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Keystone Realtors IPO closes with 3% gain

#Taxation & Finance News
Last Updated : 29th Nov, 2022
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Synopsis

Keystone Realtors Ltd (KRL), which sells properties under the brand 'Rustomjee’, launched its initial public offering (IPO) on November 14, 2022, allowing investors to subscribe till November 16, 2022. Trading of its shares closed last week with average 3 per cent gain against its issue price of Rs 541. The stock was listed on the BSE and NSE at Rs 555 and finally settled at Rs 556.85 on the NSE indicating a 2.9 percent hike and at Rs 557.80 indicating a 3.11 per cent hike on the BSE. The company traded 4.16 lac shares on the BSE and 58.63 on the NSE.

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Keystone Realtors Ltd (KRL), which sells properties under the brand 'Rustomjee’, launched its initial public offering (IPO) on November 14, 2022, allowing investors to subscribe till November 16, 2022. The shares had a fixed a price band of INR 514-54/- a share. The company raised Rs 630 crores via its public issue, including a fresh issue of Rs 540 crore rupees.




Trading of its shares closed last week with average 3 per cent gain against its issue price of Rs 541. The stock was listed on the BSE and NSE at Rs 555 and finally settled at Rs 556.85 on the NSE indicating a 2.9 percent hike and at Rs 557.80 indicating a 3.11 per cent hike on the BSE. The company traded 4.16 lac shares on the BSE and 58.63 on the NSE.



Founded in 1995, the company has completed over 32 projects, and currently has 12 ongoing projects and 19 forthcoming coming projects across the Mumbai Metropolitan Region (MMR), that includes a comprehensive range of projects under the affordable, mid, and mass, aspirational, premium, and super premium categories, all under their Rustomjee brand.
Next (RBI reports 3.1% rise in India�s housing prices with Kolkata in the lead)

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