The one of the prominent real estate developers company Keystone Realtors IPO will be hit the market 14 November 2022 and closes on 16 November 2022. According to RHP, the company wants to raise ₹635.00 crore through IPO. The company will issue fresh shares of ₹560 crores through this IPO and will issue shares through offer for sale of ₹75.00 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Keystone Realtors Limited is one of the prominent real estate developer. The company 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 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. You can check to know Keystone Realtors IPO GMP here.
As of June 30, 2022, we 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 our Rustomjee brand. you can check to know Keystone Realtors IPO subscription status here.
| Read also: Upcoming IPO List 2022 |
The company endeavour to ensure that our projects provide luxury while being environmentally sustainable. The company assess the environmental impact of our projects, and have adopted a comprehensive approach to sustainable development from an early design phase through the construction period.
The company use solar panels in our projects to generate electricity for common areas to reduce reliance on non-renewable sources of energy. The company has entered into an agreement with Tata Power to deploy electric vehicle chargers across various projects under green initiatives. you can check to Know Keystone Realtors IPO Allotment Status here.
Object Of the Issue :
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Company and/or certain of our Subsidiaries.
- Funding acquisition of future real estate projects and general corporate purposes.
Company Strengths :
- Well established customer-centric brand in the Mumbai Metropolitan Region.
- Amongst the leading residential real estate development companies in MMR with a well-diversified portfolio and strong pipeline.
- Asset-light and scalable model resulting in profitability and stable financial performance.
- Demonstrated project execution capabilities with in-house functional expertise.
- Robust stakeholder management capabilities across the spectrum of project development.
- Technology focused operations resulting in operational efficiency and enhancing customer experiences.
- Strong focus on sustainable development.
- Experienced Promoters, qualified senior management, good corporate governance and committed employee base.
Keystone Realtors IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹135.83 Cr (March 2022) |
| Issue Price : | ₹541/ EQ (Cut Off) |
| EPS 2022 : | ₹13.96 (March 2022) |
| PE Ratio : | 38.75 (PE Approx) |
| RoNW : | 14.97% (March 2022) |
| NAV Value : | ₹93.24 (March 2022) |
| Total Assets : | ₹3910.15 Cr (June 2022) |
| Market Cap : | ₹5600.76 Cr Approx |
| Promoter Holding : | 96.71% Pre Issue 87.92% Post Issue |
| Team Review : | ● The company one of the prominent real estate developer in India. ● The company PE ratio is Not Attractive. ● The company financial performance very strong. ● The company has established brand under the “Rustomjee“ ● The company promoter stake will decrease but will hold 87.92% stake after issue which is very good. ● The price of this IPO is looking expensive, you can consider investing after listing. ✔ Apply Short Term & Long Term Investing |
Keystone Realtors IPO Date & Price Band & Details :
| Issue Type : | Book Building Issue |
| IPO Open : | 14 November 2022 |
| IPO Close : | 16 November 2022 |
| IPO Size : | ₹635.00 Cr {11,737,523 Shares} |
| Face Value : | ₹10. Equity Share |
| Price Band : | ₹514–₹541 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹635.00 Cr {11,737,523 Shares} |
| Fresh Issue : | ₹560.00 Cr {10,351,201 Sharse} |
| Offer For Sale : | ₹75.00 Cr {13,86,322 Shares} |
Keystone Realtors IPO Market Lot :
Keystone Realtors IPO Minimum Market lot is 1 Lot with 27 shares with ₹14,607 Application amount. The retail investors can apply up to 13 lots with 351 Shares or ₹1,89,891 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 27 | ₹14,607 |
| Retail Maximum : | 13 | 351 | ₹1,89,891 |
| S-HNI Minimum : | 14 | 378 | ₹2,04,498 |
| B- HNI Minimum : | 69 | 1863 | ₹10,07,883 |
Keystone Realtors IPO Shares Offer :
A Total of 11,737,523 shares are to be bid for the public issue by Keystone Realtors IPO with 10,351,201 for Fresh issue and 13,86,322 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 10,351,201 | ₹560.00 cr |
| Offer For Sale : | 13,86,322 | ₹75.00 Cr |
| Total : | 11,737,523 | ₹635.00 Cr |
Keystone Realtors IPO Reservation :
Keystone Realtors IPO Total Reservation of 11,737,523 shares are to be bid for the public issue by Keystone Realtors IPO with 58,68,762 for QIB and 17,60,628 for NII 41,08,133 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 58,68,762 | ₹317.50 Cr |
| NII : | 15% | 17,60,628 | ₹95.25 Cr |
| RII : | 35% | 41,08,133 | ₹222.25 Cr |
| EMP : | – % | – | ₹- |
| Total : | 100% | 11,737,523 | ₹635.00 Cr |
Keystone Realtors IPO EPS & RoNW :
The Keystone Realtors company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | Return On Net Worth % |
| 2022 | ₹13.96 | 14.97 % |
| 2021 | ₹31.04 | 38.77 % |
| 2020 | ₹2.20 | 5.14 % |
Keystone Realtors IPO Peer Comparison PE :
The Keystone Realtors, According to DRHP few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Macrotech Developers Limited | 36.06 |
| 2. | Godrej Properties Limited | 99.31 |
| 3. | Oberoi Realty Limited | 32.16 |
| 4. | Sunteck Realty Limited | 220.34 |
Keystone Realtors IPO Dates :
Keystone Realtors IPO Date is 14 November 2022 and closes on 16 November 2022. The allotment will be finalized on 21 November 2022 and the IPO may list on 24 November 2022.
