Keystone Realtors Shares Fall More than 6.30% as Promoters Announce ₹550 Floor Price in Offer-for-Sale

Mumbai, October 15, 2025 – The shares of Keystone Realtors Ltd (NSE: RUSTOMJEE) slumped by more than 6.30% on Wednesday. At 12:30 PM, the share traded at ₹573.85 (down by 6.30% from the previous day’s price). The lowest point during the day was ₹572.40, so far. The reason for the fall can be attributed to the announcement of the promoters to sell up to 3.63% stake in the company through an OFS (Offer for Sale) scheduled for October 15-16, 2025.

The floor price for the sale is ₹550 per share (representing a discount of 5.1% compared to Tuesday’s closing price). The promoters deciding to sell their stake include Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta.

The company, founded by the Rustomjee Group, is a real estate developer that engages in residential and commercial projects. The company’s operations and headquarters are based in Mumbai, and it has been listed on both NSE and BSE since November 2022. The company has a diversified portfolio with township and commercial projects.

Market Reaction

At 12:45 PM, the share traded at ₹573.85 (down by 6.30% from the previous day’s closing price). The intraday high was ₹590 and the low was ₹572.40. Over 1.86 lakhs have been traded so far (value of ₹10.70 crore). After today’s slump, the stock has fallen more than 13.60% in the past 3 months, and the market cap is close to ₹7300 crore.

Offer-for-Sale Details

The Offer-for-Sale (OFS) comprises 45.76 lakh shares, representing a 3.63% stake of the promoters. The floor price has been set at ₹550 per share, and the sale is scheduled for October 15–16, 2025, via the OFS window on stock exchanges. This move is likely aimed at meeting minimum public shareholding norms or partially monetising promoter holdings. The pricing indicates a moderate discount to the prevailing market rate, potentially attracting both institutional and retail investors seeking exposure at lower entry levels.

REF: https://nsearchives.nseindia.com/corporate/tchari_14102025174042_OFS_NOTICE.pdf

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