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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 bidding started from March 14, 2024 and ended on March 18, 2024. The allotment for Krystal Integrated Services IPO was finalized on Tuesday, March 19, 2024. The shares got listed on BSE, NSE on 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.
| IPO Date | March 14, 2024 to March 18, 2024 |
| Listing Date | March 21, 2024 |
| 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 offers 4,197,551 shares. 839,510 (20.00%) to QIB, 629,633 (15.00%) to NII, 1,469,143 (35.00%) to RII and 1,259,265 (30.00%) to Anchor investors. 73,457 RIIs will receive minimum 20 shares and 749 (sNII) and 1,499 (bNII) will receive minimum 280 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,259,265 (30.00%) | NA |
| QIB Shares Offered | 839,510 (20.00%) | NA |
| NII (HNI) Shares Offered | 629,633 (15.00%) | |
| bNII > ₹10L | 419,755 (10.00%) | 1,499 |
| sNII < ₹10L | 209,878 (5.00%) | 749 |
| Retail Shares Offered | 1,469,143 (35.00%) | 73,457 |
| Total Shares Offered | 4,197,551 (100%) |
Krystal Integrated Services IPO raises Rs 90.04 crore from anchor investors. Krystal Integrated Services IPO Anchor bid date is March 13, 2024. Krystal Integrated Services IPO Anchor Investors list
| Bid Date | March 13, 2024 |
| Shares Offered | 1,259,265 |
| Anchor Portion Size (In Cr.) | 90.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 18, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 17, 2024 |
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 |
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 | |||
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
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'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 | ||||
The market capitalization of Krystal Integrated Services IPO is Rs 998.99 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 11.71% |
| ROCE | 16.97% |
| Debt/Equity | 0.58 |
| RoNW | 11.21% |
| P/BV | 4.49 |
| PAT Margin (%) | 4.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 33.33 | 29.42 |
| P/E (x) | 21.45 | 24.3 |
[Dilip Davda] The company enjoys most preferred partner in many government projects for its integrated facilities management services and has over 73% of its revenue from Government Contracts. The company marked growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds in this IPO for the medium to long term rewards. Read detail review...
The Krystal Integrated Services IPO is subscribed 13.49 times on March 18, 2024 6:21:00 PM. The public issue subscribed 3.42 times in the retail category, 7.32 times in the QIB category, and 45.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 7.32 |
| NII | 45.23 |
| bNII (bids above ₹10L) | 52.07 |
| sNII (bids below ₹10L) | 31.54 |
| Retail | 3.42 |
| Total | 13.49 |
Total Application : 264,406 (3.60 times)
| Listing Date | March 21, 2024 |
| BSE Script Code | 544149 |
| NSE Symbol | KRYSTAL |
| ISIN | INE0QN801017 |
| Final Issue Price | ₹715 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹715.00 |
| ₹795.00 |
| ₹703.05 |
| ₹795.00 |
| ₹712.30 |
| NSE |
|---|
| ₹715.00 |
| ₹785.00 |
| ₹703.05 |
| ₹793.80 |
| ₹712.85 |
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/
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
Krystal Integrated Services IPO is a main-board IPO of 4,197,552 equity shares of the face value of ₹10 aggregating up to ₹300.13 Crores. The issue is priced at ₹680 to ₹715 per share. The minimum order quantity is 20 Shares.
The IPO opens on March 14, 2024, and closes on March 18, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Krystal Integrated Services IPO using UPI as a payment gateway. Zerodha customers can apply in Krystal Integrated Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krystal Integrated Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krystal Integrated Services IPO opens on March 14, 2024 and closes on March 18, 2024.
Krystal Integrated Services IPO lot size is 20 Shares, and the minimum amount required is ₹14,300.
You can apply in Krystal Integrated Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Krystal Integrated Services IPO will be done on Tuesday, March 19, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 20, 2024. Check the Krystal Integrated Services IPO allotment status.
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