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.

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

₹ 607.1

Current Return

12.22%

Company Financials

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

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 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 754.51 851.36 328.06 1010.45 550.63
Total Expenditure 704.34 741.96 256.65 950.48 564.06
Operating Profit 50.17 109.4 71.41 59.97 -13.43
Other Income 45.41 74.71 88.35 140.73 205.12
Interest 66.25 24.65 9.48 48.81 50.74
Depreciation 1.72 3.38 4.31 6.8 12.27
Exceptional Items 0 0 0 0 0
Profit Before Tax 27.61 156.08 145.97 145.09 128.68
Provision for Tax 25.39 36.02 36.74 33.59 35.23
Net Profit 2.22 120.06 109.23 111.5 93.45
Adjusted EPS (Rs.) 89.52 1.2 0.96 0.98 0.74

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 100.03 100.03 113.88 113.89 126.03
Total Reserves 349.29 608.19 1401.27 1523.46 2407.51
Borrowings 0.53 59.19 0.73 523.1 197.51
Other N/C liabilities -67.53 171.81 159.28 182.1 226.03
Current liabilities 1911.88 1606.9 1663.16 1122.81 1122.75
Total Liabilities 2294.2 2546.12 3338.32 3465.36 4079.83
Assets
Net Block 20.81 23.11 28.87 40.12 57.07
Capital WIP 0.19 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 214.98 546.72 583.66 416.56 468.24
Loans & Advances 8.32 118.79 119.06 152.92 177.4
Other N/C Assets 14.59 26.25 20.14 12.83 12.12
Current Assets 2035.31 1831.25 2586.59 2842.93 3365
Total Assets 2294.2 2546.12 3338.32 3465.36 4079.83
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Other Income 43.18 53.93 45.99 62.02 53.57
Profit Before Tax 31.79 18.39 2.42 76.28 11.95
Tax 8.34 4.79 0.77 21.33 -1.65
Profit After Tax 23.45 13.6 1.65 54.95 13.6
Adjusted EPS (Rs) 1.86 1.08 0.13 4.36 1.08

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2025 78.34 0
Mar 2025 78.35 0
Dec 2024 78.35 0
Sep 2024 78.35 0
Jun 2024 78.36 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 27.61 156.08 145.97 145.09 128.68
Adjustment 91.33 10.01 -11.18 -63.03 -92.15
Changes in Assets & Liabilities 3.05 -133.96 4.78 181.3 -181.82
Tax Paid -19.27 -17.59 -44.24 -35.02 -31.87
Operating Cash Flow 102.72 14.54 95.33 228.34 -177.16
Investing Cash Flow -33.18 -108.21 -90.5 -839.78 133.17
Financing Cash Flow -58.87 1.77 274.84 429.38 336.12
Net Cash Flow 10.67 -91.9 279.67 -182.06 292.13
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