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Keystone Realtors Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹541
Per Share
GMP
NIL
Grey Market
Est. Listing
₹541
Expected Price
Min. Application
₹29,214
2 lots × 27 shares
IPO Issue Details
Issue Price / Price Band₹541 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size27 Shares per Lot
Total Issue Size1,17,37,521 shares (aggregating up to ₹635.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 14 Nov 2022
Subscription CloseWed, 16 Nov 2022
Anchor AllotmentFri, 11 Nov 2022
Basis of AllotmentMon, 21 Nov 2022
Initiation of RefundsTue, 22 Nov 2022
Credit of Shares to DematWed, 23 Nov 2022
Listing DateThu, 24 Nov 2022
UPI Mandate Deadline2022-11-16
Application & Investment Details
Retail — Min (1 Lots)₹14,607 — 27 shares
Retail — Max (13 Lots)₹189,891 (13 Lots)
HNI — Min (14 Lots)₹2,04,498 — 378 shares
P/E Ratio (Pre-IPO)365.54x
Pre-IPO Promoter Holding10,35,26,222 shares
Post-IPO Promoter Holding11,38,77,423 shares
Fresh Issue Shares1,03,51,201 shares (aggregating up to ₹560.00 Cr)
Offer for Sale Shares13,86,320 shares of ₹10 (aggregating up to ₹75.00 Cr)
About Keystone Realtors Ltd.

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.

Objects of the Issue

Keystone Realtors Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries;
341.60
2
2 Funding acquisition of future real estate projects and general corporate purposes
182.86
Shareholding & Lock-in
Pre-IPO Promoter Holding 10,35,26,222 shares
Post-IPO Promoter Holding 11,38,77,423 shares
Lock-in Period (30%)December 21, 2022
Lock-in Period (50%)February 19, 2023
Check AllotmentCheck Status →
Keystone Realtors Ltd. — Live Price LIVE
₹541.00
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Issue ₹541.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹541
GMPNIL
Est. Listing₹541
Lot Size27 shares
Min Amount₹29,214
Listing Date24 Nov 2022
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹541
Listing Date24 Nov 2022
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 11,737,521 100.00% ₹635.00 Cr
* Based on ₹541.00 (upper price band)
Lot Size & Investment Details
Lot Size
27
Shares
Issue Price
₹541.00
Per Share
Min Investment
₹14,607
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 27 ₹14,607
Retail (Max) 13 351 ₹189,891
sNII (Min) 14 378 ₹204,498
bNII (Min) 69 1,863 ₹1,007,883
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31-Mar-1931-Mar-2031-Mar-21
Revenue from Operations 2142.65 1268.60 1177.27
EBITDA N/A N/A N/A
Profit After Tax (PAT) 137.74 14.49 231.82
Net Worth N/A N/A N/A
Total Assets 4153.07 4415.31 3654.10
Reserves & Surplus N/A N/A N/A
Total Borrowings 1372.40 1220.26 2513.90
Key Ratios & Valuation
Issue Price ₹541
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Keystone Realtors Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
702, Natraj, MV Road Junction, Western Express Highway, Andheri (East), Mumbai, Maharashtra, 400069
Book Running Lead Managers
Axis Capital Ltd.
Book Running Lead Manager (BRLM)
Credit Suisse Securities (India) Pvt.Ltd.
Book Running Lead Manager (BRLM)