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 Krystal Integrated Services Limited IPO: A Comprehensive Overview

Krystal Integrated Services Limited IPO: A Comprehensive Overview


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.


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.

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