Krystal Integrated Services IPO vs SRM Contractors IPO

Comparision between Krystal Integrated Services IPO and SRM Contractors IPO.

IPO Details

Krystal Integrated Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Krystal Integrated Services IPO	SRM Contractors IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Inga Ventures Pvt Ltd	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Krystal Integrated Services IPO is up to ₹300.13 Cr whereas the issue size of the SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of Krystal Integrated Services IPO is ₹715.00 per share and of SRM Contractors IPO is ₹210.00 per share.

	Krystal Integrated Services IPO	SRM Contractors IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹680.00 per share	₹200.00 per share
Issue Price (Upper)	₹715.00 per share	₹210.00 per share
Issue Price (Final)	₹715.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	70 shares
Fresh Issue Size	24,47,552 shares	62,00,000 shares
Fresh Issue Size (Amount)	up to ₹175.00 Cr	up to ₹130.20 Cr
OFS Issue Size	17,50,000 shares
OFS Issue Size (Amount)	up to ₹125.13 Cr
Issue Size Total	41,97,552 shares	62,00,000 shares
Issue Size Total (Amount)	up to ₹300.13 Cr	up to ₹130.20 Cr

IPO Timetable

Krystal Integrated Services IPO opens on Mar 14, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of Krystal Integrated Services IPO and SRM Contractors IPO is Mar 18, 2024, and Mar 28, 2024, respectively.

	Krystal Integrated Services IPO	SRM Contractors IPO
Anchor Bid Date	Mar 13, 2024	Mar 22, 2024
Issue Open	Mar 14, 2024	Mar 26, 2024
Issue Close	Mar 18, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Mar 19, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Mar 20, 2024	Apr 02, 2024
Credit of Share (Tentative)	Mar 20, 2024	Apr 02, 2024
Listing date (Tentative)	Mar 21, 2024	Apr 03, 2024
Anchor Lockin End date 1	Apr 18, 2024	May 01, 2024
Anchor Lockin End date 2	Jun 17, 2024	Jun 30, 2024

Financials

Krystal Integrated Services IPO P/E ratio is 21.45, as compared to SRM Contractors IPO P/E ratio of 18.76.

Krystal Integrated Services IPO

SRM Contractors IPO

Financial

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

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.99%

99.92%

Promoter Shareholding (Post-Issue)

72.92%

P/E Ratio

21.45

18.76

Market Cap

₹998.99 Cr.

₹481.83 Cr.

ROE

11.71%%

ROCE

16.97%%

29.43%%

Debt/Equity

0.58

0.5

EPS

₹33.33

₹11.20

RoNW

11.21%%

25.02%%

Shares Offered

In the Krystal Integrated Services IPO retail investors (RII) are offered 14,69,143 shares while in SRM Contractors IPO retail investors are offered 14,69,143 shares. Qualified institutional buyers (QIB) are offered 8,39,510 shares in Krystal Integrated Services IPO and 12,40,100 shares in SRM Contractors IPO.

	Krystal Integrated Services IPO	SRM Contractors IPO
Anchor Investor Reserveration	12,59,265 shares	18,59,900 shares
Market Maker Reserveration
QIB	8,39,510 shares	12,40,100 shares
NII	6,29,633 shares	9,30,000 shares
RII	14,69,143 shares	21,70,000 shares
Employee	0 shares	0 shares
Others
Total	29,38,286 shares	43,40,100 shares

Bids Received (Subscription)

Krystal Integrated Services IPO subscribed 13.49x in total, whereas SRM Contractors IPO subscribed 86.57x.

	Krystal Integrated Services IPO	SRM Contractors IPO
QIB (times)	7.32x	59.59x
NII (times)	45.23x	214.94x
Big NII (times)	52.07x	220.57x
Small NII (times)	31.54x	203.67x
RII (times)	3.42x	46.97x
Employee (times)
Other (times)
Total (times)	13.49x	86.57x

Compare with others

Krystal Integrated Services IPO	SRM Contractors IPO
VI FPO	TBO Tek IPO
Bharti Hexacom IPO	Indegene IPO
SRM Contractors IPO	JNK India IPO
Popular Vehicles & Services IPO	VI FPO
Gopal Namkeen IPO	Bharti Hexacom IPO
JG Chemicals IPO	Popular Vehicles & Services IPO
Bharat Highways InvIT	Gopal Namkeen IPO
GPT Healthcare IPO	Krystal Integrated Services IPO
Juniper Hotels IPO	JG Chemicals IPO
Vibhor Steel Tubes IPO	Bharat Highways InvIT

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