Keystone Realtors IPO description – The company is a one of the prominent real estate developers in Mumbai Metropolitan Region (MMR). It commands a market share of 28% in Khar, 23% market in Juhu, 11% in Bandra East, 14% in Virar, 3% in Thane and 5% in Bhandup in terms of absorption (in units) from 2017 to 2021.
As of 30 June 2022, the company had 32 Completed Projects, 12 Ongoing Projects and 21 Forthcoming Projects across the MMR. This portfolio includes a comprehensive range of projects under the affordable, mid and mass, aspirational, premium and super premium categories, all under the Rustomjee brand. As of 30 June 2022, it has 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.
The company focuses on 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 parcels. As of 30 June 2022, Keystone Realtors had 1,542 channel partners who present the Rustomjee portfolio to their customers and drive customers traffic to its projects.
Promoters of Keystone Realtors Industries – Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta
Keystone Realtors IPO Details
| Keystone Realtors IPO Dates | 14 – 16 November 2022 |
| Keystone Realtors IPO Price | INR 514 – 541 per share |
| Fresh issue | INR 560 crore |
| Offer For Sale | INR 75 crore |
| Total IPO size | INR 635 crore |
| Minimum bid (lot size) | 27 shares (INR 14,607) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Keystone Realtors Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 1,211.5 | 848.7 | 1,269.4 |
| Expenses | 1,205.6 | 876.0 | 1,116.4 |
| Net income | 14.5 | 231.8 | 135.8 |
| Margin (%) | 1.3 | 19.6 | 10.5 |
Keystone Realtors IPO News & Resources
- Keystone Realtors RHP
- Keystone Realtors DRHP
- Keystone Realtors IPO Subscription Status Live
- IPO subscription status of all IPOs
Keystone Realtors Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.20 | 31.04 | 13.96 |
| PE ratio | – | – | – |
| RONW (%) | 5.14 | 38.77 | 14.97 |
| NAV | – | – | 93.24 |
| ROCE (%) | – | – | – |
| EBITDA (%) | 15.97 | 17.61 | 16.60 |
| Debt/Equity | 9.10 | 1.53 | 1.62 |
Keystone Realtors IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 23 Nov 2022 | 5 | – | – |
| 22 Nov 2022 | 5 | – | – |
| 21 Nov 2022 | 5 | – | – |
| 19 Nov 2022 | 5 | – | – |
| 18 Nov 2022 | 10 | – | – |
| 17 Nov 2022 | 10 | – | – |
| 16 Nov 2022 | 5 | – | – |
Keystone Realtors IPO Reviews – Subscribe or Avoid?
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ICICIdirect –
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LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities – Subscribe
Religare Broking – Neutral
Samco Securities – Avoid
SMC Global – 2/5
Swastika Investmart –
Ventura Securities – Not rated
Keystone Realtors Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200Â
Email:Â [email protected]
Website:Â www.linkintime.co.in
Keystone Realtors Contact Details
KEYSTONE REALTORS LIMITED
702, Natraj, MV Road Junction,
Western Express Highway,
Andheri (East), Mumbai 400069, Maharashtra
Phone:Â +91 (22) 6676 6888
Email:Â [email protected]
Website: www.rustomjee.com
Keystone Realtors IPO Allotment Status
Keystone Realtors IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Keystone Realtors IPO Dates & Listing Performance
| Keystone Realtors IPO Opening Date | 14 November 2022 |
| Keystone Realtors IPO Closing Date | 16 November 2022 |
| Finalisation of Basis of Allotment | 21 November 2022 |
| Initiation of refunds | 22 November 2022 |
| Transfer of shares to demat accounts | 23 November 2022 |
| Keystone Realtors IPO Listing Date | 24 November 2022 |
| Opening Price on NSE | INR 555 per share (up 2.59%) |
| Closing Price on NSE | Coming soon |
Keystone Realtors IPO FAQs
How many shares in Keystone Realtors IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Keystone Realtors Public Offer?
The best way to apply in Keystone Realtors public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Keystone Realtors IPO GMP today?
Keystone Realtors IPO GMP today is INR 10 per share.
What is Keystone Realtors kostak rate today?
Keystone Realtors kostak rate today is NA per application.
What is Keystone Realtors Subject to Sauda rate today?
Keystone Realtors Subject to Sauda rate today is NA per application.
