Keystone Realtors Ltd IPO

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

Keystone Realtors Ltd 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

₹ 685.75

Current Return

26.76%

Keystone Realtors Ltd News

Keystone Realtors informs about analyst meet20 Dec, 4:09PM Keystone Realtors informs about investor meeting 6 Dec, 1:03PM Keystone Realtors submits analyst meet intimation21 Nov, 5:56PM Keystone Realtors - Quaterly Results11 Nov, 1:17PM Keystone Realtors - Quaterly Results11 Nov, 1:17PM Keystone Realtors - Quaterly Results11 Nov, 1:17PM Keystone Realtors reports over 2- fold jump in sales bookings during Q2FY258 Oct, 5:11PM Keystone Realtors - Quaterly Results5 Aug, 1:39PM Keystone Realtors - Quaterly Results5 Aug, 1:39PM Keystone Realtors - Quaterly Results5 Aug, 1:39PM Keystone Realtors informs about execution of deed of conveyance11 Jul, 12:25PM Keystone Realtors forays into Plotted Development with first project in Kasara 11 Jul, 10:56AM Keystone Realtors informs about operational updates9 Jul, 11:38AM Keystone Realtors logs 22% growth in pre-sales in Q1FY259 Jul, 11:29AM Keystone Realtors informs about analyst meet17 Jun, 3:22PM Keystone Realtors informs about audited consolidated financial statements22 May, 12:45PM Keystone Realtors - Quaterly Results15 May, 2:10PM Keystone Realtors - Quaterly Results15 May, 2:10PM Keystone Realtors - Quaterly Results15 May, 2:10PM Keystone Realtors logs 78% growth in pre-sales in Q4FY248 Apr, 10:21AM

Company Financials

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

Company Name

Keystone Realtors Ltd

Exchange

NSE: RUSTOMJEE BSE: 543669

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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

 

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 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Net Sales 602.1 754.51 851.36 328.06 1010.45
Total Expenditure 549.74 704.34 741.96 256.65 967.52
Operating Profit 52.36 50.17 109.4 71.41 42.93
Other Income 43.35 45.41 74.71 88.35 140.73
Interest 59.79 66.25 24.65 9.48 31.64
Depreciation 2.74 1.72 3.38 4.31 6.8
Exceptional Items 0 0 0 0 0
Profit Before Tax 33.18 27.61 156.08 145.97 145.22
Provision for Tax 23.98 25.39 36.02 36.74 33.59
Net Profit 9.2 2.22 120.06 109.23 111.63
Adjusted EPS (Rs.) 370.97 89.52 1.2 0.96 0.98

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 100.03 100.03 100.03 113.88 113.89
Total Reserves 347.62 349.29 608.19 1401.27 1539.22
Borrowings 0.05 0.53 59.19 0.73 523.1
Other N/C liabilities -76.2 -67.53 171.81 159.28 182.1
Current liabilities 1884.03 1911.88 1606.9 1663.16 1101.89
Total Liabilities 2255.53 2294.2 2546.12 3338.32 3460.2
Assets
Net Block 20.06 20.81 23.11 28.87 40.12
Capital WIP 0.33 0.19 0 0 0
Intangible WIP 0 0 0 0 0
Investments 160.45 214.98 546.72 583.66 416.57
Loans & Advances 32.61 8.32 118.79 119.06 152.86
Other N/C Assets 33.52 14.59 26.25 20.14 12.83
Current Assets 2008.56 2035.31 1831.25 2586.59 2837.82
Total Assets 2255.53 2294.2 2546.12 3338.32 3460.2
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 23.74 34.85 48.96 43.18 53.93
Profit Before Tax 5.96 10.06 29.33 31.9 18.39
Tax 1.44 2.72 5.95 8.34 4.79
Profit After Tax 4.52 7.34 23.38 23.56 13.6
Adjusted EPS (Rs) 0.4 0.64 2.05 1.87 1.08

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 78.35 0
Jun 2024 78.36 0
Mar 2024 86.7 0
Dec 2023 86.7 0
Sep 2023 86.7 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Profit from operations 33.18 27.61 156.08 145.97 145.22
Adjustment 75.67 91.33 10.01 -11.18 -63.03
Changes in Assets & Liabilities 60.76 3.05 -133.96 4.78 181.3
Tax Paid -9.37 -19.27 -17.59 -44.24 -35.02
Operating Cash Flow 160.24 102.72 14.54 95.33 228.47
Investing Cash Flow 14.68 -33.18 -108.21 -90.5 -839.99
Financing Cash Flow -203.19 -58.87 1.77 274.84 429.38
Net Cash Flow -28.27 10.67 -91.9 279.67 -182.14
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