Keystone Realtors IPO Listing Price NSE, BSE: Positive stock market debut, check stop loss by Anil Singhvi | Keystone Share Price
Keystone Realtors IPO Listing Date, Time, Keystone Realtors IPO Listing Price NSE, BSE: The companys initial public offering (IPO) got bids for 1,73,72,367 shares against 86,47,858 shares on offer.
Keystone Realtors IPO Listing Date, Time, Keystone Realtors IPO Listing Price NSE, BSE: Keystone Realtors, known for building premium residences under the brand 'Rustomjee', made its market debut today at a premium of 2.59 per cent as compared to its issue price of Rs 541. Keystone Realtors' stock is listed at Rs 555 on the NSE and BSE. According to Zee Business Managing Editor Anil Singhvi, short-term investors must keep a stop loss at Rs 525. The company's initial public offering (IPO) got bids for 1,73,72,367 shares against 86,47,858 shares on offer. The IPO had a fresh issue of up to Rs 560 crore and an offer for sale of up to Rs 75 crore.
Latest Updates
Keystone Realtors IPO Listing Price NSE, BSE
Qualified institutional buyers bought shares 3.84 times the allotted quota and high networth individuals three times their share, but retail investors stayed tepid to the issue, bidding for just 53 percent of the portion set aside for them.
Keystone Realtors IPO Listing Price NSE, BSE
Shares of Keystone Realtors list at a premium of Rs 14 on the NSE. The issue price of Keystone Realtors was Rs 541.
Keystone Realtors IPO Listing Price NSE, BSE
Keystone Realtors said it has collected a little over Rs 190 crore from anchor investors.
Keystone Realtors IPO Listing Price NSE, BSE
Anand Rathi Advisors, IIFL Securities and JM Financial were the book-running lead managers to the issue.
Keystone Realtors IPO Listing Price NSE, BSE
The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore, with no offer for sale component.
Keystone Realtors IPO Listing Price NSE, BSE
Share of Keystone Realtors will be listed on both exchanges –BSE and NSE. The special pre-open session will be at 9:45 am
Keystone Realtors IPO Listing Price NSE, BSE
The realty firm has developed 20.05 million square feet of high-value and affordable residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks and various other real estate projects as of March 2022.
Keystone Realtors IPO Listing Price NSE, BSE
Founded in 1995, Keystone Realtors has 32 completed projects, and has 12 ongoing projects and 19 forthcoming 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 Rustomjee brand.
Keystone Realtors IPO Listing Price NSE, BSE
The company intends to utilise the net proceeds towards funding the repayment/prepayment of borrowings to the tune of Rs 341.6 crore as well as towards funding the acquisition of future real estate projects and general corporate purposes.
Keystone Realtors IPO Listing Price NSE, BSE: Anil Singhvi's view for long-term investors
Zee Business Managing Editor Anil Singhvi said that long-term investors can hold shares. However, he asserted that short-term investors were not advised to subscribe to the IPO.
Keystone Realtors IPO Listing Price NSE, BSE: Stop Loss By Anil Singhvi
Zee Business Managing Editor Anil Singhvi said that short-term investors can keep a stop loss of Rs 525.
Keystone Realtors IPO Listing Price NSE, BSE
According to Zee Business Managing Editor Anil Singhvi, the shares of Keystone Realtors can list at a premium of Rs 10-15.
Keystone Realtors IPO Listing Price NSE, BSE: Gets bids for 1,73,72,367 shares
The company's Initial Public Offering (IPO) got bids for 1,73,72,367 shares against 86,47,858 shares on offer, according to an update on the NSE.
Keystone Realtors IPO Listing Price NSE, BSE: IPO received 2 times subscription
The initial public offering of Keystone Realtors, which sells properties under the brand 'Rustomjee', received 2 times subscriptions on the last day of offer.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.