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Keystone Realtors IPO
Keystone Realtors Ltd. has filed DRHP with SEBI for a Rs 850 crore IPO. The offer will contain Rs 700 crore in new shares and Rs 150 crore in offer for sale of equities from selling shareholders. The company is a prominent real estate developer in the micro market they represent. Click here to Apply for Keystone Realtors IPO.
Opening Date
Nov 14, 2022
Closing Date
Nov 16, 2022
Price Band
₹514 - ₹541
per equity share
Issue Size
₹635 Cr
Face Value
₹10
per equity share
Market Lot
27 Shares
Opening Date
Nov 14, 2022
Closing Date
Nov 16, 2022
Price Band
₹514 - ₹541
per equity share
Issue Size
₹635 Cr
Face Value
₹10
per equity share
Market Lot
27 Shares
Listing at NSE, BSE
Keystone Realtors Ltd. IPO Important Dates
| IPO Open Date | Nov 14, 2022 |
|---|---|
| IPO Close Date | Nov 16, 2022 |
| 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 |
| UPI Mandate Expiry Date | Nov 16, 2022 |
Keystone Realtors IPO Latest News and Subscription Status Today [Live]
At 05:38:00 PM.
This IPO has been subscribed 2.01x by 05:38 PM. on Day 3
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 1.97x by 03:38 PM. on Day 3
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.80x by 01:18 PM. on Day 3
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.46x by 11:04 AM. on Day 3
It is a public issue of 8,647,858 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 3.84
- (NII) Non-institutional buyers: 3.03
- (RII) Retail Individual buyers: 0.53
- Employees: [.]
- (QIB) Qualified institutional buyers: 3.84
- (NII) Non-institutional buyers: 2.98
- (RII) Retail Individual buyers: 0.47
- Employees: [.]
- (QIB) Qualified institutional buyers: 1.24
- (NII) Non-institutional buyers: 1.32
- (RII) Retail Individual buyers: 0.33
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.49
- (NII) Non-institutional buyers: 0.84
- (RII) Retail Individual buyers: 0.28
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 0.41x by 05:00 PM. on Day 2
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.24x by 03:32 PM. on Day 2
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.16x by 01:28 PM. on Day 2
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.11x by 10:54 AM. on Day 2
It is a public issue of 8,647,858 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.49
- (NII) Non-institutional buyers: 0.72
- (RII) Retail Individual buyers: 0.24
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.08
- (NII) Non-institutional buyers: 0.51
- (RII) Retail Individual buyers: 0.23
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.08
- (NII) Non-institutional buyers: 0.20
- (RII) Retail Individual buyers: 0.19
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.13
- (RII) Retail Individual buyers: 0.15
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 0.8x by 05:00 PM. on Day 1
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.4x by 03:02 PM. on Day 1
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.04x by 01:08 PM. on Day 1
It is a public issue of 8,647,858 equity shares.
Status of Subscription
This IPO has been subscribed 0.01x by 10:58 AM. on Day 1
It is a public issue of 8,647,858 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.11
- (RII) Retail Individual buyers: 0.12
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.08
- (RII) Retail Individual buyers: 0.09
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.06
- (RII) Retail Individual buyers: 0.05
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.02
- Employees: [.]
About Keystone Realtors Ltd.
The company is involved in real estate development for the micro market. They are one of the leading developers with significant market shares in terms of unit adoption in areas like Khar, Juhu, Bandra East, Virar, Thane, and Bhandup.
The company has a diversified suite of projects across a wide range of price points with position in several micro markets. As of March 2022, they had 32 completed projects, 12 ongoing, and 19 upcoming real estate projects in different locations in Mumbai all under their Rustomjee brand.
Keystone Realtors IPO Objectives
- The company will use the net proceeds from the new shares to fund the acquisition of future real estate projects.
- A portion of the fund will be used to repay and prepay certain market borrowings and general corporate purposes.
Why should you invest in Keystone Realtors IPO?
Below are your top reasons:
- The company has a long track record as a leading player in its domain since 1995.
