Keystone Realtors IPO Date, Price, Review
Keystone Realtors IPO: Know everything about Keystone Realtors IPO. Keystone Realtors Limited (Rustomjee) IPO Date, Keystone Realtors IPO Review and analysis. We will discus about Keystone Realtors IPO Benefits & Risks. Also, all information related to Keystone Realtors IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Keystone Realtors IPO
Keystone Realtors Limited is a leading real estate development company engaged in the business of real estate construction, development, and other related activities in India. Keystone Realtors Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 635 crore through IPO (Initial public offering).
Keystone Realtors IPO will open on 14 November 2022 and close on 16 November 2022. The price band of the Keystone Realtors IPO is ₹514 to ₹65. Keystone Realtors IPO size is 635 Crores. The offer includes 541 Crores under fresh issue and 75 Crores under offer for sale. Keystone Realtors IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Keystone Realtors IPO listing date is 22 November 2022. You can know about Keystone Realtors IPO GMP (Grey Market Premium) below.
Keystone Realtors has given bad financial performance. The company made a profit of ₹135.83 crores in the financial year 2022 (March 2022). The IPO of Keystone Realtors will be listed on NSE and BSE. Keystone Realtors IPO face value is ₹10 per equity share.
We will talk about Keystone Realtors Limited financials, benefits, and risks of investing in the company.
About Keystone Realtors International Ltd
Keystone Realtors Limited was established in the year 1995. Keystone Realtors Limited is functioning as one of the leading real estate developers in India. Keystone Realtors Limited is engaged in the business of real estate construction, development, and other related activities in India. As of June 30, 2022, Keystone Realtors Ltd. has developed over 280 buildings and homes for over 14,000 families.
Keystone Realtors Limited has so far developed many high-value and affordable residential buildings, townships, premium gated estates, corporate parks, schools, retail spaces, iconic landmarks, and various other real estate projects.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- Financing acquisitions for future real estate projects and general corporate purposes.
Keystone Realtors IPO Date and Price Band Details
| IPO Open: | 14 November 2022 |
| IPO Close: | 16 November 2022 |
| Listing Date: | 24 November 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹635 crores |
| Fresh Issue: | Approx ₹560 crores |
| Offer For Sale: | Approx ₹75 crores |
| Price Band: | ₹514 to ₹541 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Keystone Realtors IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 27 Shares |
| Minimum Amount: | ₹14,607 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 351 Shares |
| Maximum Amount: | ₹189,891 |
Keystone Realtors IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 14 November 2022 |
| IPO Closing Date: | 16 November 2022 |
| Basis of Allotment: | 21 November 2022 |
| Refund Date: | 22 November 2022 |
| Credit to Demat Account: | 23 November 2022 |
| Listing Date: | 24 November 2022 |
Keystone Realtors IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Keystone Realtors IPO on our website.
Keystone Realtors Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Keystone Realtors has emerged as a well-known and customer-centric brand in metropolitan areas like Mumbai.
- The financial performance of the company has been good.
- The company is involved in high-value and affordable residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks, and various other real estate projects.
- The company has strong stakeholder management capabilities.
- The company has experienced promoters, and senior management with requisite qualifications, excellent business administration, and a workforce.
Risks
- The company's operations and financial success heavily depend on the health of the country's real estate market and the Mumbai Metropolitan Region in particular.
- The Company may be negatively impacted if their Company does not complete its ongoing projects and upcoming projects by or within the respective estimated completion dates.
- The company has also incurred losses in some quarters.
- Unsuccessful legal disputes of any kind can have a negative impact on company's business, reputation, and cash flow.
Keystone Realtors Ltd Financials
Keystone Realtors Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹4153.07 | ₹2142.65 | ₹137.74 |
| 2020 | ₹4415.31 | ₹1268.6 | ₹14.49 |
| 2021 | ₹3654.1 | ₹1177.27 | ₹231.82 |
| 2022 | ₹3876.84 | ₹1302.97 | ₹135.83 |
Promoters
- Boman Rustom Irani
- Percy Sorabji Chowdhry
- Chandresh Dinesh Mehta
Contact Details of Keystone Realtors
702, Natraj, MV Road Junction,
Western Express Highway,
Andheri (East), Mumbai,
Maharashtra, India
Telephone: +91 (22) 6676 6888
E-mail: cs@rustomjee.com
Website: www.rustomjee.com
Keystone Realtors Lead Managers
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
Keystone Realtors IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: rustomjee.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Keystone Realtors Limited is one of the prominent real estate developers in India. Looking at the financials of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 135.83 crore. Also, the company has been running in profit for the last several financial years. Our suggestion is that you can apply for medium or long-term in INOX Green Energy Limited IPO. Keystone Realtors Limited IPO financial statement and other information are provided above.
Keystone Realtors IPO FAQs
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