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Open
14 Nov 2022
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Close
16 Nov 2022
3
Allotment
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Listing
Thu, Nov 24, 2022
Price Band
₹514 to ₹541
Issue Size
1,17,37,521 shares (agg. up to ₹635 Cr)
Lot Size
27 Shares
Listing Date
Thu, Nov 24, 2022
Latest GMP
₹-5
Est. Gain
-0.92%
✦ AI Insight
GMP Trend
24-11-2022₹-5Est. ₹536-0.92%
23-11-2022₹4Est. ₹545+0.74%
22-11-2022₹5Est. ₹546+0.92%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.79x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|---|---|
| Assets | 3,910.15 | 3,876.84 | 3,676.24 | 3,654.10 | 4,415.31 | 4,153.07 |
| Total Income | 176.00 | 1,302.97 | 91.40 | 1,177.27 | 1,268.60 | 2,142.65 |
| Profit After Tax | 4.22 | 135.83 | -0.97 | 231.82 | 14.49 | 137.74 |
| NET Worth | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Total Borrowing | 1,468.83 | 1,557.96 | 1,145.56 | 2,513.90 | 1,220.26 | 1,372.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shriram Properties Ltd. | Mainboard | ₹600.04 Cr | ₹118 | null | ₹99.60 | -15.59% | ₹87.18 (+0.26%) |
| Shantidoot Infra Services Ltd. | SME | ₹4.02 Cr | ₹81 | 10.37 | ₹110.25 | +36.11% | ₹590.00 (+4.31%) |
| Kesar India Ltd. | SME | ₹15.82 Cr | ₹170 | 13.87 | ₹174.00 | +2.35% | ₹1,249.20 (-0.22%) |
| B-Right Realestate Ltd. | SME | ₹44.36 Cr | ₹153 | 164.52 | ₹154.00 | +0.65% | ₹820.00 (-2.38%) |
| Modi's Navnirman Ltd. | SME | ₹22.68 Cr | ₹180 | 57.32 | ₹188.95 | +4.97% | ₹341.95 (+1.12%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and/or certain of the Subsidiaries; | 341.60 |
| 2 | Funding acquisition of future real estate projects and general corporate purposes | 182.86 |
About Keystone Realtors IPO
Incorporated in 1995, Keystone Realtors Limited is one of the prominent real estate developer. The company is engaged primarily in the business of real estate construction, development and other related activities in India. As of June 30, 2022, the company 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. June 30, 2022, 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. As part of the business model, the company is entering into joint development agreements, redevelopment agreements with landowners or developers or societies, and slum rehabilitation projects, which requires lower upfront capital investment compared to direct acquisition of land parcel. The company have adopted an integrated real estate development model for every stage of the property developm
Contact Details
Keystone Realtors Ltd. Address702, Natraj, MV Road JunctionWestern Express HighwayAndheri (East)Mumbai, Maharashtra, 400069+91 (22) 6676 6888cs@rustomjee.comVisit Website