Keystone operates under the well-known real estate brand, Rustomjee. The company is focused on the Mumbai market. It has completed 32 real estate development projects till now. 12 projects are ongoing. 21 projects are in future pipeline. The company has been profitable in each of the past three years. Its Return on Equity (ROE) stood at 5.14% in 2020; 38.77% in 2021; and 14.97% in 2022.
The IPO of Keystone Realtors will open on November 14th. It will close on November 16th. The issue size is of Rs 635 crore. Price band has been set at Rs 514 – 541 per share. Minimum bid lot size is of 27 shares. Investors can apply in lots of 27 shares each. The amount that the company intends to raise through the IPO has been reduced from Rs 850 crore to Rs 635 crore.
Keystone operates under the well-known real estate brand, Rustomjee. The company is focused on the Mumbai market. It has completed 32 real estate development projects till now. 12 projects are ongoing. 21 projects are in future pipeline. The company has been profitable in each of the past three years. Its Return on Equity (ROE) stood at 5.14% in 2020; 38.77% in 2021; and 14.97% in 2022.
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