
Real Estate / Construction & Development · NSE / BSE
Incorporated in 1995, Keystone Realtors Limited is a prominent real estate developer in India engaged in construction, development, and related activities. As of June 30, 2022, the company had 32 completed projects, 12 ongoing projects, and 21 forthcoming projects across the Mumbai Metropolitan Region under the Rustomjee brand, covering affordable, mid, aspirational, premium, and super-premium segments. Keystone Realtors has developed 20.22 million sq. ft. of residential buildings, gated estates, townships, corporate parks, retail spaces, schools, and iconic landmarks. The company follows an integrated real estate development model encompassing land identification, planning, design, construction, marketing, and sales, and engages in joint development agreements, redevelopment agreements, and slum rehabilitation projects to optimize capital investment. To date, Keystone Realtors has developed over 280 buildings, serving more than 14,000 families.
Price Band
₹514 – ₹541
Issue Size
₹635 Cr
Lot Size
27 shares
GMP
+0.7%
Est. Listing
₹545
at current GMP
Subscribed
2.01x
overall
Open
14 Nov 2022
Close
16 Nov 2022
Allotment
21 Nov 2022
Refund
22 Nov 2022
Demat Credit
23 Nov 2022
Listing
24 Nov 2022
Designated Registrar: Link Intime India Private Limited
Allotment Date
21 Nov 2022
Basis finalization
Refunds Initiate
22 Nov 2022
Mandate release
Demat Credit
23 Nov 2022
Shares in demat
Listing Debut
24 Nov 2022
Trading begins
Keystone Realtors Limited is bringing an initial public offering (IPO) in the Real Estate / Construction & Development sector with an aggregate issue size of ₹635 Crores. The shares are offered at a price band of ₹514 to ₹541 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2022-11-16, the basis of allotment is scheduled to be finalized on 2022-11-21. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.