| Open Date : | 14 November 2022 |
| Close Date : | 16 November 2022 |
| Allotment Date : | 21 November 2022 |
| Refund Date : | 22 November 2022 |
| Share Credit Date : | 23 November 2022 |
| Listing Date : | 24 November 2022 |
Keystone Realtors IPO Form :
There are two ways to apply in Keystone Realtors IPO. You can apply for Keystone Realtors IPO through ASBA available in your bank account. You have to go to your online bank login and select Keystone Realtors IPO in the Invest section and apply through your bank account. Another option is you can apply for Keystone Realtors IPO through IPO form download through NSE and BSE. See the Keystone Realtors IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Keystone Realtors Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| June 2022 | ₹176.00 | ₹168.11 | ₹4.22 |
| 2022 | ₹1302.97 | ₹1116.44 | ₹135.83 |
| 2021 | ₹1177.27 | ₹876.02 | ₹231.82 |
| 2020 | ₹1268.60 | ₹1205.59 | ₹14.49 |
Company Promoters :
■ Boman Rustom Irani
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Keystone Realtors IPO Lead Managers :
■ Axis Capital Limited
■ Credit Suisse Securities (India) Private Limited
Keystone Realtors IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200 / +91 810 811 4949
E-mail: [email protected]
Investor grievance E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Keystone Realtors IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Keystone Realtors Limited
702, Natraj, MV Road Junction,
Western Express Highway, Andheri (East),
Mumbai, Maharashtra, India 400069
Tel: +91 (22) 6676 6888
E-mail: [email protected]
Website: www.rustomjee.com
Keystone Realtors IPO FAQs :
What is Keystone Realtors IPO?
Keystone Realtors IPO is Mainboard IPO. They are going to raise ₹635.00. Crores via IPO. The issue is priced at ₹514-₹541 per equity share. The IPO is to be listed on NSE, BSE.
When Keystone Realtors IPO will open?
The IPO is to open on 14 Nov – 16 Nov for QIB, NII & RII.
What is Keystone Realtors IPO Size?
Keystone Realtors IPO size is ₹635.00 Crores.
What is the Fresh issue size of Keystone Realtors IPO?
The Fresh issue size of Keystone Realtors IPO ₹560.00 Cr.
What is the Offer For Sale size of Keystone Realtors IPO?
The Offer For Sale size of Keystone Realtors IPO ₹75.00 Cr.
What is Keystone Realtors IPO Price Band?
Keystone Realtors IPO Price Band is ₹514-₹541 Per share.
What is Keystone Realtors IPO Minimum and Maximum Lot Size?
The minimum 27 Shares with ₹14,607 amount while the maximum 351 shares with ₹1,89,891.
What is Keystone Realtors IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Keystone Realtors IPO Allotment Date?
Keystone Realtors IPO allotment date is 21 November 2022.
What is Keystone Realtors IPO Listing Date?
Keystone Realtors IPO listing date is 24 November 2022. The IPO to list on NSE, BSE.
How to Apply the Keystone Realtors IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Keystone Realtors IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Keystone Realtors IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Keystone Realtors IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Keystone Realtors IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Keystone Realtors IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Keystone Realtors IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Keystone Realtors IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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All Keystone Realtors IPO-related links are available here. If you want to know the details then click on Click Here Link.
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