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.
Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.
The company propose to utilise the Net Proceeds towards funding the following objects:
| IPO Opening Date | 14 Nov 2022 |
|---|---|
| IPO Closing Date | 16 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 Equity Share |
| IPO Price | ₹514 to ₹541 per share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, NSE |
| Issue Size | 11,737,523 shares of ₹10 (aggregating up to ₹635.00 Cr) |
| Fresh Issue | 10,351,201 shares of ₹10 (aggregating up to ₹560.00 Cr) |
| Offer for Sale | 1,386,322 shares of ₹10 (aggregating up to ₹75.00 Cr) |
| QIB Shares Offered | Not more than 50% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| Basis of Allotment Date | Nov 21, 2022 |
|---|---|
| Initiation of Refunds | Nov 22, 2022 |
| Credit of Shares to Demat Account | Nov 23, 2022 |
| IPO Listing Date | Nov 24, 2022 |
Keystone Realtors IPO is a main-board IPO of 11,737,523 equity shares of the face value of ₹10 aggregating up to ₹635.00 Crores. The issue is priced at ₹514 to ₹541 per share. The minimum order quantity is 27 Shares.
The IPO opens on Nov 14, 2022, and closes on Nov 16, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Keystone Realtors IPO opens on Nov 14, 2022 and closes on Nov 16, 2022.
Keystone Realtors IPO lot size is 27 Shares and the minimum order quantity is 27 Shares.
You can apply in Keystone Realtors IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Keystone Realtors IPO will be done on Nov 21, 2022, and the allotted shares will be credited to your demat account by Nov 23, 2022.
Check the IPO allotment status.
The Keystone Realtors IPO listing date is Nov 24, 2022.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Keystone Realtors IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
