Keystone Realtors IPO: GMP, Price, Date & Subscription Status

Keystone Realtors IPO is live now, here is the GMP, price, listing date, and subscription status of the Keystone Realtors IPO. Curious about buying the Rustomjee IPO? Let us help you with it.

by Sahil_Jain Updated: 21 Nov, 2022, 07:36 IST
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Keystone Realtors Ltd. is a Mumbai-based real estate company that is popularly known as Rustomjee. The same real estate company, KRL has not put out its IPO in the stock market and you can apply for it between a price range of ₹514 to ₹541 per share. The bid started today on the 14th of November and will continue until Wednesday, the 16th of November. This article will talk about the GMP of Keystone Realtors IPO, its subscription status, and everything else you need to know.

Keystone Realtors IPO GMP

IPO or Initial Public Offering is nothing but a company’s way of asking people to invest in its business while sharing its profits and losses too. When a company, like Keystone Realtors also known as Rustomjee, gets listed in the stock market, it has to issue its IPO which is to be purchased by the general public. This gives a part of the ownership of the company to the buyers while the company gets money to carry out its business transactions.

Now that you know what an IPO is, it’s better to know more about the currently live IPO of Keystone Realtors Limited, right?

Keystone Realtors IPO All Details and Full Review 

Keystone Realtors Ltd IPO is now live and you can use your Demat account to subscribe to this IPO. But before applying for a company’s IPO, there are certain factors you should consider looking at. Things like GMP (Grey Market Premium), price, date, subscription, and other financials can prove to be vital when making any trade-related decisions during IPO issues. So, we have talked about all such important things right below:

Keystone Realtors IPO GMP Today (Grey Market Premium)

The current GMP of the Keystone Realtors IPO is ₹5. Generally, a higher GMP is considered better according to the market sentiments. So this lower GMP of ₹5 for the Rustomejee IPO would probably hit hard when the shares of this real estate company get listed in the stock markets, probably on the 24th of November. Fingers crossed, let's hope for the best.

When buyers bid for an IPO at high prices, its GMP is said to be higher while things are exactly the opposite when buyers bid at lesser amounts for the same IPO. So a higher GMP indicates a better earning opportunity if you are looking for an IPO to invest in. IPOs with high GMP are likely to open at higher prices than their bid prices.  

Keystone Realtors IPO Price and Bidding Date

The Keystone Realtors IPO went live today just when the stock market opened and it has a price range of Rs 514 to Rs 541. So buyers can place their bids anywhere between Rs 514 to Rs 541, where the minimum investment is Rs 13,878.

The number of shares that each lot contains is 27. So if you can manage to get one lot of the Keystone Realtors IPO, you will get 27 shares of the company.

Keystone Realtors IPO Issue Size

A company, while getting listed in the stock market, solely focuses on getting the highest possible sum of money to carry out its business activities. With the same goal in mind, Keystone Realtors or Rustomjee’s IPO issue size is ₹635 crores.

Breaking up this amount, you would see that the real estate company has issued fresh shares of ₹560 crores while its promoters have put in an Offer for Sale or OFS worth ₹75 crores.

Keystone Realtors or Rustomjee’s Future Plans, Debts, and Projects

Keystone Realtors Ltd’s first priority while issuing its IPO is to pay its debts worth ₹341.6 crores. So when we deduct the amount from its issue size of ₹635 crores, Rustomjee plans on using the balance amount for its future projects.

Keystone Realtors IPO Listing Date

The listing date for Keystone Realtor’s IPO is expected to be around the 24th of November, 2022. Once listed, all the buyers who would be lucky enough to get their ordered shares would be able to see their holdings in their portfolios.

If you have applied for the IPO and did not get the shares, don’t worry. When you apply for an IPO, the required amount is blocked in your account, rather than getting debited. So if you do not get an IPO, the same amount will be unblocked and you will be able to use it without any problems. 

Keystone Realtors IPO Full Details

Keystone Realtors IPO Subscription Status Today

Although the Keystone Realtors IPO saw a slow start with just 0.43 times subscription on the 16th of November, the IPO issue now shows a good sign. As of today, the Keystone Realtors IPO is subscribed 2.01 times its issue size. It is quite a big number which may be a good sign too. Of the total subscription rate of 2.01 times, 0.53 belongs to the retail category itself.

Rustomjee IPO Allotment Today!

The IPO of Keystone Realtors Ltd. closed on the 17th of November and its allotment date was fixed to be the 21st of November. So, all those investors who were lucky enough will get the shares of Rustomjee. If any investor has not been allotted any IPO lot, their invested amount would be unblocked or say, refunded to them on November 22.

Once the allotment status is confirmed, Keystone Realtors' shares would be credited to the Demat account of the investors who were allotted the IPO lots. So if you are one of those investors, make sure to check your e-mail and SMS to not miss any updates on your portfolio.

Keystone Realtors: More Details about the Real Estate Company

Keystone Realtors Ltd was founded in 1995 and its current chairman and managing director is Mr. Boman Irani. Till now, the company has completed many real estate projects under the brand name ‘Rustomjee’, the same name that everyone knows of. The company has completed more than 30 projects in Mumbai that include affordable housing projects, super premium ones, and others between both these categories.

