What you must know about Krystal Integrated Services IPO?
by 5paisa Research Team
12 Mar 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 21-Mar-24
- IPO Price Range ₹680
- Listing Price ₹795
- Listing Change 11.2 %
- Last Traded Price ₹646.25
- Current Change -9.6 %
Krystal Integrated IPO Details
- Open Date 14-Mar-24
- Close Date 18-Mar-24
- Lot Size 20
- IPO Size ₹ 300.13 Cr
- IPO Price Range ₹ 680 to ₹ 715
- Min Investment ₹ 13,600
- Listing Exchange BSE, NSE
- Basis of Allotment 19-Mar-24
- Refunds 20-Mar-24
- Credit to Demat Account 20-Mar-24
- Listing Date 21-Mar-24
Krystal Integrated Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 14-Mar-24 | 0.33 | 0.45 | 0.37 | 0.38 |
| 15-Mar-24 | 0.57 | 1.19 | 0.60 | 0.72 |
| 18-Mar-24 | 7.32 | 45.22 | 3.41 | 13.49 |
Krystal Integrated IPO Synopsis
Krystal Integrated Services Limited IPO is set to open from 14th March to 18th March 2024. It is an integrated facilities management services company. The IPO includes a fresh issue of 2,447,552 shares worth ₹175 cr. and an Offer-for-Sale (OFS) of 1,750,000 worth ₹125.13 cr. The total IPO size is ₹300.13 cr. The share allotment date is 19th March 2024, and the IPO will be listed on 21st March 2024 on the stock exchanges. The price band is set at ₹680 to ₹715 and the lot size is 20 shares.
Inga Ventures Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Krystal Integrated Services IPO:
The company proposes to utilize Net Proceeds from Fresh Issue towards funding following objects:
● To repay or prepay in part or full borrowings obtained
● To fund the working capital requirements
● To fund the need for capital expenditure to purchase new machinery
● General corporate purposes
Krystal Integrated Services IPO Video
About Krystal Integrated Services
Incorporated in December 2000, Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical & plumbing services, waste management, pest control, façade cleaning, & other services such as production support, warehouse management, & airport management.
The company offers staffing, payroll management, private security, manned guarding, & catering services.
As of March 31, 2023, company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, & 10 metro stations. They also offered catering on some trains.
The company served 262 customers in 2021, 277 in 2022, & 326 in 2023.
As of March 31, 2023, company served 2,427 customer locations across 14 states & one union territory in India.
For More Information:
Webstory on Krystal Integrated Services IPO
Krystal Integrated Services Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 707.63 | 552.67 | 471.28 |
| EBITDA | 54.50 | 45.45 | 30.10 |
| PAT | 38.44 | 26.27 | 16.82 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 343.46 | 404.38 | 338.47 |
| Share Capital | 5.76 | 5.76 | 5.76 |
| Total Borrowings | 180.05 | 240.53 | 202.39 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 71.78 | 19.98 | 7.95 |
| Net cash from / (used in) investing activities | -32.00 | -17.89 | 17.60 |
| Net cash flow from / (used in) financing activities | -30.89 | -3.05 | -26.77 |
| Net increase (decrease) in cash and cash equivalents | 8.88 | -0.96 | -1.20 |
Krystal Integrated IPO Key Points
-
Strengths
1. Diverse service offerings provide a comprehensive solution for customers' needs.
2. Focused business model strategically aligns with favorable industry trends.
3. Established customer relationships across various sectors ensure recurring business.
4. Extensive geographic presence & efficient workforce enhance operational capabilities.
5. Strong financial performance history reflects scalability & agility of business model.
6. Consistent delivery of high-quality services underscores reliability & efficiency.
-
Risks
1. Heavy reliance on a limited number of customers for revenue poses concentration risk.
2. Revenue dependence on government contracts through competitive bidding introduces uncertainty.
3. Vulnerability to adverse developments in key geographical regions impacts business stability.
4. Revenue concentration in few segments exposes susceptibility to market fluctuations.
5. Operational risks inherent in diverse service environments pose ongoing challenges.
6. Uncertainty surrounding growth potential in focus sectors like healthcare & education adds to risk factors.
Krystal Integrated
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Krystal Integrated IPO FAQs
When does the Krystal Integrated Services IPO opens and closes?
Krystal Integrated Services IPO opens from 14th March to 18th March 2024.
What is the size of the Krystal Integrated Services IPO?
The size of Krystal Integrated Services IPO is ₹300.13 cr.
How to apply for the Krystal Integrated Services IPO?
To apply for Krystal Integrated Services IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Krystal Integrated Services IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Krystal Integrated Services IPO?
The price band of Krystal Integrated Services is set at ₹680 to ₹715 per share.
What is the minimum lot size and investment required for the Krystal Integrated Services IPO?
The minimum lot size of Krystal Integrated Services IPO is 20 shares and the minimum investment required to apply for the IPO is ₹13,600.
What is the allotment date of the Krystal Integrated Services IPO?
The share allotment date of Krystal Integrated Services IPO is 19th March 2024.
What is the Krystal Integrated Services IPO listing date?
The Krystal Integrated Services IPO will be listed on 21st March 2024.
Who are the book runners for the Krystal Integrated Services IPO?
Inga Ventures Private Limited is the book-running lead manager for Krystal Integrated Services IPO.
What is the objective of the Krystal Integrated Services IPO?
Krystal Integrated Services will use the proceeds from the listing for:
● To repay or prepay in part or full borrowings obtained
● To fund the working capital requirements
● To fund the need for capital expenditure to purchase new machinery
● General corporate purposes
Contact Details of Krystal Integrated Services IPO
Contact Information
Krystal Integrated Services Limited
Krystal House 15A 17
Shivaji Fort CHS, Duncans Causeway
Road, Mumbai –400022,
Phone: +912247471234
Email: company.secretary@krystal-group.com
Website: https://krystal-group.com/
Krystal Integrated Services IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: krystalintegrated.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Krystal Integrated Services IPO Lead Manager
Inga Ventures Pvt Ltd.
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