Keystone Realtors Limited
- IPO Date14 Nov, 2022 to 16 Nov, 2022
- Listing Date24 Nov, 2022
- Face Value₹10 per share
- Issue Price₹514 to ₹541 per share
- Lot Size27 Shares
- Minimum Investment₹14,607
- Listing AtBSE, NSE
- Total Issue Size1,17,37,523 Shares
(aggregating up to ₹635.00 Cr) - Fresh Issue1,03,51,201 Shares
(aggregating up to ₹560.00 Cr)
- Offer for Sale13,86,322 Shares
(aggregating up to ₹75.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
16 Nov, 2022
Initiation of Refunds
23 Nov, 2022
Listing Date
24 Nov, 2022
14 Nov, 2022
Opening Date
21 Nov, 2022
Basis of Allotment
23 Nov, 2022
Credit of Shares
Keystone Realtors Limited Lot Size
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,607 |
| Retail (Max) | 13 | 351 | ₹1,89,891 |
| S-HNI (Min) | 14 | 378 | ₹2,04,498 |
| S-HNI (Max) | 68 | 1836 | ₹9,93,276 |
| B-HNI (Min) | 69 | 1863 | ₹10,07,883 |
Keystone Realtors Limited Promoter Holding
Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.71% | 87.92% |
Keystone Realtors Limited COMPANY INFORMATION
Keystone Realtors IPO is a book built issue of Rs 635.00 crores. The issue is a combination of fresh issue of 1.04 crore shares aggregating to Rs 560.00 crores and offer for sale of 0.14 crore shares aggregating to Rs 75.00 crores. Keystone Realtors IPO bidding started from November 14, 2022 and ended on November 16, 2022. The allotment for Keystone Realtors IPO was finalized on Monday, November 21, 2022. The shares got listed on BSE, NSE on November 24, 2022. Keystone Realtors IPO price band is set at ₹514 to ₹541 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,607. The minimum lot size investment for sNII is 14 lots (378 shares), amounting to ₹204,498, and for bNII, it is 69 lots (1,863 shares), amounting to ₹1,007,883. Axis Capital Limited and Credit Suisse Securities (India) Private Limited are the book running lead managers of the Keystone Realtors IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Keystone Realtors IPO RHP for detailed information.
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.
FAQs About Keystone Realtors Limited
Keystone Realtors Limited will open on 14 Nov, 2022 and close on 16 Nov, 2022. Investors must apply within this period to participate.
The Keystone Realtors Limited price band is set between ₹514.00 and ₹541.00 per share. The minimum lot size is 27, requiring an investment of at least ₹14607.00.
The Keystone Realtors Limited shares are expected to be listed on 24 Nov, 2022, subject to regulatory approvals and final allotment.
You can track your Keystone Realtors Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Keystone Realtors Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.