
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
Last updated: 26 Nov 2025
Current Premium
Issue Price (Upper)
₹541
Band: ₹514 – ₹541
Estimated Listing Price
₹545
Upper price + GMP
Lot Size
27 shares
Min investment ₹14,607
Estimated Profit / Lot
₹108
27 × ₹4
Grey Market Premium trend
+₹4
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹4 | 0.7% | ₹545 |
| 30 Oct 2026 | +₹4 | 0.7% | ₹545 |
| 29 Oct 2026 | +₹4 | 0.7% | ₹545 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Keystone Realtors Limited IPO is ₹4, which indicates an expected listing price of ₹545.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.