Keystone Realtors Limited

About the company

## **How to check the Keystone Realtors** **IPO** **allotment status?** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Keystone Realtors IPO. The Keystone Realtors IPO’s closing date is 16 November 2022. The Keystone Realtors IPO’s allotment date has been set five days later, on 21 November 2022. Here’s a step-by-step guide on how to check the Keystone Realtors IPO allotment status: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover page, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, you will find the ‘View all’ option 1. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab 1. In the ‘IPO’ tab, click on ‘My applications’  1. In ‘My applications’, under the History section, your allotment status will be mentioned [ ](https://linkintime.co.in/mipo/ipoallotment.html) ## **About Keystone Realtors   IPO** After the pandemic, real estate sales in Mumbai soared due to a combination of low-interest rates on loans and pent-up demand. Now, this momentum continues to grow with each passing quarter. Between July and September, real estate sales surged 80% on a year-on-year basis. Against this backdrop of booming real estate space, Keystone Realtors is looking to raise money through the IPO route. The prominent real estate developer plans to raise ₹560 crore through a fresh issue of Keystone Realtors ltd IPO. The money will be used to fund future real estate projects and repay debt. Since its inception in 1995, the Mumbai-centric real estate player has developed 20.2 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. The real estate player develops properties under the Rustomjee brand name. It commanded 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 between 2017 and 2021. Also, it has a robust pipeline of 12 ongoing projects and 21 forthcoming projects across the Mumbai Metropolitan Region (MMR). So, here’s a look a the key details about the Keystone Realtors IPO: Company Name| **Keystone Realtors Private Limited**|  | Company Type| **Private** ---|---|---|---|--- Founder’s name|**Boman Rustom Irani**Keystone Realtors IPO Price band|**₹ 514- ₹ 541 per share** ### **Financial snapshot** **Particulars**| **FY 20**| **FY 21**| **FY 22** ---|---|---|--- **Revenue**|₹ 1,211.4 crore|₹848.7crore|₹ 1,269.3 crore **Net Profit**|₹ 14.4 crore|₹ 231.8 crore|₹ 135.8 crore ---| ## **Here’s a quick look at Keystone Realtors IPO’s strengths, weakness, opportunities and risks (SWOT analysis)** ### **Strengths and opportunities** 1. Focus on entering into joint and redevelopment agreements as well as slum rehabilitation projects. These projects require lower upfront capital investment 1. Has 1,542 channel partners who drive customer traffic to its projects 1. The net debt to equity ratio has declined to 1.3x in FY22 from 7.7x in FY20 1. Presales increased to ₹2,639 crore in FY22 from ₹1,009.1 in FY20  1. Has developed 32 projects, over 280 buildings and homes for more than 14,000 families ### **Risks and threats** 1. An increase in prices of construction materials such as cement, sand, steel, brick, ready-mix concrete, wood and aluminium 1. Shortage of land for development in the MMR or a significant increase in cost of land 1. The business is capital intensive and requires significant expenditure for real estate project development 1. The total financial indebtedness stands at ₹1,521.7 crore 1. Faces competition from regional, national and international property developers 1. Requires approval and permits for ongoing projects from authorities 1. The Indian central bank has been increasing rates to battle inflation. So, the rising interest rates on loans may hurt real estate sales ## **Keystone Realtors IPO details** ### **** **Keystone Realtors IPO date** The offer document filed by the company with the SEBI mentions that the Keystone Realtors IPO’s opening date – in other words, the Keystone Realtors IPO launch date – will be on 14 November 2022. The Keystone Realtors IPO closing date is 16 November 2022. After this, investors will be updated about the allotment status on 21 November 2022. Investors, who have been allotted shares, can expect them to be credited in their demat account on 23 November 2022. The Keystone Realtors IPO listing date is 24 November 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. ### **** **Keystone Realtors** **IPO Price Band** The entire IPO is a book-built issue. The Keystone Realtors IPO price band has been set between ₹514 and ₹541 per share. Interested investors can choose a price within this band to apply for the IPO. The Keystone Realtors IPO listing price will be determined on 24 November 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. ### **** **Keystone Realtors IPO Lot size** The Keystone Realtors IPO details have been declared. The Keystone Realtors IPO lot size is set at 27 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 27 lots (351 shares). Meanwhile, the Keystone Realtors IPO issue size is ₹635 crore. ## **How to pre-apply for the Keystone Realtors** **IPO?** You can pre-apply for the Keystone Realtors IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover tab, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, look for the ‘Keystone Realtors IPO’ tab and click on it 1. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 1. Confirm and click on ‘Pre-Apply’ 1. Accept the mandate on your UPI app ## **How to apply for the Keystone Realtors** **IPO?** If you are interested in this investment opportunity but unsure how to apply for the Keystone Realtors IPO, here we are listing out the steps for you. Here’s a step-by-step guide on how to apply for the Keystone Realtors IPO on Upstox: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover tab, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, look for the ‘Keystone Realtors IPO’ tab and click on it 1. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 1. Confirm and click on ‘Apply’ 1. Accept the mandate on your UPI app ## **Open a demat account with Upstox to apply for the Keystone Realtors** **IPO** To apply for the Keystone Realtors IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox: 1. Click [ **here**](https://upstox.com/open-demat-account/\OpenOpen?landing_page=learning-center/demat-account/demat-account-opening-procedure) to visit the demat account opening page on the Upstox website.  1. Enter your phone number and other essential details to begin opening a demat account. 1. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  1. Complete the e-verification using the OTP sent to your registered mobile number. This is all it takes to open a demat account with Upstox. Easy and quick, right? [ ](https://upstox.com/open-demat-account/\Open\Open) ## **Upstox – trading app to apply for the Keystone Realtors IPO** Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Keystone Realtors IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   14 Nov 2022

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Nov 2022

   Last day to place your bid

3. Basis of Allotment

   Completed
   16 Nov 2022

   Share allotment finalised

4. Refund Initiation

   Completed
   22 Nov 2022

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   21 Nov 2022

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Nov 2022

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.