Keystone Realtors Limited, a well-known real estate developer, was incorporated in 1995. The company specializes in real estate development, construction, and other related businesses in India.
For every phase of the property development life cycle, the company has adopted an integrated real estate development model, starting with business development, which entails the identification of land parcels and the conceptualization of the development, and ending with execution, which includes planning, designing, and supervising the construction activities as well as marketing and sales.
As part of its business strategy, the company is engaging in slum rehabilitation projects, joint development agreements, and redevelopment agreements with landowners, developers, and societies. These projects require less initial capital outlay than buying a land parcel outright.
In the Mumbai Metropolitan Region (MMR), the company had 32 completed projects as of June 30, 2022, 12 ongoing projects, and 21 upcoming projects. These projects span a wide range of price points and fall into the affordable, mid- and mass-market, aspirational, premium, and super-premium categories, all under the Rustomjee brand.
By June 30, 2022, Keystone Realtors will have built high-quality and reasonably priced residential structures, exclusive gated estates, townships, corporate parks, retail locations, educational facilities, recognizable landmarks, and various other real estate projects totaling 20.22 million square feet. Further, the company has constructed over 280 structures, including homes for more than 14,000 families as of June 30, 2022,
Facts about the Company
The company remarkably completed the construction of 280 structures
It had a net profit of ₹4.22 crore for the first quarter of FY23 on revenue of ₹ 16.00 crores.
A market cap of ₹6160.77 cr. is what the company is aiming for based on the upper cap of the IPO pricing.
Important Points to note before investing in the IPO
It is a well-known real estate company with the "Rustomjee" name, and it has consistently reported inconsistent top and bottom line results during the financial periods covered by the reports.
The issuer's financial information indicates that it is fully priced.
Well-informed cash surplus investors may park capital for long-term gains
It investigates around 35 million square feet of saleable area at various locations in and around Mumbai.
Objective of the IPO
The company’s main objectives are inclusive of-
Repayment/ prepayment of certain borrowings availed by the Company and/or Subsidiaries.
Funding acquisition of future real estate projects and general corporate purposes.
Allotment, Listing & Refund Details
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