Krystal Integrated Services Limited IPO: A Comprehensive Overview
Introduction
Krystal Integrated Services Limited recently launched its Initial Public Offering (IPO), aiming to raise Rs 300.13 crores through a book-built issue. The IPO consists of a fresh issue of 0.24 crore shares and an offer for sale of 0.18 crore shares.
IPO Details
| IPO Date | March 14, 2024 to March 18, 2024 |
| Listing Date | [.] |
| 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 of ₹10 (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 |
IPO Structure
Offer Breakdown: The IPO offers a combination of fresh issue and offer for sale, totaling Rs 300.13 crores.
Reservation: The IPO reserves shares for different investor categories, including QIBs, NIIs, RIIs, and Anchor investors.
Promoter Holding: The promoters of the company include Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad, and Krystal Family Holdings Private Limited.
Krystal Integrated Services IPO Timeline
| 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 |
Company Overview
Krystal Integrated Services Limited, established in December 2000, provides facilities management services such as housekeeping, sanitation, landscaping, mechanical, electrical, and plumbing services. They also offer staffing, payroll management, security, and catering services.
Financial Performance
Revenue Growth: The company’s revenue and profit after tax (PAT) grew at a compound annual growth rate (CAGR) of 22.54% and 51.17%, respectively, from Fiscal 2021 to Fiscal 2023.
Employee Strength: As of March 31, 2023, the company had 31,881 employees working on-site across various operations.
Objectives of the Issue
The Net Proceeds from the Fresh Issue will be utilized for:
– Repayment/prepayment of certain borrowings.
– Funding working capital requirements.
– Capital expenditure for purchasing new machinery.
– General corporate purposes.
Conclusion
Krystal Integrated Services Limited’s IPO offers investors an opportunity to invest in a company with a strong track record, robust financial performance, and a wide range of services in the facilities management sector.
