Keystone Realtors Rustomjee IPO: Mumbai’s real estate company Keystone Realtors is coming up with Initial Public Offering (IPO). The company has set a target of raising Rs 635 crore from the IPO. New shares worth Rs 560 crore will be issued under the IPO and its promoters are coming up with an offer for sale (OFS) of up to Rs 75 crore. A price band of Rs 514-541 per share has been fixed for the IPO. The IPO will open on 14 November and close on 16 November. Keystone Realtors has already raised Rs 190 crore from anchor investors.
what the company has to say
Boman Rustom Irani, Chairman and Managing Director, Keystone Realtors Limited, which sells properties under the ‘Rustomjee’ brand, said, “I am positive that the public will appreciate our achievements and will appreciate them for a long time.” We will give excellent returns.
This is the business of the company
Established in the year 1995, Keystone Realtors has 32 completed projects, 12 under construction projects and 19 upcoming projects in Mumbai Metropolitan Region (MMR). In the June 2022 quarter, the company has registered a profit of Rs 4.22 crore with a revenue of Rs 168.5 crore. Keystone Realtors has developed over 20 million square feet of high-value and affordable residential buildings, premium estates, townships, corporate parks, retail spaces, schools, prestigious landmarks and various other real estate projects.
What is company profile
Keystone Realtors is one of the leading Real Estate Developers. It has presence in Juhu, Bandra East, Khar, Bhandup, Virar and Thane. The company is offering a wide range of homes under affordable, medium and large scale, premium and super premium. All these ranges are under its Rustomjee brand.