IPO Issue Details
Issue Price / Price Band₹541 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size27 Shares per Lot
Total Issue Size1,17,37,521 shares (aggregating up to ₹635.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 14 Nov 2022
Subscription CloseWed, 16 Nov 2022
Anchor AllotmentFri, 11 Nov 2022
Basis of AllotmentMon, 21 Nov 2022
Initiation of RefundsTue, 22 Nov 2022
Credit of Shares to DematWed, 23 Nov 2022
Listing DateThu, 24 Nov 2022
UPI Mandate Deadline2022-11-16
Application & Investment Details
Retail — Min (1 Lots)₹14,607 — 27 shares
Retail — Max (13 Lots)₹189,891 (13 Lots)
HNI — Min (14 Lots)₹2,04,498 — 378 shares
P/E Ratio (Pre-IPO)365.54x
Pre-IPO Promoter Holding10,35,26,222 shares
Post-IPO Promoter Holding11,38,77,423 shares
Fresh Issue Shares1,03,51,201 shares (aggregating up to ₹560.00 Cr)
Offer for Sale Shares13,86,320 shares of ₹10 (aggregating up to ₹75.00 Cr)
About Keystone Realtors Ltd.
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.
Objects of the Issue
Keystone Realtors Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries;
341.60
2
2 Funding acquisition of future real estate projects and general corporate purposes
182.86
Shareholding & Lock-in
Pre-IPO Promoter Holding
10,35,26,222 shares
Post-IPO Promoter Holding
11,38,77,423 shares
Lock-in Period (30%)December 21, 2022
Lock-in Period (50%)February 19, 2023