Keystone Realtors Limited IPO Closed

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IPO date 14 Nov 2022 – 16 Nov 2022
Listing date 24 Nov 2022
Price range 514 – 541
Minimum order quantity 27
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Founded in 1995, Keystone Realtors Limited (A Rustomjee Group Company) is a prominent real estate developer in the Mumbai Metropolitan Region (MMR). It has delivered projects under the affordable, mid and mass, aspirational, premium, and super premium categories, all under the Rustomjee brand.

As of March 31, 2022, it had 32 completed projects, 12 ongoing projects, and 19 forthcoming projects across MMR and has developed 20.05 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.

Notable Projects

  • 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, consists of three high-rise towers.

Their township at Thane, Rustomjee Urbania is certified by Indian Green Building Council and Natraj By Rustomjee commercial project is leadership in energy and environmental design certified.

Financial Snapshot

Financial Year Ended  Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 2116.99 137.74 15.25
March 2020 121.15 14.49 2.20
March 2021 848.72 231.82 31.04

IPO Schedule

Issue Period 14th November to 16th November 2022
Finalization of Allotment 21st November 2022
Initiation of Refunds 22nd November 2022
Credit of Shares 23rd November 2022
Date of Listing 24th November 2022
Mandate end date 1st December 2022
Anchor Investors Lock-In End Date 16th December 2022

How do I apply to the Keystone Realtors Limited IPO?

You can apply for the Keystone Realtors Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Keystone Realtors Limited IPO?

You can check the allotment status for the Keystone Realtors Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.