apply in Keystone Realtors IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Keystone Realtors IPO will be done on Nov 21, 2022, and the allotted shares will be credited to your demat account by Nov 23, 2022. Check the Keystone Realtors IPO allotment status.

The Keystone Realtors IPO listing date is on Thursday, November 24, 2022.
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Keystone Realtors IPO Message Board

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