Krystal Integrated Services is scheduled to hit the market on March 14, 2024 and close on March 18, 2024. Krystal Integrated Services plans to raise around ₹300.13 Cr through an IPO with a sale of up to 4,197,552 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Krystal Integrated Services Limited, established in December 2000, specializes in providing a diverse range of facilities management services. These services encompass housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing solutions, waste management, pest control, façade cleaning, as well as additional offerings like production support, warehouse management, and airport services. Furthermore, the company extends its expertise to staffing, payroll management, private security, manned guarding, and catering services.
By March 31, 2023, Krystal Integrated Services Limited had significantly expanded its operational footprint, catering to 2,427 customer locations scattered across 14 states and one union territory in India. The company's growth trajectory is evidenced by its increased clientele from 262 customers in 2021 to 326 in 2023. Moreover, with a dedicated workforce of 31,881 employees deployed across various operations as of the same date, the company has established 21 branches to enhance its geographical presence. Over the fiscal years from 2021 to 2023, Krystal Integrated Services Limited witnessed remarkable growth rates in revenue from operations, total profit after tax, and EBITDA at 22.54%, 51.17%, and 34.56% compound annual growth rates respectively.
Krystal Integrated Services IPO Details
Krystal Integrated Services IPO opens on March 14, 2024, and closes on March 18, 2024. The Listing date for Krystal Integrated Services IPO is on March 21, 2024. The price band for IPO is ₹680 to ₹715 per share and lot size of 20 Shares.
| IPO Date | Mar 14, 2024 to Mar 18, 2024 |
| Listing Date | Mar 21, 2024 |
| Price | ₹680 to ₹715 per share |
| Lot Size | 20 Shares |
| Issue Size | ₹300.13 Cr |
| Face Value | ₹10 per share |
Krystal Integrated Services IPO Tentative Timetable
Krystal Integrated Services opening date is March 14, 2024 and close date is March 18, 2024. The IPO allotment date is March 19, 2024. The refund initiation of IPO is on March 20, 2024. The credit of shares in demat account is on March 20, 2024. The listing date is on March 21, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 14, 2024 |
| IPO Closing | Mar 18, 2024 |
| IPO Allotment Date | Mar 19, 2024 |
| Refund Initiation | Mar 20, 2024 |
| Shares Credit to Demat | Mar 20, 2024 |
| Lisiting Date | Mar 21, 2024 |
Krystal Integrated Services IPO Lot Size
Lot Size of this IPO is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹185,900).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 20 | ₹14,300 |
| Retail(Maximum) | 13 | 260 | ₹185,900 |
| S-HNI (Minimum) | 14 | 280 | ₹200,200 |
| B-HNI (Minimum) | 68 | 1,400 | ₹1,001,000 |
Krystal Integrated Services IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Krystal Integrated Services IPO Review
Krystal Integrated Services Limited, a leading facilities management company in India, has unveiled its Initial Public Offering (IPO) plans to the market. Founded in 2000, the company offers a diverse range of services such as housekeeping, sanitation, landscaping, and catering, catering to a wide array of industries including healthcare, education, transportation, and more. With a strong foothold in 14 states and one union territory in India, Krystal Integrated Services has steadily expanded its operations and customer base. As of March 31, 2023, the company served 2,427 customer locations and had a workforce of 31,881 employees dedicated to providing top-notch services.
In terms of financial performance, Krystal Integrated Services has shown impressive growth with a compound annual growth rate of 22.54% in revenue, 51.17% in total profit after tax, and 34.56% in EBITDA from Fiscal 2021 to Fiscal 2023. The company's key performance indicators as of September 30, 2023, include a Return on Equity (ROE) of 11.71% and Return on Capital Employed (ROCE) of 16.97%. With a Debt/Equity ratio of 0.58 and a Profit After Tax (PAT) margin of 4.56%, Krystal Integrated Services IPO presents an attractive investment opportunity for investors seeking exposure to the facilities management sector in India.
Krystal Integrated Services' IPO proceeds are intended for various purposes including the repayment or prepayment of borrowings, funding working capital requirements, investing in new machinery, and general corporate purposes. The company's commitment to expanding its geographical reach with 21 branches established as of March 31, 2023, reflects its growth-oriented strategy. With a track record of consistent growth and a strong presence in key sectors, Krystal Integrated Services Limited's IPO is poised to attract investor interest looking to capitalize on the success and potential of a reputable facilities management company in India.
Krystal Integrated Services IPO Subscription Status (Bidding Details)
Table not foundKrystal Integrated Services IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Krystal Integrated Services IPO FAQs
What is Krystal Integrated Services IPO?
Krystal Integrated Services is issuing 4,197,552 equity shares with a face value of ₹10 each, totaling up to ₹300.13 Cr. The shares are being offered at a price of ₹680 to ₹715 each, with a minimum order quantity of 20 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Krystal Integrated Services IPO will open?
Krystal Integrated Services will open on March 14, 2024 for QIB, NII, and Retail Investors.
When Krystal Integrated Services IPO will end?
Krystal Integrated Services will end on March 18, 2024.
What is Krystal Integrated Services IPO Size?
Krystal Integrated Services IPO size is ₹300.13 Cr.
What is Krystal Integrated Services IPO Price Band?
Krystal Integrated Services price band is ₹680 to ₹715 per share.
What is the Krystal Integrated Services IPO Allotment Date?
Krystal Integrated Services allotment date is March 19, 2024.
What is the Krystal Integrated Services IPO Listing Date?
Krystal Integrated Services listing date is March 21, 2024. The IPO is to be listed on BSE and NSE.
How to Krystal Integrated Services IPO through Zerodha?
To apply for the IPO “Krystal Integrated Services” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Krystal Integrated Services IPO through Upstox?
To apply for the IPO “Krystal Integrated Services” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Krystal Integrated Services IPO Allotment Status?
For Krystal Integrated Services IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Krystal Integrated Services IPO GMP?
You can check out here: Krystal Integrated Services IPO GMP