Keystone Realtors IPO

Keystone Realtors Limited

₹13,878 /27 sharesMinimum Investment

Keystone Realtors IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
14 Nov ‘22 - 16 Nov ‘22₹13,87827₹514 - ₹541
Issue SizeIPO Doc
635.00Cr
RHP PDF

Subscription Status As on 16 Nov '22, 5:17 PM

  • Qualified Institutional Buyers
    3.84x
  • Non-Institutional Investor
    3.03x
  • Retail Individual Investor
    0.53x
  • Total
    2.01x

About Keystone Realtors

Keystone Realtors Limited is one of the prominent real estate developers in the micro markets that it is present in. It operates under the popular brand name of Rustomjee which is focused on customer satisfaction, building communities, and nurturing spaces that provide customers with a superior lifestyle. Rustomjee has evolved into a brand that is synonymous with quality offerings and services due to its track record of delivering multiple high-end award-winning buildings, gated communities, and townships. It has a diversified suite of projects across a wide range of price points, and a presence in several micro markets. The company also has experience in developing lifestyle projects, high-value standalone buildings, gated communities, fully integrated townships, re-developments, and stalled projects.;
Parent Organisation
Keystone Realtors Limited
Founded
1995
Managing Director
Boman Rustom Irani

Strengths & Risks

  • Well-established customer-centric brand in the Mumbai Metropolitan Region
  • It is among the leading residential real estate development companies in MMR with a well-diversified portfolio and a strong pipeline
  • Asset-light and scalable model resulting in profitability and stable financial performance
  • Demonstrated project execution capabilities with in-house functional expertise
  • Robust stakeholder management capabilities across the spectrum of project development
  • Technology-focused operations resulting in operational efficiency and enhancing customer experiences
  • Strong focus on sustainable development
  • Experienced Promoters, qualified senior management, good corporate governance, and a committed employee base.
  • Significant dependence on the performance of the real estate market generally in India and particularly in the Mumbai Metropolitan Region (MMR)
  • Any inability to complete its ongoing projects and forthcoming projects by their respective expected completion dates
  • Dependence on its ability to anticipate and address consumer preferences in the various market segments.
  • Significant increases in prices, including that relating to increases in taxes and levies, or shortage of or delay or disruption in the supply of construction materials
  • Shortage of land for development in the MMR or a significant increase in the cost of such land or transferable development rights available for development in the MMR.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular514 - 541₹2 Lakh
For Keystone Realtors IPO, eligible investors can apply as Regular.
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