Keystone Realtors Ltd - IPO

Keystone Realtors Ltd IPO Details

Initial public offering of up to 11,737,521* equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 541 per equity share (including a share premium of Rs. 531 per equity share) (Offer Price) aggregating up to Rs. 635.00 crores (the Offer) comprising a fresh issue of up to 10,351,201* equity shares aggregating up to Rs. 560.00 crores by the company (Fresh Issue) and an offer for sale of up to 1,386,320* equity shares aggregating up to Rs. 75.00 crores comprising an offer for sale of up to 693,160* equity shares aggregating up to Rs. 37.50 crores by Boman Rustom Irani, up to 346,580* equity shares aggregating up to Rs. 18.75 crores by Percy Sorabji Chowdhry, and up to 346,580* equity shares aggregating up to Rs. 18.75 crores by Chandresh Dinesh Mehta (the Selling Shareholders and such offer, the Offer for Sale). The offer will constitute 10.31% of the post-offer paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the offer price is 54.10 times the face value of the equity shares.Bids can be made for a minimum of 27 equity shares in multiples of 27 equity shares thereafter.

Objective of issue

Repayment/prepayment, in full or part of certain borrowings availed by the company and or certain of the subsidiary. Funding acquisition of future real estate projects and general corporate purposes.

Keystone Realtors Ltd Contact Details

Keystone Realtors Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@rustomjee.com

Website - www.rustomjee.com