IPO

Keystone Realtors Limited IPO

Mainboard

Residential, Commercial Projects

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

₹ 14607 /27 Shares

Check Allotment

14 Nov, 2022

Open Date

16 Nov, 2022

Close Date

21 Nov, 2022

Allotment Date

24 Nov, 2022

Listing Date
Price Summary

Last Closing

522.15 (-3.48%)

52 Week High

697.00

52 Week Low

480.05

Last Update

19-Dec-2025 3:30 PM
Keystone Realtors Limited IPO Issue Details
  • Issue Price ₹514-541 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total 635 Cr : Fresh 560 Cr + OFS 75 Cr
  • Listing at BSE, NSE
  • List Price 555.0(NSE)
  • Listing Date 2022-11-24
  • Lead Manager Axis Capital Limited ,Credit Suisse Securities (India) Private Limited
  • Registrar Link Intime India Private Ltd
Keystone Realtors Limited IPO Details
  • 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)
Keystone Realtors Limited IPO Documents
DRHP
RHP
Keystone Realtors Limited IPO Details


The IPO of Keystone Realtors Limited is priced at ₹514-541 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 14, 2022 and ends on Nov 16, 2022. The allotment for Keystone Realtors Limited IPO will be finalized on Nov 21, 2022. Keystone Realtors Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 24, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited ,Credit Suisse Securities (India) Private Limited.


The Keystone Realtors Limited IPO sets its price band at 514-541 for each share. A single application for Keystone Realtors Limited IPO must contain at least 27 shares.

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Keystone Realtors Limited IPO Subscription Analysis And Details
Retail
0.53x
QIB
3.84x
NII
3.03x
bNII
3.78x
sNII
1.53x
Total
2.01x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 2,470,816 1,853,113
1,235,408    617,705 		4,323,929 8,647,858
Day 1 14-11-22 05:00 PM
0.00 x 0.11
0.13 x   0.09 x 		0.12 x 0.08 x
Day 2 15-11-22 05:00 PM
0.49 x 0.72
1.00 x   0.17 x 		0.24 x 0.41 x
Day 3 16-11-22 05:00 PM
3.84 x 3.03
3.78 x   1.53 x 		0.53 x 2.01 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
In Crs.
In Cr.
31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets 3876.84 3654.1 4415.31 4153.07
Revenue 1302.97 1177.27 1268.6 2142.65
Profit After Tax 135.83 231.82 14.49 137.74
About Keystone Realtors Limited 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)

Boman Rustom Irani

Percy Sorabji Chowdhry

Chandresh Dinesh Mehta

Pre Issue Share Holding : 96.71%

Post Issue Share Holding : 87.92%

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.