Krystal Integrated Services IPO is a book built issue of Rs 300.13 crores. The issue is a combination of fresh issue of 0.24 crore shares aggregating to Rs 175.00 crores and offer for sale of 0.18 crore shares aggregating to Rs 125.13 crores.
Krystal Integrated Services IPO opens for subscription on March 14, 2024 and closes on March 18, 2024. The allotment for the Krystal Integrated Services IPO is expected to be finalized on Tuesday, March 19, 2024. Krystal Integrated Services IPO will list on BSE, NSE with tentative listing date fixed as Thursday, March 21, 2024.
Krystal Integrated Services IPO price band is set at ₹680 to ₹715 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹14,300. The minimum lot size investment for sNII is 14 lots (280 shares), amounting to ₹200,200, and for bNII, it is 70 lots (1,400 shares), amounting to ₹1,001,000.
Inga Ventures Pvt Ltd is the book running lead manager of the Krystal Integrated Services IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Krystal Integrated Services IPO RHP for detailed information.
Krystal Integrated Services 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 |
Krystal Integrated Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Krystal Integrated Services IPO Timeline (Tentative Schedule)
Krystal Integrated Services IPO opens on March 14, 2024, and closes on March 18, 2024.
| 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 |
Krystal Integrated Services IPO Lot Size
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,300 |
| Retail (Max) | 13 | 260 | ₹185,900 |
| S-HNI (Min) | 14 | 280 | ₹200,200 |
| S-HNI (Max) | 69 | 1,380 | ₹986,700 |
| B-HNI (Min) | 70 | 1,400 | ₹1,001,000 |
| Lot Size Calculator | |||
Krystal Integrated Services IPO Promoter Holding
The promoters of the Company, are Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad and Krystal Family Holdings Private Limited.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
About Krystal Integrated Services Limited
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 and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management.
The company offers staffing, payroll management, private security, manned guarding, and catering services.
As of March 31, 2023, the company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations. They also offered catering on some trains.
The company served 262 customers in 2021, 277 in 2022, and 326 in 2023.
As of March 31, 2023, the company served 2,427 customer locations across 14 states and one union territory in India..
As of March 31, 2023, the company has set up 21 branches to expand its geographical reach.
The revenue from operations, total profit for the year (after tax), and EBITDA grew at a compound annual growth rate of 22.54%, 51.17%, and 34.56%, respectively, from Fiscal 2021 to Fiscal 2023.
As of March 31st, 2023, the company has 31,881 employees working on-site in various operations.
Krystal Integrated Services Limited Financial Information (Restated Consolidated)
Krystal Integrated Services Limited’s revenue increased by 28.13% and profit after tax (PAT) rose by 46.89% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 449.83 | 343.47 | 404.39 | 338.47 |
| Revenue | 455.67 | 710.97 | 554.86 | 474.31 |
| Profit After Tax | 20.56 | 38.41 | 26.15 | 16.65 |
| Net Worth | 183.68 | 163.41 | 163.86 | 136.08 |
| Reserves and Surplus | 170.09 | 155.27 | 156.04 | 129.76 |
| Total Borrowing | 103.36 | 47.99 | 72.55 | 65.31 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 11.71% |
| ROCE | 16.97% |
| Debt/Equity | 0.58 |
| RoNW | 11.21% |
| PAT Margin (%) | 4.56 |
Check Krystal Integrated Services IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.84 |
Objects of the Issue (Krystal Integrated Services IPO Objectives)
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
- Funding working capital requirements of the Company;
- Funding capital expenditure for the purchase of new machinery; and
- General corporate purposes
Krystal Integrated Services Limited Contact Details
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 Registrar
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