- Their projects are environmentally sustainable. The company adopts a comprehensive approach to sustainable development through design and construction phases.
- The company follows an asset-light, scalable business model supporting its stable financial performance.
Financial Highlights
| Particulars (in Rs. Crores) | For the year/period ended (₹ in million) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue From Operation | 8,487.21 | 12,114.71 | 21,169.89 |
| EBITDA | 1,494.50 | 1,934.26 | 3,282.54 |
| EBITDA Margin (%) | 17.61 | 15.97 | 15.51 |
| Profit After Tax | 2,318.23 | 144.94 | 1,377.43 |
| EPS | 3.54 | 0.04 | (2.44) |
| ROE | NA | NA | NA |
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How to apply for Keystone Realtors IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Keystone Realtors IPO and approve the payment on your UPI ID.
Demat Account
- If you are an existing Angel One user, Pre-Apply Now!
- If you’re a new investor, open an Angel One Demat account and begin your investment journey.
Keystone Realtors Ltd. Noteworthy Highlights
- During the COVID period between April 2019 and March 2021, they completed fourteen projects with an aggregated saleable area of 1.73 million square feet.
- They enter into joint and redevelopment agreements with landowners, which help them to keep initial capital investment low by avoiding direct land acquisition.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| They follow an asset-light business model, which requires lower upfront capital expenditure. | The company's future cash flow depends on the performance of the Indian real estate industry and specifically of the Mumbai Metropolitan Region. |
| They are one of the prominent real estate developers operating in the micro market of MMR. | Failure to complete projects on time will incur costs and impact future profit. |
| The company demonstrated consistent performance, which is instrumental in its continuous profit. | Significant increases in prices, including hikes in taxes and levies, can adversely affect the business. |
Competitive Analysis: Market Peers
The company faces challenges from listed and unlisted players in the sphere. Here is a competitive analysis of Keystone Realtors Ltd.
| Company Name | Total income for Fiscal 2021 in Rs million | P/E ratio | EPS | NAV |
|---|---|---|---|---|
| Keystone Realtors Ltd. | 11,772.66 | NA | 31.04 | 80.06 |
| Macrotech Developers Ltd. | 57,716.52 | 1,089.01 | 1.01 | 116.17 |
| Godrej Properties Ltd. | 13,330.90 | NA | (7.48) | 328.56 |
| Oberoi Realty Ltd. | 20,905.87 | 38.40 | 20.33 | 257.68 |
| Sunteck Realty Ltd. | 6,308.42 | 159.36 | 2.98 | 189.37 |
Keystone Realtors IPO FAQs
What is Keystone Realtors Ltd. IPO?
Keystone Realtors Ltd. will raise close to Rs 850 crore through the public route, consisting of fresh issues worth Rs 700 crore and offer for sale equity shares of Rs 150 crore.
When will the Keystone Realtors Ltd. IPO allotment be available?
The IPO shares will be allotted to investors' Demat account on November 21, 2022.
What will be the Keystone Realtors Ltd. IPO lot size?
The lot size has been determined at 27 shares.
When will Keystone Realtors Ltd. IPO open for subscription?
The IPO subscription window will open on November 14, 2022.
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot.
When will Keystone Realtors Ltd. list on exchanges?
The Keystone Realtors Ltd. IPO shares will be listed on November 24, 2022.
How to check the allotment status of Keystone Realtors Ltd. IPO?
Angel One customers can log in to their accounts to check Capillary Technologies India Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
What would be the listing gains on Keystone Realtors Ltd. IPO?
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
I have finished the application process for Keystone Realtors Ltd. IPO, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
How to approve the UPI mandate request for Keystone Realtors Ltd. IPO?
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Can I submit more than one application for the public issue of Keystone Realtors Ltd. using one PAN?
You can submit only one application using one PAN card.
What is the minimum order quantity for Keystone Realtors Ltd. IPO?
The minimum order size of Keystone Realtors Ltd. IPO is 27 equity shares.
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