Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Keystone RealtorsRustomjeeInstitutional InvestorsQuant Mutual FundSbi Life InsuranceReal EstateMumbai Metropolitan RegionReal Estate MumbaiMay 28, 2024
The Qualified Institutional Placement (QIP) issue was opened on May 22 and closed on May 27, 2024. The investors who participated in the QIP include Quant Mutual Fund - Quant Small Cap Fund, SBI Life Insurance Company Ltd, Birla Sun Life Insurance Company Ltd, Ananta Capital Ventures Fund, SBI General Insurance Company Ltd, and ICICI Prudential Life Insurance Company Ltd.
Recently, Keystone Realtors reported a 60 per cent fall in consolidated net profit to Rs 30.68 crore for the March 2024 quarter. The company's net profit stood at Rs 76.59 crore in the year-ago period. Total income rose to Rs 826.15 crore in the fourth quarter of the last fiscal from Rs 357.63 crore in the corresponding period of the previous year.
During the 2023-24 fiscal, the company's net profit rose to Rs 112.21 crore over Rs 81.95 crore in the preceding year. Total income grew to Rs 2,275.63 crore in the last fiscal compared to Rs 724.90 crore in the 2022-23 fiscal.
Keystone Realtors is a prominent player in the Mumbai Metropolitan Region (MMR) and is known for developing luxury housing projects. The company is also involved in the redevelopment of housing societies.
Keystone Realtors Ltd is a Mumbai-based real estate developer that has been in the business for over two decades. The company has a strong presence in the Mumbai Metropolitan Region (MMR) and has developed several luxury housing projects.
Keystone Realtors Ltd is a leading real estate developer that has been in the business for over two decades. The company has a strong presence in the Mumbai Metropolitan Region (MMR) and has developed several luxury housing projects.
Frequently Asked Questions
How much did Keystone Realtors raise from institutional investors?
Rs 800 crore
What is the issue price of the equity shares?
Rs 660 per share
Who participated in the Qualified Institutional Placement (QIP)?
Quant Mutual Fund SBI Life Insurance Company Ltd Birla Sun Life Insurance Company Ltd Ananta Capital Ventures Fund SBI General Insurance Company Ltd and ICICI Prudential Life Insurance Company Ltd
What is Keystone Realtors' net profit for the March 2024 quarter?
Rs 30 68 crore
What is Keystone Realtors' total income for the 2023-24 fiscal?
Rs 2 275 63 crore
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