Keystone Realtors IPO: Check IPO Details, Date, Price | Espresso


Keystone Realtors Ltd to Open on Nov 14. Check IPO Details, Issue Date, Price

November 11, 2022
Keystone Realtors Ltd to Open on Nov 14. Check IPO Details, Issue Date, Price

Keystone Realtors Ltd is coming out with a fresh public issue to raise Rs. 635 crores from the market.

Below are the details of the Keystone Realtors Ltd IPO:

  • Issue opens – Nov 14 (Monday)
  • Issue closes – Nov 16 (Wednesday)
  • Issue size – Rs. 635 crores
  • Price band – Rs. 514 to 541 per equity share
  • Bid lot – 27 shares and in multiples thereof

Heard about Pre-Apply IPO?

With Espreso's Pre-Apply IPO feature, you can apply for IPOs before the start date or even after market hours! Check out these easy-to-follow tutorials:

Quick Video Guides
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

Quick Visual Walkthroughs
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

And here are some details of the company and further details on the Keystone Realtors Ltd.

Company details:

·        Keystone Realtors Ltd (“Rustomjee”) was incorporated on November 6, 1995.  Rustomjee is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets. They command a market share of 28% in Khar, 23% market in Juhu, 11% in Bandra East, 14% in Virar, 3% in Thane and 5% in Bhandup in terms of absorption (in units) from 2017 to 2021. As of June 30, 2022, they had 32 Completed Projects, 12 Ongoing Projects and 21 Forthcoming Projects across the Mumbai Metropolitan Region (“MMR”) that includes a comprehensive range of projects under the affordable, mid and mass, aspirational, premium and super premium categories, all under the Rustomjee brand.

·        As of June 30, 2022, they have developed over 20 msf of high-value and affordable residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks and various other real estate projects.

·        Some of their notable projects includes.

                    i.        Rustomjee Elements, a large gated community in Upper Juhu, Mumbai.

                   ii.        Rustomjee Paramount, a signature complex in Khar, Mumbai

                 iii.        Rustomjee Seasons, a 3.82 acres gated community in Bandra Annexe, Mumbai;

                  iv.        Rustomjee Crown, a 5.75 acres land parcel for high-end development at Prabhadevi, South Mumbai.

·        Rustomjee has adopted an integrated real estate development model, with capabilities and in-house resources to execute projects from its initiation to completion. As of June 30, 2022, they had 1,542 channel partners who present the Rustomjee portfolio to their customers.

·        Rustomjee uses 3-dimensional building information modelling (“BIM”) software for model-based construction which visualises projects in pre-construction and allows for better coordination among in-house teams, contractors and external consultants.  In addition, they currently have partnerships with strategic investors such as HDFC Capital Affordable Real Estate Fund-3. They also have strategic investors such as Lipalton Pte. Ltd. for Rustomjee Urbania. In the past, they received equity investments from Giza and HDFC Capital Affordable Real Estate Fund - 1 for Rustomjee Urbania.

Issue Size:

635 crores

Issue break-up:

  • QIB – 50% of the offer – Rs. 317.50 crores
  • NIB – 15% of the offer – Rs. 95.25 crores
  • RET – 35% of the offer – Rs. 222.25 crores




Link Intime India Private Limited


All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode

Not an Espresso customer, but still want to apply for the Keystone Realtors Ltd IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.