KEYSTONE REALTORS LIMITED
₹ 514 - ₹ 541
14-Nov-2022 - 16-Nov-2022
₹ 14607.00

/ 27 Shares

KEYSTONE REALTORS LIMITED

14-Nov-2022 - 16-Nov-2022

₹ 514 - ₹ 541

Price Band

₹ 14607.00

Minimum Investment

27

Bid Lot

11,737,521

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 152,153 Application Required in Retail for 1 Time.

  • Registrar : Link Intime India Private Ltd

IPO Details

Fresh Issue of Equity shares aggregating upto Rs 560 Cr and Offer for sale of Equity Shares Aggregating upto Rs 75 Cr

Category % Shares/Amount
QIB 50% 5,868,759 Shares Rs. 317.50 Cr
HNI 1 5% 586,876 Shares Rs 31.75 Cr @ 1553 Forms 1x
HNI 2 10% 1,173,753 Shares Rs.63.50 @ 3105 Forms 1x
Retail 35% 4,108,133 Shares Rs. 222.25 Cr @ 152153 Forms 1x

BRLMs: Axis Capital, Credit Suisse Securities

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
152153 1553 3105

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 27 ₹ 14,607
Retail (Upto 2 Lakh) 13 351 ₹ 189,891
S-HNI (2 Lakh to 10 Lakh) 14 378 ₹ 204,498
S-HNI (2 Lakh to 10 Lakh) 68 1836 ₹ 993,276
B-HNI (Above 10 Lakh) 69 1863 ₹ 1,007,883

IPO Timeline

  • Open Date

    14-Nov-2022

  • Close Date

    16-Nov-2022

  • Basis of Allotment Date

    21-Nov-2022

  • Initiation of Refunds

    22-Nov-2022

  • Credit Shares to Demat A/c

    23-Nov-2022

  • IPO Listing Date

    24-Nov-2022

Subscription as on
16-Nov-2022 17:12

Category Book Size Subscription No. of Times
QIB 2,347,504 ₹ 127.00 Cr. 9,477,918 ₹ 512.76 Cr. 4.04x
HNI (<10 LAKH) 586,876 ₹ 31.75 Cr. 942,192 ₹ 50.97 Cr. 1.61x
HNI2 (>10 LAKH) 1,173,753 ₹ 63.50 Cr. 4,673,025 ₹ 252.81 Cr. 3.98x
RETAIL 4,108,133 ₹ 222.25 Cr. 2,279,205 ₹ 123.30 Cr. 0.55x
Total 8,216,266 17,372,340 2.11x
Category Book Size Subscription No. of Times
QIB 2,347,504 ₹ 127.00 Cr. 9,477,918 ₹ 512.76 Cr. 4.04x
HNI (<10 LAKH) 586,876 ₹ 31.75 Cr. 942,192 ₹ 50.97 Cr. 1.61x
HNI2 (>10 LAKH) 1,173,753 ₹ 63.50 Cr. 4,673,025 ₹ 252.81 Cr. 3.98x
RETAIL 4,108,133 ₹ 222.25 Cr. 2,279,205 ₹ 123.30 Cr. 0.55x
Total 8,216,266 17,372,340 2.11x

*Excluding Anchor

Total No. of Application Approx : ~57962 (0.38 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • 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 include • Rustomjee Elements, a large gated community in Upper Juhu, Mumbai;
  •                • Rustomjee Paramount, a signature complex in Khar, Mumbai;
  •                • Rustomjee Seasons, a 3.82 acres gated community in Bandra Annexe, Mumbai;
  •                • 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 preconstruction 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.
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Strengths

  • Leverage the ‘Rustomjee’ brand to grow the asset-light operations.
  • Improve operational efficiency with technological innovation, trusted vendors and stakeholder management.
  • Leverage the leadership position in the premium category to grow the presence in the mid and aspirational category.
  • Increased focus on key growth areas in the proximity of upcoming infrastructure projects and relaxation of Coastal Regulation Zone norms.
  • Focus on sustainability.

Company Promoters

Boman Rustom Irani is the Promoter, Chairman and Managing Director of the company. Percy Sorabji Chowdhry is the Promoter and Executive Director of the company. Chandresh Dinesh Mehta is the Promoter and Executive Director of the company. Ramesh Tainwala is the Non-Executive Independent Director on the Board. Rahul Gautam Divan is the Non-Executive Independent Director on the Board. Seema Mohapatra is the Non-Executive Independent Director on the Board.

Company Financials

 
Period Ended Total Assets Total Revenue Profit After Tax Total Borrowing
31-Mar-19 4153.07 2142.65 137.74 1372.4
31-Mar-20 4415.31 1268.6 14.49 1220.26
31-Mar-21 3654.1 1177.27 231.82 2513.9
30-Jun-21 3676.24 91.4 -0.97 1145.56
31-Mar-22 3876.84 1302.97 135.83 1557.96
30-Jun-22 3910.15 176 4.22 1468.83
Amount in ? Crore

Objects of the Issue

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

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
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  • Maximum three bids will be accepted.
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  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
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