How to check the Keystone Realtors IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Keystone Realtors IPO.
The Keystone Realtors IPO’s closing date is 16 November 2022. The Keystone Realtors IPO’s allotment date has been set five days later, on 21 November 2022.
Here’s a step-by-step guide on how to check the Keystone Realtors IPO allotment status:
About Keystone Realtors IPO
After the pandemic, real estate sales in Mumbai soared due to a combination of low-interest rates on loans and pent-up demand. Now, this momentum continues to grow with each passing quarter. Between July and September, real estate sales surged 80% on a year-on-year basis. Against this backdrop of booming real estate space, Keystone Realtors is looking to raise money through the IPO route.
The prominent real estate developer plans to raise ₹560 crore through a fresh issue of Keystone Realtors ltd IPO. The money will be used to fund future real estate projects and repay debt.
Since its inception in 1995, the Mumbai-centric real estate player has developed 20.2 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. The real estate player develops properties under the Rustomjee brand name.
It commanded a market share of 28% in Khar, 23% market in Juhu, 11% in Bandra East, 14% in Virar, 3% in Thane and 5% in Bhandup between 2017 and 2021. Also, it has a robust pipeline of 12 ongoing projects and 21 forthcoming projects across the Mumbai Metropolitan Region (MMR).
So, here’s a look a the key details about the Keystone Realtors IPO:
Here’s a quick look at Keystone Realtors IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Keystone Realtors IPO details
| Keystone Realtors IPO date
The offer document filed by the company with the SEBI mentions that the Keystone Realtors IPO’s opening date – in other words, the Keystone Realtors IPO launch date – will be on 14 November 2022. The Keystone Realtors IPO closing date is 16 November 2022. After this, investors will be updated about the allotment status on 21 November 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 23 November 2022. The Keystone Realtors IPO listing date is 24 November 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Keystone Realtors IPO Price Band
The entire IPO is a book-built issue. The Keystone Realtors IPO price band has been set between ₹514 and ₹541 per share. Interested investors can choose a price within this band to apply for the IPO.
The Keystone Realtors IPO listing price will be determined on 24 November 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Keystone Realtors IPO Lot size
The Keystone Realtors IPO details have been declared. The Keystone Realtors IPO lot size is set at 27 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 27 lots (351 shares). Meanwhile, the Keystone Realtors IPO issue size is ₹635 crore.
How to pre-apply for the Keystone Realtors IPO?
You can pre-apply for the Keystone Realtors IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the Keystone Realtors IPO?
If you are interested in this investment opportunity but unsure how to apply for the Keystone Realtors IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Keystone Realtors IPO on Upstox:
Open a demat account with Upstox to apply for the Keystone Realtors IPO
To apply for the Keystone Realtors IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Keystone Realtors IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Keystone Realtors IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Keystone Realtors IPO means applying for this public issue before it goes live. Click here to pre-apply for the Keystone Realtors IPO on Upstox.
You can pre-apply for the Keystone Realtors IPO from 13 November 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Click here to apply for the Keystone Realtors IPO on Upstox. You can also download our app and apply for the IPO.
The Keystone Realtors IPO launch date is 14 November 2022. The Keystone Realtors IPO will be open for subscription till 16 November 2022.
The Keystone Realtors lot size is 27 shares and the minimum investment required is ₹13,878.
The Keystone Realtors IPO price band is ₹514-₹541 per share.
The size of the Keystone Realtors IPO is ₹635 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 23 November 2022.
Shares of Keystone Realtors will list on BSE and NSE.
Keystone Realtors shares’ listing date is 24 November 2022.