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IPO

Keystone Realtors Ltd

The company is one of the prominent real estate developers in the micro markets that it is present in. It has experience in developing lifestyle projects, high value standalone buildings, gated communities and fully integrated townships, re-developments and stalled projects.

RHP
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DRHP
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Open Date

2022-11-14

Close Date

2022-11-16

IPO Details

Check out the issue details for Keystone Realtors Ltd IPO as disclosed in SEBI.

IPO Price

₹ 541

Price Band

₹ 514 - 541

Issue Size

635 Cr.

Issue Type

Book Built

Open

2022-11-14

Close

2022-11-16

Listingprice

₹ 555

ListingGain

2.59%

Listing Date

2022-11-24

CMP

₹ 491.9

Current Return

-9.08%

Company Financials

You can get the following financial statements of Keystone Realtors Ltd as of now.

Subscription Details

The details about the Keystone Realtors Ltd IPO is as:

  • The issue size of the IPO is 635 Cr.
  • The price band for Keystone Realtors Ltd IPO is Rs 514 to Rs 541.
  • The shares of Keystone Realtors Ltd IPO will list on 24rth November 2022.
  • The latest tentative GMP of Keystone Realtors Ltd IPO is Rs 5.
  • The shares of Keystone Realtors Ltd IPO is subscribed 2.01 Times as of 16th November 2022.

 

Keystone Realtors IPO Valuation

The approx valuation of Keystone Realtors Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 541
Existing Shares (Qty) 10.35 Cr
Fresh Issue (Amount) 560 Cr
Market Cap 6159.35 Cr
EPS (FY22) Rs 13.96
PE ratio 38.75x
Industry PE 96.97x

 

Keystone Realtors IPO Issue Size

Keystone Realtors Ltd IPO issue size is 635 Cr.

Issue Amount
Fresh Issue 560 Cr
Offer For Sale 75 Cr

 

Keystone Realtors IPO Market Lot

An Individual can apply for a minimum 1 lot of 27 shares and a maximum of 13 lots of 351 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 27 Rs 14,607
 Maximum 13 351 Rs 1,89,891

 

Keystone Realtors IPO Offer

The shares of Keystone Realtors Ltd IPO is subscribed 2.01 Times as of 16th November 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscribed
Qualified Institutional Maximum 50% 3.84 Times
Non-Institutional Minimum 15% 3.03 Times
Retail Individual Minimum 35% 0.53 Times
Total   2.01 Times

 

Allotment Details

Find below the dates for Keystone Realtors IPO:

Schedule Date
Basis of Allotment 21 November 2022
Refunds 22 November 2022
Credit to Demat Account 23 November 2022
IPO Listing Date 24 November 2022

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
Net Sales 247.37 257.52 351.5 602.1 754.51
Total Expenditure 195.48 248.48 339.78 564.96 710.67
Operating Profit 51.9 9.05 11.73 37.14 43.84
Other Income 26.24 72.42 67.75 122.82 105.44
Interest 88.38 89.81 74.01 124.04 119.95
Depreciation 2.33 3.81 3.09 2.74 1.72
Exceptional Items 0 0 0 0 0
Profit Before Tax -12.57 -12.14 2.38 33.18 27.61
Provision for Tax 0 10.97 0.09 23.98 25.39
Net Profit -12.57 -23.12 2.29 9.2 2.22
Adjusted EPS (Rs.) -583.14 -930.72 92.17 370.97 89.52

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
Equity and Liabilities
Share Capital 0.02 0.03 100.03 100.03 100.03
Total Reserves 406.51 383.18 285.46 347.62 349.29
Borrowings 0.09 0.09 0.09 0.05 0.53
Other N/C liabilities 1.22 2.17 3.25 -76.2 -67.53
Current liabilities 1181.21 1010.51 1197.98 1884.03 1911.88
Total Liabilities 1589.04 1395.98 1586.81 2255.53 2294.2
Assets
Net Block 21.44 18.01 32.17 20.06 20.81
Capital WIP 0 0 0 0.33 0.19
Intangible WIP 0 0 0 0 0
Investments 158.89 232.15 270.7 172.12 226.24
Loans & Advances 78.95 46.46 46.79 32.61 8.32
Other N/C Assets 0 0 1.45 21.85 3.33
Current Assets 1329.77 1099.38 1235.69 2008.56 2035.31
Total Assets 1589.04 1395.98 1586.81 2255.53 2294.2
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 86.7 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
Profit from operations -12.57 -12.14 2.38 33.18 27.61
Adjustment 90.34 42.94 37.37 75.67 91.33
Changes in Assets & Liabilities -131.61 144.18 232.27 60.76 3.05
Tax Paid -14.61 14.77 -10.4 -9.37 -19.27
Operating Cash Flow -68.46 189.74 261.62 160.24 102.72
Investing Cash Flow -98.46 126.39 -37.41 14.68 -33.18
Financing Cash Flow 164.53 -321.2 -206.95 -203.19 -58.87
Net Cash Flow -2.39 -5.06 17.26 -28.27 10.67
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