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Rustomjee Group co Keystone Realtors plans Rs.1,000-cr IPO

Economic Times  

Rustomjee group company Keystone Realtors is likely to file a draft red herring prospectus (DRHP) with the capital markets regulator Sebi soon for an initial public offering (IPO) of around INR 1,000 crore. The company has recently raised INR 170 crore through pre-IPO placement. The Rustomjee Group reported sales of INR 2,680 crore during FY22. The group has a development portfolio of 20 million sq ft of completed projects, 9.2 million sq ft of ongoing development, and 16.4 million square feet of planned development across the Mumbai Metropolitan Region.