Krystal Integrated Services IPO Price: ₹680 to ₹715
IPO Date Range: Mar 14, 2024 - Mar 18, 2024
Founded in December 2000, Krystal Integrated Services Limited is a leading provider of complete facilities management solutions.
Providing an extensive array of services, they cover housekeeping, sanitation, landscaping, gardening, mechanical, electrical, and plumbing services. Additionally, they specialize in waste management, pest control, façade cleaning, as well as ancillary services like production support, warehouse management, and airport management.
Moreover, the company excels in offering staffing solutions, efficient payroll management, private security services, manned guarding, and catering services.
As of March 31, 2023, the company has provided services to 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations, including catering services on select trains. In 2021, the company served 262 customers, and this number increased to 277 in 2022 and further to 326 in 2023.
By March 31, 2023, the company has extended its reach to 2,427 customer locations across 14 states and one union territory in India. To enhance geographical coverage, the company has strategically established 21 branches as of March 31, 2023.
| IPO Date | March 14, 2024 to March 18, 2024 |
| Listing Date | Thursday, March 21, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹680 to ₹715 per share |
| Lot Size | 20 shares |
| Total Issue Size | 4,197,552 shares (aggregating up to ₹300.13 Cr) |
| Fresh Issue | 2,447,552 shares (aggregating up to ₹175.00 Cr) |
| Offer For Sale | 1,750,000 shares (aggregating up to ₹125.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 11,524,400 |
| Share holding post issue | 13,971,952 |
Bidders have the opportunity to bid for a minimum of 20 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,300 |
| Retail (Max) | 13 | 260 | ₹1,85,900 |
| S-HNI (Min) | 14 | 280 | ₹2,00,200 |
| S-HNI (Max) | 69 | 1,380 | ₹9,86,700 |
| B-HNI (Min) | 70 | 1,400 | ₹10,01,000 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Thursday, March 14, 2024 |
| IPO Close Date | Monday, March 18, 2024 |
| Basis of Allotment | Tuesday, March 19, 2024 |
| Initiation of Refunds | Wednesday, March 20, 2024 |
| Credit of Shares to Demat | Wednesday, March 20, 2024 |
| Listing Date | Thursday, March 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 18, 2024 |
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Krystal Integrated Services Limited witnessed a notable growth in revenue, experiencing a 28.13% increase, while the profit after tax (PAT) surged by 46.89% during the fiscal year ending on March 31, 2023, compared to March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 338.47 | 404.39 | 343.47 | 449.83 |
| Revenue | 474.31 | 554.86 | 710.97 | 455.67 |
| Profit After Tax | 16.65 | 26.15 | 38.41 | 20.56 |
| Net Worth | 136.08 | 163.86 | 163.41 | 183.68 |
| Reserves & Surplus | 129.76 | 156.04 | 155.27 | 170.09 |
| Total Borrowing | 65.31 | 72.55 | 47.99 | 103.36 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 998.99 |
| P/E (x) | 21.45 |
| ROE | 11.71% |
| ROCE | 16.97% |
| Debt/ Equity | 0.58 |
| EPS | 33.33 |
| RoNW | 11.21% |
The company intends to allocate the Net Proceeds from the Fresh Issue to support the following objectives:
Prospectus: Official documents that provide detailed information about the IPO and the company. Krystal Integrated Services DRHP and Krystal Integrated Services RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Krystal Integrated Services Limited" IPO is ₹680 to ₹715 per share.
The "Krystal Integrated Services Limited" IPO is expected to be listed on Thursday, 21 March 2024.
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