Last updated on February 8, 2023
Keystone Realtors IPO subscription status starts on 14 November 2022 and the offer closes on 16 November 2022. Through a mix of fresh shares and sale by existing investors in the price band of INR 514 – 541 per share, the public offer aims to mobilize up to INR 635 crore. Check more details of Keystone Realtors IPO here.
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 IPO Investor Categories and Reservation
| Investor Category | Reserved shares |
|---|---|
| Qualified Institutional Buyer (QIB) | 50% |
| Non Institutional Investor (NII) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employees | – |
Keystone Realtors IPO Subscription Status Live
Keystone Realtors IPO subscribed 2.01 times on 16 November 2022. The public issue has been subscribed 3.84 times in the QIB category, 3.03 times in the NII category and 0.53 times in the retail category. Please note these subscription figures are provided by BSE and NSE and IPO Central is only publishing the aggregated data.
Keystone Realtors IPO Subscription Status (Daywise)
| Category | QIB | NII | Retail | Total |
| Shares Offered | 24,70,816 | 18,53,113 | 43,23,929 | 86,47,858 |
| 16 Nov 2022 | 3.84 | 3.03 | 0.53 | 2.01 |
| 15 Nov 2022 | 0.49 | 0.72 | 0.24 | 0.41 |
| 14 Nov 2022 | 0.00 | 0.11 | 0.12 | 0.08 |
| As on 07:00:00 PM |
Check IPO subscription status of all IPOs here
For retail investors, minimum lot size is 1 lot of 27 shares with application amount of INR 14,607 at cutoff levels. Retail investors can make maximum application of 13 lots (351 shares) translating into application amount of INR 189,891.
Keystone Realtors IPO Market Lot
| Application | No. of Lots | Shares | Amount (INR) |
| Retail Minimum | 1 | 27 | 14,607 |
| Retail Maximum | 13 | 351 | 189,891 |
| Small HNI | 14 | 378 | 204,498 |
| Large HNI | 69 | 1,593 | 1,007,883 |
Keystone Realtors Business Background
Keystone Realtors is a real estate developer 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.
Keystone Realtors IPO Subscription Status FAQs
What is Keystone Realtors IPO Subscription Status?
The Keystone Realtors IPO is subscribed 2.01 times as on 16 November 2022 on NSE and BSE.
What is Keystone Realtors IPO Subscription Status in retail category?
The retail category of Keystone Realtors IPO has been subscribed 0.53 times as of 16 November 2022.
Where can I check Keystone Realtors IPO live subscription status?
You can visit Keystone Realtors IPO subscription status page for real-time updates of Keystone Realtors IPO Subscription.
What is Keystone Realtors IPO Allotment Date?
The Keystone Realtors IPO allotment status is scheduled to be finalised on 21 November 2022.
When is Keystone Realtors IPO listing expected?
Keystone Realtors is likely to be listed on or before 24 November 2022.
