Keystone Realtors IPO Date, Price, GMP, Review, and Details
- Keystone Realtors Limited is a leading real estate firm that has been around since 1995. The bulk of the company’s operations are focused on the building and development of residential and commercial real estate in India.
- There are a wide variety of budget, mid- and mass-market, aspirational, premium, and super-premium projects under the Rustomjee brand, with 32 completed and 12 ongoing as of June 30, 2022 around the Mumbai Metropolitan Region (“MMR”).
- Residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, historic landmarks, and other real estate projects totaling 20.22 million square feet will have been developed by Keystone Realtors by June 30, 2022.
- The company’s concept involves engaging into joint development agreements, redevelopment agreements with landowners or developers or groups, and slum rehabilitation initiatives, all of which need less initial capital investment than the direct acquisition of property parcels.
- From business development, which includes locating suitable land and conceiving of the development, to execution, which includes planning, designing, and supervising construction activities, marketing, and sales, the company has adopted an integrated real estate development model for all phases of the property development life cycle.
- As of the 30th of June, 2022, the firm will have constructed approximately 280 structures and residences for more than 14,000 people.
- As of June 30, 2022, KRL had built 20.22 million square feet of high-value and affordable residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks, and other real estate projects. Since its start in 1995, the company has worked to build a brand that is focused on customer satisfaction, building communities, and creating spaces that give customers a better way of life.
- KRL wants customers to see the “Rustomjee” brand as a reliable source of high-quality products and services because it has built many high-end, award-winning buildings, gated communities, and townships in the past. Its years of experience in the MMR market have given it a solid understanding of the market and the skills it needs to make great places for communities to grow.
Goals of the Debate
Each Selling Shareholder will get their fair share of the money made from the Offer for Sale.
The company plans to use the money from the Net Proceeds to pay for the following:
1. Repayment or early payment, in full or in part, of some loans that the Company and/or some of its subsidiaries took out.
2. Getting money to buy property for future projects and for general business needs.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-19 | 4153.07 | 2142.65 | 137.74 | 1372.4 |
| 31-Mar-20 | 4415.31 | 1268.6 | 14.49 | 1220.26 |
| 31-Mar-21 | 3654.1 | 1177.27 | 231.82 | 2513.9 |
| 30-Jun-21 | 3676.24 | 91.4 | -0.97 | 1145.56 |
| 31-Mar-22 | 3876.84 | 1302.97 | 135.83 | 1557.96 |
| 30-Jun-22 | 3910.15 | 176 | 4.22 | 1468.83 |
| Amount in ₹ Crore | ||||
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 Size | 11,737,523 shares of ₹10 (aggregating up to ₹635.00 Cr) |
| Fresh Issue | 10,351,201 shares of ₹10 (aggregating up to ₹560.00 Cr) |
| Offer for Sale | 1,386,322 shares of ₹10 (aggregating up to ₹75.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
Keystone Realtors IPO Tentative Timetable
The IPO for Keystone Realtors starts on November 14, 2022, and ends on November 16, 2022. The bid date for the Keystone Realtors IPO is from November 14, 2022 at 10 a.m. to November 16, 2022 at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.
| 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 number of shares in a Keystone Realtors IPO lot is 27. A retail investor can request up to 13 lots, which is 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 Subscription Status (Bidding Detail)
On November 16, 2022, at 7:00:00 PM, 2.01 people have signed up for the Keystone Realtors IPO. The public offering was bought out 0.53 times by retail investors, 3.84 times by QIB investors, and 3.03 times by NII investors. Check the details of your Day by Day subscription (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.84 |
| NII | 3.03 |
| bNII (bids above ₹10L) | 3.78 |
| sNII (bids below ₹10L) | 1.53 |
| Retail | 0.53 |
| Total | 2.01 |
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
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Company Contact Information
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 FAQs
What is an IPO for Keystone Realtors?
Keystone Realtors’ initial public offering (IPO) is a main-board IPO with 11,737,523 equity shares with a face value of 10 each, which adds up to 635,00 Crores. The price per share is between 514 and 541. The least you can order is 27 Shares.
The IPO starts on November 14 and ends on November 16.
The IPO is being kept track of by Link Intime India Private Ltd. It is planned to list the shares on the BSE and NSE.
How to apply for the Keystone Realtors IPO through Zerodha?
Customers of Zerodha can use UPI as a payment gateway to apply online for the Keystone Realtors IPO. Customers of Zerodha can sign up for the Keystone Realtors IPO by logging into their “back office” (Zerodha Console) and filling out an IPO application form.
How to apply through Zerodha for the Keystone Realtors IPO
- Log in to Console on the Zerodha website.
- Click the IPOs link on the Portfolio page.
- Click the “Bid” button in the Keystone Realtors IPO row.
- Type in your UPI ID, the amount, and the price.
- “Send in” your IPO application form.
- To approve the mandate, go to the UPI App (net banking or BHIM).
- Go to Review of the Zerodha IPO Application Process for more information.
When will the IPO for Keystone Realtors start?
The IPO for Keystone Realtors starts on November 14, 2022, and ends on November 16, 2022.
How big is a Keystone Realtors IPO lot?
Keystone Realtors’ initial public offering (IPO) has a lot size of 27 shares, and the minimum order is.
How do you sign up for the Keystone Realtors IPO?
You can sign up for the Keystone Realtors IPO online and pay with either UPI or ASBA. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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 |
