3 - 4 minutes readKeystone Realtors IPO Date

Keystone Realtors IPO Details: Keystone Realtors announced the price range for its initial public offering on Nov 2022. The issue will be priced at ₹514 to ₹541 per share. The private market intelligence platform intends to raise between Rs. 850 crore through the IPO. It also stated that the IPO will begin on Nov 14, 2022.

Keystone Realtors IPO

Keystone Realtors IPO Details

IPO Opening DateNov 14, 2022
IPO Closing DateNov 16, 2022
Price Band₹514 to ₹541 per share
Lot Size27 Shares
Issue Size (Rs. Cr.)11,737,523 shares of ₹10 (aggregating up to ₹635 Cr)
Fresh Issue10,351,201 shares of ₹10 (aggregating up to ₹560 Cr)
Offer for Sale1,386,322 shares of ₹10 (aggregating up to ₹75 Cr)
Face ValueRs. 10 per share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
QIB Shares OfferedNot more than 50% of the Offe
Retail Shares OfferedNot more than 35% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer
Basis of Allotment DateNov 21, 2022
Initiation of RefundsNov 22, 2022
Credit of Shares to Demat AccountNov 23, 2022
Keystone Realtors IPO Listing DateNov 24, 2022

Keystone Realtors IPO Date

The Keystone Realtors’s IPO will launch its issue next week on Monday, November 14, 2022, and investors will be able to subscribe until Wednesday, November 16. On Friday, November 11, the company will make equity shares available to anchor investors.

Keystone Realtors IPO Issue Size

The Mumbai-based company now intends to raise ₹635 crore, according to the Red Herring Prospectus (RHP). The IPO size has been reduced from ₹850 crore previously.

Keystone Realtors IPO Price Band

The Keystone Realtors Limited IPO price band has been set at ₹514 to ₹541equity share for its ₹635 crore initial public offering (IPO).

Keystone Realtors IPO Lot Size

The Keystone Realtors IPO lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹189,891).

Keystone Realtors Allotment Date and Listing Date

The tentative timing for the share allocation announcement is Nov 21, 2022. Keystone Realtors IPO listing date is Nov 24, 2022.

About Keystone Realtors Limited IPO

Keystone Realtors Limited, founded in 1995, is a well-known real estate developer. In India, the company primarily engages in real estate construction, development, and other related activities.

As of March 31, 2022, the company had 32 Completed Projects, 12 Ongoing Projects, and 19 Forthcoming Projects throughout the Mumbai Metropolitan Region (“MMR”), including a diverse range of projects in the affordable, mid and mass, aspirational, premium, and super premium categories, all under the Rustomjee brand.

Keystone Realtors has created 20.05 million square feet of high-value and affordable residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks, and other real estate projects as of March 31, 2022.

As part of the business model, the company enters into joint development agreements, redevelopment agreements with landowners, developers, or societies, and slum rehabilitation projects, which require less upfront capital investment than direct land acquisition.

The company has adopted an integrated real estate development model for each stage of the property development life cycle, beginning with business development, which includes identifying land parcels and conceptualising the development, and ending with execution, which includes planning, designing, and overseeing construction activities, marketing, and sales.

The company had developed over 280 buildings and homes for over 14,000 families as of March 31, 2022.

Promoters of Keystone Realtors IPO

Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta are the company promoters.

Keystone Realtors IPO FAQs

What is Keystone Realtors IPO?

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.

When Keystone Realtors IPO will open?

The Keystone Realtors IPO opens on Nov 14, 2022 and closes on Nov 16, 2022.

What is the lot size of Keystone Realtors IPO?

Keystone Realtors IPO lot size is 27 Shares.

How to apply for Keystone Realtors IPO?

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.

When Keystone Realtors IPO allotment?

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.

When is Keystone Realtors IPO listing date?

The Keystone Realtors IPO listing date is Nov 24, 2022.

Who is the registrar of Keystone Realtors IPO?

Link Intime India Private Ltd is the registrar for Keystone Realtors IPO.

What is Keystone Realtors IPO Price Band?

Keystone Realtors IPO price band is ₹514 to ₹541 per equity share.