Talking about its current capital, Keystone Realtors has an authorized capital of around Rs 23,600 Lakhs and a paid-up capital of around Rs 10,355 Lakhs.

To know more about the current conditions and financials of the company, we recommend you go through the Keystone Realtors IPO Public Announcement.

Keystone Realtors IPO: Should You Buy it or Not?

Your final buying decision should never be influenced by what others have to say, but rather by your own research and understanding of a company and its performance in the long run. Thus, we would suggest you get a thorough understanding of Keystone Realtor’s financial conditions, the current market trends, and the IPO price to determine whether you should apply for the Keystone Realtors IPO or not.

How to Apply for Keystone Realtors IPO?

Applying for an IPO is the easiest thing that needs no effort at all. If you already have a Demat account, you may not even need any instructions. For those who do not have a Demat account, you can use stock trading apps like Zerodha and Upstox to open a Demat account within a few minutes. We would recommend you download the Paytm Money App to start your trading journey.

But if you prefer other apps like Zerodha and Upstox, we have some discount coupons and offers for you to get benefited from: 

Once done, do let us know whether the Keystone Realtors IPO is worth buying or not. This is everything you need to know about this latest IPO in the Indian stock market. Do let us know if you would like to apply for this IPO in the comments section below. Please make sure to state your reasons too as this will help us all learn new things and help us grow as a community too.

Last Updated: 21st November 2022


15 Comments  |  
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Deal Subedar Deal Subedar

:) just see below, who is smart?

Screenshot20221114-153808Brave

Deal Subedar Deal Subedar

Yes, I saw the exact comment on chittorgarh when it was first posted.

But my question is: If Amit is part of audit team, he can't invest himself too according to rules (insider info already at hand), right?

Hunk Hunk
agnivo007 wrote:

Yes, I saw the exact comment on chittorgarh when it was first posted.

But my question is: If Amit is part of audit team, he can't invest himself too according to rules (insider info already at hand), right?

Right 

Deal Subedar Deal Subedar
Admin
agnivo007 wrote:

Yes, I saw the exact comment on chittorgarh when it was first posted.

But my question is: If Amit is part of audit team, he can't invest himself too according to rules (insider info already at hand), right?

Yes, he can't.
Hunk Hunk

So far the scene is a bit dim. We can anticipate more action tomorrow. Honestly I am not feeling that well about this IPO. But we will see. 🙂🙂🙂

Deal Subedar Deal Subedar
Admin
bikidas2060 wrote:

So far the scene is a bit dim. We can anticipate more action tomorrow. Honestly I am not feeling that well about this IPO. But we will see. 🙂🙂🙂

Even I think that this IPO may not perform so well. Although it has created a buzz in the market, people are not so interested in buying this IPO for some reason. Let's see what happens next.
Deal Subedar Deal Subedar

Applied 2 retail lots, let's see if this turns out different than people think...

Deal Cadet Deal Cadet
what is the best app or site which reliable info about ipos? only want to invest based on last day subscription...
Deal Subedar Deal Subedar
Admin
job4ram wrote:
what is the best app or site which reliable info about ipos? only want to invest based on last day subscription...
For investment-related info, your stock broker app is the most reliable source. And here, we have mentioned a few broker apps such as Paytm One, Zerodha, and Upstox.
So you may use any of these apps to create a trading account and get relevant information too.
As for more investment and IPO-related news and stuff, you may check out our IPO Group, Stock Market Group, and Finance Group for everything related to Finance.
Deal Cadet Deal Cadet
Expand
Sahil_Jain wrote:
For investment-related info, your stock broker app is the most reliable source. And here, we have mentioned a few broker apps such as Paytm One, Zerodha, and Upstox.
So you may use any of these apps to create a trading account and get relevant information too.
As for more investment and IPO-related news and stuff, you may check out our IPO Group, Stock Market Group, and Finance Group for everything related to Finance.
I want an exclusive app only for ipos and it's status. we generally invest based on the demand on the last date. So, if any such app, kindly mention. I have been using mstock for trading, I am more of a ipo guy and less of trading or investment guy.
Deal Subedar Deal Subedar
Admin
Expand
job4ram wrote:
I want an exclusive app only for ipos and it's status. we generally invest based on the demand on the last date. So, if any such app, kindly mention. I have been using mstock for trading, I am more of a ipo guy and less of trading or investment guy.
Then I would suggest you use Investorzone. This site has almost every trendy info about the stock market and a dedicated section solely for IPOs. I would say this is your one-stop-shop for all IPO-related doubts, and learning sources. As far as I know, the site even has an app that can be used for the same purposes. 
I hope this helps.
Deal Subedar Deal Subedar

Allotment results tomorrow... confirmed allotment for retail.

Deal Subedar Deal Subedar
Admin
agnivo007 wrote:

Allotment results tomorrow... confirmed allotment for retail.

Do you mean confirmed allotment for all retail investors?
Deal Subedar Deal Subedar
Admin
gauravnandwanii wrote:

IMG20221123203724
The shares got listed at a premium of 3%.
Let's hope that your investment brings you more stable profits with time. If possible, please let us know if there are any big changes in the shares, this may help our community a lot.
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