The real estate company that operates under the brand Rustomjee has bagged the project to redevelop Basant Park in Chembur
The Ward Ferry Management-operated fund, in total, has bought 67.75 lakh shares in PB Fintech, which is 1.5 percent of the total paid-up equity.
On its debut, Keystone Realtors traded with 4.16 lakh shares on the India's oldest stock exchange, and 58.63 lakh shares on the NSE.
As in the case of Macrotech Developers or Lodha Group, a subdued debut on the bourses by Rustomjee brand owner Keystone Realtors may belie longer-term outperformance, say analysts.
The company’s initial public offering had seen lacklustre response from investors as the offer was subscribed just 2.01 times during November 14-16
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Retail portions for four of the eight recent IPOs remained undersubscribed
Neither the grey market suggest any big listing premium for Keystone Realtors. Its shares traded with just half a percent to one percent premium in the unlisted market, analysts said.
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.
The operator of Mumbai-based real estate development brand Rustomjee aims to garner Rs 635 crore via public issue that comprises fresh issuance of shares worth Rs 560 crore and an offer for sale of Rs 75 crore by promoters.
The IPO got bids for 35,77,662 shares against 86,47,858 shares on offer
Keystone Realtors is going to raise Rs 635 crore via public issue that comprises a fresh issuance of shares worth Rs 560 crore and an offer for sale of Rs 75 crore by promoters.
The realtor is looking to raise Rs 635 crore through the IPO, which consists of a fresh issue of Rs 560 crore and an offer for sale of Rs 75 crore
For Q1FY23, the company’s consolidated revenue stood at Rs 168.5 crore and net profit came in Rs 4.22 crore
Hem Securities has come out with its report on Keystone Realtors. The research firm has recommended to “Long Term Subscribe” the ipo in its research report as on November 12, 2022.
Keystone Realtors has proposed to raise Rs 635 crore through the IPO, which consists of a fresh issue of equity shares aggregating up to Rs 560 crore and an Offer-For-Sale (OFS) worth Rs 75 crore by promoters.
Keystone Realtors will open its maiden public issue for subscription on November 14, with a price band of Rs 514 - Rs 541 per share.
The Mumbai-based real estate group owned company is planning to raise Rs 635 crore via public issue that comprises a fresh issuance of shares worth Rs 635 crore and an offer for sale of Rs 75 crore by selling shareholders.
The size of the IPO has been reduced as earlier the company had planned to raise Rs 850 crore.
The taxman's sleuths have hit a jackpot of sorts having pocketed more than Rs 1,700 crore in raid operations from India Inc in FY10-11. With three months left in the financial year, this amount has already exceeded last year's total kitty.