Synopsis
Usually, analysts value the real estate companies by discounting the future cash flows. However, due to lack of availability of data for that, the company can be valued on price-earnings (P/E) multiple. On FY22 earnings, the company demands a P/E of 45 times. Oberoi Realty, Macrotech and Godrej are at 31, 36 and 102 times.
IPO Dates: Nov 14-16, 2022
IPO Price: Rs 514 -Rs 541
IPO Size: Rs 635 crore
Asked market cap: Up to Rs 6,161 crore
Lot size size: 27 shares
Face value: Rs 10
Retail portion: 35% of the offer
Keystone Realtors, which sells properties under the brand ‘Rustomjee’ plans to raise Rs 635 crore in the primary market to reduce its debt and general corporate purposes. Of this Rs 75 crore will be towards an offer for sale. After the IPO, the
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