Keystone Realtors IPO with an issue size of Rs 635 Crore shows restrained response today. The offer is subscribed only 6% on the day one with 5,82,309 total bids received against 86,47,858 bids offered at 4.00 PM, as per BSE Data.
The company is selling its shares at a issue price of Rs 514-541 per share between November 14-16, with a lot size of 27 equity shares. The issue comprises of fresh equity shares worth Rs 560 and an offer-for-sale (OFS) of Rs 75 crore.
As of March 31, 2022, the real estate developer had 32 completed projects, 12 ongoing projects and 19 forthcoming projects across the Mumbai Metropolitan Region (MMR).
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