January 27, 2023 Friday, 14:16 Hrs
 Home |   IFCI Group  |   About Us  |   Our Network  |   Contact Us  |   Career  |   Employee
SENSEX  59,066.49  -1138.57 
BSE
Home   Equity   News   IPO News  
Detailed News
Back
Keystone Realtors IPO subscribed 2.01 times
16-Nov-22   17:40 Hrs IST

The initial public offer (IPO) of Keystone Realtors received bids for 1,73,72,367 shares as against 86,47,858 shares on offer, according to stock exchange data at 17:36 IST on Wednesday (16 November 2022). The issue was subscribed 2.01 times.

The issue opened for bidding on Monday (14 November 2022) and it will close on Wednesday (16 November 2022). The price band of the IPO is fixed at Rs 514-541 per share. An investor can bid for a minimum of 27 equity shares and in multiples thereof.

The offer comprises fresh issue as well as offer for sales (OFS). Fresh issue comprises issue of equity share aggregating upto Rs 560 crore. The OFS comprises sale of equity shares aggregating upto Rs 75 crore [Rs 37.5 crore by Bomon Rustom Irani, Rs 18.75 crore by Percy Sorabji Chowdhry and Rs 18.75 crore by Chandresh Dinesh Mehta all promoter selling share holders].

On post issue expanded equity the holding of promoter selling shareholders will decline to 87.68% from 93.82% pre issue equity capital.

Of the net proceeds of fresh issue, the company plans to utilize Rs 341.6 crore towards repayment and prepayment, in full or part, of certain borrowings availed by the company and subsidiaries and balance amount will be utilized to fund acquisition of future real estate projects and general corporate purposes. Total financial indebtedness stood at Rs 1521.79 crore as on 15 October 2022.

Ahead of the IPO, Keystone Realtors on Friday, 11 November 2022, raised Rs 190.49 crore from anchor investors. The board allotted 35,21,255 shares at Rs 541 per share to 16 anchor investors.

Keystone Realtors is one of the prominent real estate developers in Mumbai Metropolitan Region (MMR). As of 30 June 2022, the company had developed 20.22 million square feet (msf) area including infrastructure spread across 32 projects or 280 building and home to over 14,000 families. The company has 12 ongoing projects and 21 forthcoming projects across the MMR which includes a comprehensive range of projects under the affordable, mid and mass, aspirational, premium and super premium categories, all under the Rustomjee brand.

The company reported a net profit of Rs 4.97 crore and net sales of Rs 168.56 crore in three months ended on 30 June 2022.

Powered by Capital Market - Live News

BSE
Enter Stock for
Company details
   Attention Investors : We would like to inform the investor to be rid of investment tips to invest with them in their bogus firms by promising huge profits, we never share the customer information like Mobile number, email ID etc., with any of the outside companies. We sensitize the customers to be aware of fraudsters and ignore any technical tips received from the unknown contacts. IFIN/ICOM will not be responsible for any bogus messages received by you.Please do NOT disclose your User ID and/or Passwords to any persons, even IFIN/ICOM staff never ask you to share the same. IFIN/ICOM is neither liable for any loss arising from your sharing of your password with anyone, Nor from its consequent unauthorized use. Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile / email at the end of the day .... Issued in the interest of Investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Please update your annual income details immediately. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary    Eq : Rights & Obligations in 15 regional vernacular languages    Commodity : Rights & Obligations in 15 regional vernacular languages, Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile / email at the end of the day .... Issued in the interest of Investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account, “Link your aadhaar number with your trading / Demat account. “ Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1,2020.     |  |    Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.     |  |    Pay 20% upfront margin of the transaction value to trade in cash market segment.     |  |    Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.     |  |    Check your Securities/MF/Bonds in the consolidated account statement issued by NSDL/CDSL every month.     |  |    .......... Issued in the interest of Investors. All our clients are requested to link their PAN with Aadhaar.     |  |    AADHAAR AND PAN LINK - CHECK STATUS - Click Here     |  |    AADHAAR AND PAN LINK – UPDATE STATUS - Click Here  
Full View