Keystone Realtors Limited IPO

Keystone Realtors limited IPO GMP, Review, Price, Allotment

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Keystone Realtors (KRL), working the ‘Rustomjee’ brand, is one of the outstanding actual property builders in phrases of absorption in wide variety of units withinside the focused micro markets.

  • KRL has a assorted suite of tasks throughout a huge variety of fee points having advanced 20.2 mn sq feet of high-price and less expensive residential buildings, top rate gated estates, townships and diverse different tasks.
  • The agency has commanded marketplace percentage of 28% in Khar, 23% in Juhu, 11% in Bandra East, 14% in Virar, 3% in Thane and 5% in Bhandup in phrases of absorption (in units) in 2017-21.
  • As of June 30, 2022, KRL had 32 finished tasks, 12 ongoing tasks and 21 drawing close tasks throughout MMR.
  • Some of its fantastic tasks consist of Rustomjee Elements, a massive gated network in Upper Juhu, Mumbai; Rustomjee Paramount, a signature complicated in Khar; Rustomjee Crown and a 5.75-acre land parcel for high-end improvement at Prabhadevi, South Mumbai.

Stengths:

  • Well installed customer-centric brand; to leverage ‘Rustomjee’ brand
  • Among main residential actual property agencies in MMR
  • Focus on key boom regions withinside the proximity of upcoming infrastructure initiatives frequently withinside the adjacent MMR
  • Asset-mild and scalable version ensuing in profitability and solid financial performance

Risks:

  • Noteworthy dependency on unmarried region – MMR
  • Significant will increase in costs or disruption in deliver of construction substances might also additionally bring about value overruns
  • Faces opposition from numerous actual property developers

Keystone Realtors Limited IPO Important Dates:

Opening Date14 November 2022
Closing Date16 November 2022
Basis of Allotment21 November 2022
Initiation of refunds22 November 2022
Transfer of shares to demat accounts23 November 2022
Listing Date24 November 2022

Keystone Realtors Limited IPO Details

Keystone Realtors IPO Price₹514 to ₹541 per share
Lot Size27 Shares
Minimum Amount for 1 lot₹14,607
Total IPO size635.00 crore
Offer for Sale1,386,322 shares
Listing AtBSE, NSE
Retail Quota35%
QIB Quota50%
NII Quota15%
DRHP Draft ProspectusClick Here
RHP Draft ProspectusClick Here

Objects of the Issue:

  • Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries.
  • Funding acquisition of future real estate projects and general corporate purposes.

Company Financials:

Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-194153.072142.65137.741372.4
31-Mar-204415.311268.614.491220.26
31-Mar-213654.11177.27231.822513.9
30-Jun-213676.2491.4-0.971145.56
31-Mar-223876.841302.97135.831557.96
30-Jun-223910.151764.221468.83

Revenue, EBITDA and PAT:

Particulars (in Rs. Crores)FY22FY21FY20
Revenue1269.4848.71211.5
EBITDA210.7149.5193.4
PAT135.8231.814.5

Cash flow:

Particulars (in Rs. Crores)FY22FY21FY20
Net cash generated from/(used in) operating activities-109.6642.5351.1
Net cash from / (used in) investing activities-137.7-235.1-199.8
Net cash flow from / (used in) financing activities154.0-609.3171.2
Net increase (decrease) in cash and cash equivalents-93.3-201.9322.5

IPO Valuation – FY2022:

Earning Per Share (EPS):₹13.96 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):14.97%
Net Asset Value (NAV):₹93.24 per Equity Share

Peer Comparison:

Name of the CompanyTotal Income
(Rs. Cr)
Basic EPSNAV Rs. per sharePERoNW %
Keystone Realtors Limited1,302.9713.9693.24NA14.97%
Macrotech Developers Limited9,579.1726.28255.1136.0610.30%
Godrej Properties Limited2,585.6912.68312.0999.314.06%
Oberoi Realty Limited2,752.4228.8286.4732.1610.05%
Sunteck Realty Limited534.021.79198.77220.340.90%

Company Promoters:

  • Boman Rustom Irani
  • Percy Sorabji Chowdhry
  • Chandresh Dinesh Mehta

IPO Registrar:

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: kaynes.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

Company Contact Information:

Keystone Realtors Limited
702, Natraj, MV Road Junction,
Western Express Highway,
Andheri (East), Mumbai, Maharashtra, 400069
Phone: +91 (22) 6676 6888
Email: cs@rustomjee.com
Website: https://www.rustomjee.com/

Keystone Realtors Limited IPO GMP

GMP (Grey Market Premium)Subject to SaudaListing Gain

Rustomjee Keystone Realtors Limited IPO Review:

What our experts say about Keystone Realtors Limited IPO ReviewApply

Keystone Realtors IPO Subscription Status:

Investor CategorySubscription (times)
Qualified Institutions3.84
Non-Institutional Buyers3.03
Retail Investors0.53
Employees
Others
Total2.01

Keystone Realtors IPO Subscription Details (times):

DateQIBNIIRetailTotal
Day 1
Nov 14, 2022
0.000.110.120.08
Day 2
Nov 15, 2022
0.490.720.240.41
Day 3
Nov 16, 2022
3.843.030.532.01

Keystone Realtors Limited IPO Allotment Status:

Check Keystone Realtors Limited IPO Allotment StatusClick Here

Keystone Realtors Limited IPO Listing Performance:

IPO Price Band₹514 to ₹541
Open₹555.00
Low₹555.00
High₹568.25
Close₹557.80

FAQ:

  1. When will Keystone Realtors Ltd. IPO open for subscription?

    Keystone Realtors Limited IPO is set to open on 14 November 2022.

  2. What is Keystone Realtors Limited IPO Price Band?

    Keystone Realtors Limited IPO Price Band is ₹514 to ₹541 per share.

  3. What is the lot size of Keystone Realtors Limited IPO?

    Lot size of Keystone Realtors Limited IPO is 27 Shares per lot.

  4. What is the issue size of Keystone Realtors Limited IPO?

    Keystone Realtors Limited IPO issue size is ₹635.00 crore.

  5. What is the last date to apply for Keystone Realtors Limited IPO?

    Last date to apply Keystone Realtors Limited IPO is 16 November 2022.

  6. What is the Keystone Realtors Limited IPO Allotment Date?

    Allotment Date for Keystone Realtors Limited IPO is 21 November 2022.

  7. What is the Keystone Realtors IPO listing date?

    Listing Date for Keystone Realtors Limited IPO is 24 November 2022.

  8. Keystone Realtors IPO should I buy?

    Yes, you should buy Keystone Realtors IPO as Keystone Realtors Limited is one of the prominent real estate developer. And Keystone Realtors have developed 20.22 million square feet of high-value and affordable residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks and various other real estate projects.

  9. What is the listing price of Keystone Realtors IPO?

    Listing price of Keystone Realtors IPO is ₹555.00

How to apply the keystone realtors ipo through 5 Paisa?

  1. Login to your 5paisa account and select “Inox Green Energy Services India Limited IPO” in the current IPO section.
  2. Enter the number of lots and price at which you wish to apply for the IPO.
  3. Enter your UPI ID and click on submit.
  4. You will receive a mandate notification to block funds in your UPI app.
  5. Approve the mandate request on your UPI and funds will be blocked

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