Krystal Integrated Services IPO listed with Impressive 11% Premium over IPO Price

Krystal Integrated Services IPO Decent Debut on D street

Krystal Integrated Services IPO shares opened at ₹795 on BSE and ₹785 on NSE, leading integrated facilities management services provider, made robust debut on Indian stock market, offering investors promising start. IPO, which was oversubscribed by 12 times, garnered significant interest from non-institutional investors, signaling positive sentiment towards company. Shares of Krystal Integrated Services listed at premium of 11% on both BSE & NSE at ₹ 795, indicating strong investor confidence & demand for stock. listing price exceeded analyst expectations, with investors witnessing double-digit gains right from start.

Krystal Integrated Services Subscription & IPO Details

Krystal Integrated Services IPO, priced in range of ₹680 to ₹715 per share, aimed to raise ₹300 cr through mix of fresh equity issuance & offer for sale. With subscription of over 13 times offered shares, IPO received enthusiastic participation across investor categories. Qualified institutional bidders subscribed 7.33 times, while non-institutional investors showed keen interest, subscribing nearly 44 times. Retail investors also participated actively, bidding 3.32 times during offering period, reflecting widespread interest in company's growth potential.

About Krystal Integrated Services

Established in December 2000, Mumbai-based Krystal Integrated Services specializes in providing integrated facilities management services across various sectors, including healthcare, education, airports, railways, retail, & public administration. company offers diverse portfolio of services, including housekeeping, sanitation, landscaping, mechanical & electrical services, waste management, & pest control. Krystal Integrated Services has emerged as preferred partner for government projects, contributing over 70% to its revenue.

Krystal Integrated Services' strong financial performance further bolstered investor confidence. In FY23, company recorded significant surge in revenue from operations, witnessing 28% year-on-year increase to ₹708 cr. Net profit for same period rose by impressive 46% to ₹38.4 cr, underscoring company's growth trajectory & profitability.

To Summarize

Successful listing of Krystal Integrated Services reflects investor optimism & confidence in company's business model & growth prospects. oversubscribed IPO, coupled with strong debut on stock exchanges, underscores market's positive reception towards company. As Krystal Integrated Services continues to expand its presence & consolidate its position in facilities management sector, investors remain optimistic about its future performance & potential for value creation.