What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Keystone Realtors Limited IPO?

Keystone Realtors Limited IPO has received a total subscription of 2.01 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Keystone Realtors Limited

ListedMainboard

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

₹4

+0.7%

Est. Listing

₹545

at current GMP

Subscribed

2.01x

overall

Open

14 Nov 2022

16 Nov 2022

Allotment

21 Nov 2022

Refund

22 Nov 2022

Demat Credit

23 Nov 2022

Listing

24 Nov 2022

Last updated 11 months ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

2.01x

Total Demand

QIB Multiplier

4.04x

Institutions & Funds

NII / HNI

3.19x

High Net-Worth

Retail (RII)

0.55x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 2.01x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,347,504	9,477,918	4.04x
NIB	1,760,629	5,615,217	3.19x
HNIs(10L +)	1,173,752	4,673,025	3.98x
HNIs (2-10L)	586,877	942,192	1.61x
RETAIL	4,108,132	2,279,232	0.55x
Total	9,976,894	22,987,584	2.01x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 0.64x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	152,153	83,684	0.55x
HNIs (10L +)	973	3,104	3.19x
HNIs (2-10L)	4,658	14,859	3.19x
Total Applications	157,784	101,647	0.64x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Keystone Realtors Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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.

Frequently Asked Questions

What is Keystone Realtors Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Keystone Realtors Limited IPO is ₹4 per equity share. Based on the upper price band of ₹514 to ₹541 per equity share, the estimated listing price is ₹545 (+0.7% expected listing gain).

What is the expected profit per lot for Keystone Realtors Limited IPO?

With a lot size of 27 shares and current GMP of ₹4, the expected profit per application lot is approx ₹108 (+0.7% gain). Minimum application cost is approx ₹14,607.

What is the issue size and price band for Keystone Realtors Limited IPO?

The Keystone Realtors Limited IPO aggregate issue size is ₹635 Crores with an equity price band set at ₹514 to ₹541 per equity share. The retail lot size is 27 shares requiring a minimum capital outlay of approx. ₹14,607.

How can I check Keystone Realtors Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.01x (Retail: 0.55x, QIB: 4.04x, NII: 3.19x). You can track live multiples directly on our dedicated subscription page.

Where and when will Keystone Realtors Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2022-11-21. Investors can verify status using PAN card or application number.

When is the listing date for Keystone Realtors Limited IPO?

Keystone Realtors Limited shares are scheduled to list on NSE and BSE on 2022-11-24.