Keystone Realtors is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets that it is present in. The company develops luxury projects which are environment friendly.
The Keystone Realtors IPO issue consists of fresh issue of Rs. 560 crore and offers for sale (OFS) of Rs. 75 crores.
The objective of Keystone Realtors IPO: The proceeds from the issue will be used in the following manner: • repay certain borrowings availed by the company and subsidiaries • funding acquisitions of future real estate projects • general corporate purposes
The Keystone Realtors issue opens on 14th November and closes on 16th November.
The Keystone Realtors IPO lot size is 27 shares per lot. A retail-individual investor can apply for up to 13 lots (351 shares or ₹189,891)
Keystone Realtors is promoted by Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta.
Axis Capital and Credit Suisse Securities (India) are the book running lead managers to the issue.