Rustomjee- Keystone Realtors IPO Details: IPO Open 14 to 16 Nov 2022, Issue Amount Upto Rs 635.00 Cr, Bid Price Rs 514 to 541, Lot 27 Shares
About the company
The Company was incorporated as ‘Keystone Realtors Private Limited’, in Mumbai, under the provisions of Companies Act, 1956 pursuant to a certificate of incorporation dated November 6, 1995 issued by the Registrar of Companies, Maharashtra at Mumbai (“RoC”).The name of our Company was subsequently changed to ‘Keystone Realtors Limited’, upon conversion into a public company, pursuant to a board resolution dated April 28, 2022 and a shareholders’ resolution dated April 28, 2022, and a fresh certificate of change of name was issued on May 6, 2022 by the RoC. For details of change in the registered office of the Company, see ‘History and Certain Corporate Matters’ on page 228.
Keystone Realtors Limited (Rustomjee) is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets that it is present in. It commands 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, it 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.
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Founded: 1995
Company Promoters & Managing Director of the Company
Promoters: Boman Rustom Irani, Percy Sorabji Chowdhry & Chandresh Dinesh Mehta
Managing Director: Boman Rustom Irani
Rustomjee Keystone Realtors Limited IPO Details
| Issue Amount | Upto Rs 635.00 Crores |
| IPO Open Date | Nov 14, 2022 to Nov 16, 2022 |
| Face Value | Rs 10 Per Share |
| Price Band | Rs 514 to 541 |
| Lot Size | 27 Shares |
| Offer for Sale | Up to [●] Equity Shares |
| Offer Type | Book Built Offer |
| IPO Registrar | Link Intime India Private Limited |
Rustomjee Keystone Realtors Ltd. IPO Timeline, IPO Open Date, Listing Date, Refund Date
| Event | Tentative Date |
|---|---|
| IPO Open Date | 14 November 2022 |
| IPO Close Date | 16 November 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 21 November 2022 |
| Initiation of Refunds | 22 November 2022 |
| Credit of Shares to Demat Account | 23 November 2022 |
| IPO Listing Date (Trading Commence) NSE & BSE | 24 November 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
| Total | 100% |
Objects Of The Offer:
Requirement of funds
We propose to utilise the Net Proceeds towards funding the following objects:
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Company and/or certain of our Subsidiaries;and
- Funding acquisition of future real estate projects and general corporate purposes.
Important Financial Data:
For the year/period ended (₹ in Crores) Last Three Year
| Particulars (in ₹ Crores) As per 31 March, | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | 3,877 | 3,654 | 4.415 |
| Total Revenue | 1,303 | 1,177 | 1,269 |
| Net Profit & Loss For The Period After Tax | 136 | 232 | 14.49 |
Prospectus Document:
Download RHP File
Download DRHP File
Know all about this IPO
Rustomjee Keystone Realtors Ltd. IPO Issue Amount?
Issue Amount : Upto Rs 635 Crore.
What is Rustomjee Keystone Realtors IPO?
IPO is a main-board IPO. They are going to raise ₹ 635 Crores via IPO. The issue is priced at ₹ 514 to ₹ 541 per equity share. The IPO is to be listed on BSE & NSE.
Keystone Realtors Limited IPO Open?
Monday, 14 November 2022 to Wednesday 16 November 2022.
Rustomjee Keystone Realtors Limited IPO Will Open?
The IPO is to open on 14 November 2022 for QIB, NII, and Retail Investors.
The Rustomjee Keystone Realtors IPO Promoter Holding
Pre Issue Share Holding: %
Post Issue Share Holding: %
Company Address & Contact Info.
Registered and Corporate Office:
702, Natraj, MV Road Junction,
Western Express Highway, Andheri (East),
Mumbai, Maharashtra, India 400069;
Tel: +91(22) 6676 6888
Contact Person: Bimal K Nanda, Company
Secretary and Compliance Officer
Tel: +91 (22) 6676 6888
E-mail: cs@rustomjee.com
Website: www.rustomjee.com
Corporate Identity Number: U45200MH1995PLC094208
Rustomjee Keystone Realtors Limited IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West),Mumbai 400 083,
Maharashtra, India
Telephone: +91 22 4918 6200 / +91 810 811 4949
E-mail: rustomjee.ipo@linkintime.co.in
Investor grievance E-mail: rustomjee.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
How to apply on Zerodha, Rustomjee Keystone Realtors Ltd. IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Rustomjee Keystone Realtors Ltd. IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Rustomjee Keystone Realtors Ltd. IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Rustomjee Keystone Realtors Ltd. IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.
Click Here to Open Zerodha Account
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