Shares of Keystone Realtors, which sells properties underneath model ‘Rustomjee’, ended over 3 per cent larger in its debut trade on Thursday towards the difficulty worth of Rs 541.
The stock listed at Rs 555, reflecting a achieve of two.58 per cent from the difficulty worth on the BSE. It additional rallied 5 per cent to Rs 568.25. Shares of the agency ended at Rs 557.80 apiece, larger by 3.10 per cent.
At the NSE additionally, it made its debut at Rs 555. It later ended at Rs 556.80, a achieve of two.92 per cent.
The firm commanded a market valuation of Rs 6,352.08 crore on the BSE.
In quantity phrases, 4.16 lakh shares of the agency have been traded on the BSE and over 58.63 lakh shares on the NSE through the day.
The preliminary public providing of Keystone Realtors obtained 2 instances subscription on the final day of the provide on November 16.
The IPO had a recent situation of as much as Rs 560 crore and an offer-for-sale of as much as Rs 75 crore.
Price vary for the IPO was at Rs 514-541 a share.
Founded in 1995, Keystone Realtors has 32 accomplished tasks, 12 ongoing tasks and 19 forthcoming tasks throughout the Mumbai Metropolitan Region (MMR) that features a complete vary of tasks underneath the inexpensive, mid and mass, aspirational, premium and tremendous premium classes, all underneath Rustomjee model.
The realty agency has developed 20.05 million sq. toes of high-value and inexpensive residential buildings, premium gated estates, townships, company parks, retail areas, colleges, iconic landmarks and numerous different real estate tasks as of March 2022.
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