Krystal Integrated Services Limited IPO: An Overview and Corporate Insight
Krystal Integrated Services Limited was founded in December 2000, and it offers facilities management services, such as housekeeping, sanitation, gardening, waste management, pest control, landscaping, mechanical, electrical, and plumbing services, waste cleaning, and other services including production support, warehouse management, and airport management and many more.
The business also provides catering, private security, manned guarding, payroll processing, and staffing. The company has provided services to 224 schools, 134 hospitals, 2 airports, 4 train stations, and 10 metro stations as of March 31, 2023. Some trains also had meals available. In 2021, the company provided services to 262 clients; in 2022, 277; and in 2023, 326. As of March 31, 2023, the business provided services to 2,427 client locations spread throughout 14 states and one Indian union territory.
Grey Market Premium Analysis and IPO Timelines – Krystal Integrated Services Limited IPO
| Date | GMP |
| March 12 | ₹90 |
| March 11 | ₹90 |
The last update was on March 12, 2024 at 1:30 PM. The GMP is ₹90. The projected listing price for the Krystal Integrated Services IPO, with a price band of 715.00, is ₹805 (cap price + today’s GMP).12.59% is the anticipated gain/loss per share.
Pricing Details and Lot Size – Krystal Integrated Services Limited IPO
The price band for the IPO is ₹680 to ₹715 per share.
Book-Running Lead Managers and Registrar – Krystal Integrated Services Limited IPO
The IPO’s book running lead manager is Inga Ventures Pvt Ltd, and the issue’s registrar is Link Intime India Private Ltd.
Offer for Sale and IPO Size Breakdown – Krystal Integrated Services Limited IPO
The offering for sale (OFS) component of 0.18 crore shares and a new issue of Rs 175.00 crore comprise the book-build issue of Krystal Integrated Services IPO.
IPO Timelines at a Glance
| Event | Date |
| IPO Opening Date | March 14, 2024 |
| IPO Closing Date | March 18, 2024 |
| IPO Allotment Date | March 19, 2024 |
| Initiation of Refunds | March 20, 2024 |
| Credit of Shares to Demat | March 20, 2024 |
| IPO Listing Date | March 21, 2024 |
View details of more upcoming IPOs here.
Utilisation of Fresh Issuance and Technological Advancements
The business plans to fund the following items with the net proceeds from the new issue:
- Payback or prepayment, in full or in part, of some of the company’s borrowed funds.
- Funding the company’s needs for working cash.
- Financing capital expenses for the acquisition of new equipment.
- General company objectives.
Conclusion
The business provides a wide range of services, including hard and soft services. Sanitation, gardening, landscaping, and cleaning are examples of soft services. Hard services include plumbing, electrical, and mechanical work as well as pest control, façade cleaning, and the handling of solid, liquid, and biological waste. They also offer a wide range of additional services, like production assistance, warehouse management, and airport management services, which include traffic control and multi-level parking. They also provide payroll processing, private security and manned guarding services, staffing solutions, and catering.
The corporation opened 21 branches as of March 31, 2023, in an effort to increase its geographic reach. During the Fiscal 2021–2023 year, the revenue from operations, total profit for the year (after taxes), and EBITDA increased at compound annual growth rates of 22.54%, 51.17%, and 34.56%, respectively. The corporation employed 31,881 people on-site in a variety of operations as of March 31st, 2023.
Frequently Asked Questions (FAQ)
Q. What does Krystal Integrated Services Limited specialise in?
The company offers a wide range of services, including hard and soft services. Sanitation, gardening, landscaping, and cleaning are examples of soft services. Hard services include plumbing, electrical, and mechanical work as well as pest control, façade cleaning, and the handling of solid, liquid, and biological waste. They also offer a wide range of additional services, like production assistance, warehouse management, and airport management services, which include traffic control and multi-level parking. They also provide payroll processing, private security and manned guarding services, staffing solutions, and catering.
Q. What is the primary purpose of Krystal Integrated Services Limited’s IPO?
The goals that the company plans to fund with the net proceeds are payback or prepayment, in full or in part, of some of the company’s borrowed funds, funding the company’s needs for working cash, financing capital expenses for the acquisition of new equipment, and general company objectives.
Q. Who are the lead managers for Krystal Integrated Services Limited’s IPO?
Inga Ventures Private Limited is the Book Running Lead Managers (BRLM) to the issue.
Q. How is the IPO structured in terms of new issuance and offer for sale (OFS)?
The IPO consists of an offering for sale of 0.18 crore shares and a new issue of Rs 175.00 crore comprise this issue.
Q. What is the lot size and minimum investment for retail investors in the Krystal Integrated Services Limited IPO?
The lot size is 20 shares, and the minimum amount is ₹14,300.
Q. What is the price band for the Krystal Integrated Services Limited IPO?
The price band for the IPO is ₹680 to ₹715 per share.
Q. How has the Grey Market Premium (GMP) trend for Krystal Integrated Services Limited IPO?
The GMP is ₹90. The projected listing price for the IPO, with a price band of 715.00, is ₹805 (cap price + today’s GMP).12.59% is the anticipated gain/loss per share.
Q. When does the IPO open and close for subscription?
The IPO will open for subscription on March 14, 2024 and close on March 18, 2024.
Q. When is the allotment date for the Krystal Integrated Services Limited IPO?
The allotment date is set for March 19, 2024.
Q. When is Krystal Integrated Services Limited expected to be listed on the stock exchanges?
The anticipated listing date for Krystal Integrated Services Limited IPO is March 21, 2024 on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
