Founded in 1995, Keystone Realtors Limited (A Rustomjee Group Company) is a prominent real estate developer in the Mumbai Metropolitan Region (MMR).
Its projects span 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 have 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, consisting 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 (Rs in Cr)
| FY | Revenue from operations | EBITDA | PAT | EPS |
|---|---|---|---|---|
| 19 | 2116.99 | 2116.99 | 137.74 | 15.25 |
| 20 | 1211.47 | 121.15 | 14.49 | 2.20 |
| 21 | 848.72 | 848.72 | 231.82 | 31.04 |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 14th November -16th November 2022 |
|---|---|
| Price Band | ₹ 514-541 |
| Minimum Bid Quantity | 27 and multiples thereof |
| Face Value | ₹ 10 |
| Number of Shares | 1,17,37,523 shares |
| Issue size | ₹ 635 Cr |
| Date of Allotment | 21st November, 2022 |
| Initiation of Refund | 22nd November, 2022 |
| Credit of shares | 234d November, 2022 |
| Date of Listing | 24th November, 2022 |
| Mandate end date | 29th November, 2022 |
| Anchor Investors Lock-in End Date | 16th December, 2022 |
How do I apply for Keystone Realtors Limited IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept 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 on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website.