Keystone Realtors Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,868,759 (50%) | — | ₹31,750 Cr |
| NII (HNI) | — | 1,760,629 (15%) | — | ₹9,525 Cr |
| Retail | — | 4,108,133 (35%) | — | ₹22,225 Cr |
| Σ Total | — | 11,737,521 (100%) | — | ₹635,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,607 |
| Retail (Max) | 13 | 351 | ₹189,891 |
| S-HNI (Min) | 14 | 378 | ₹204,498 |
| B-HNI (Min) | 67 | 1,809 | ₹978,669 |
Financial Statements Amount in Crore
| Metric | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 2,143 | 1,269 | 1,177 |
| Profit After Tax | 138 | 14 | 232 |
| Total Assets | 4,153 | 4,415 | 3,654 |
| Total Borrowing | 1,372 | 1,220 | 2,514 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries; – 341.60
- 2 Funding acquisition of future real estate projects and general corporate purposes – 182.86
Company Overview
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.