Krystal Integrated Services Limited IPO
MainboardDiversified Commercial Services
Listed On: Mar 21, 2024 at ₹ 785.0(NSE)
₹ 14300 /20 Shares
Check Allotment14 Mar, 2024
Open Date18 Mar, 2024
Close Date19 Mar, 2024
Allotment Date21 Mar, 2024
Listing DatePrice Summary
Last Closing
508.50 (-28.88%)52 Week High
801.0052 Week Low
415.60Last Update
18-Dec-2025 3:30 PMKrystal Integrated Services Limited IPO Issue Details
- Issue Price ₹680-715 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 41,97,552 shares(aggregating up to ₹300.13 crore)
- Fresh Share 24,47,552 shares(aggregating up to ₹175 crore)
- Offer For Sale 17,50,000 shares(aggregating up to ₹125.13 crore)
- Listing at BSE, NSE
- List Price 785.0(NSE)
- Listing Date 2024-03-21
- Lead Manager Inga Ventures Pvt Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 20 shares and in multiples thereof. The following 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 | ₹1,85,900 |
| SHNI(min) | 14 | 280 | ₹2,00,200 |
| SHNI(max) | 69 | 1,380 | ₹9,86,700 |
| BHNI(min) | 70 | 1,400 | ₹10,01,000 |
Krystal Integrated Services Limited IPO Reservation
Krystal Integrated Services Limited IPO offers total 4,197,551 shares. Out of which 839,510 (20%) allocated to QIB, 629,633 (15%) allocated to NII,1,469,143 (35%) allocated to RII, NA (NA%) allocated to employees and 1,259,265 (30%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,259,265 (30%) | |
| QIB Shares Offered | 839,510 (20%) | |
| NII (HNI) Shares Offered | 629,633 (15%) | |
| bNII > ₹10L | 419,755 (10%) | |
| sNII < ₹10L | 209,878 (5%) | |
| Retail Shares Offered | 1,469,143 (35%) | |
| Total Shares Offered | 4,197,551 (100%) |
Krystal Integrated Services Limited IPO Details
Krystal Integrated Services Limited IPO is a book-built issue of ₹300.13 crores, The total issue size is ₹300.13 crores. The IPO of Krystal Integrated Services Limited is priced at ₹680-715 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Mar 14, 2024 and ends on Mar 18, 2024. The allotment for Krystal Integrated Services Limited IPO will be finalized on Mar 19, 2024. Krystal Integrated Services Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 21, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
Retail investors can bid for a minimum of 20 shares, extendable to 14,300. S-HNIs will be able to bid for 280 shares at ₹2,00,200, while B-HNIs can also apply for a bid of 1,400 shares at ₹10,01,000. The book-running lead manager for the IPO is/are Inga Ventures Pvt Ltd.
The total issue ₹300.13 crore, comprising a fresh issue of 24,47,552 shares ₹175 crore and having Offer for Sale (OFS) of 17,50,000 shares to mop up ₹125.13 crore.
The Krystal Integrated Services Limited IPO sets its price band at 680-715 for each share. A single application for Krystal Integrated Services Limited IPO must contain at least 20 shares. Sentiment investors need to invest a minimum of 20 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,300 In order to participate in the sNII, investors must purchase at least 14 lots of 280 shares for ₹2,00,200, while the bNII requires 70 lots of 1,400 shares for an investment of ₹10,01,000.
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Krystal Integrated Services Limited IPO Subscription Analysis And Details
| As on | QIB | NII
bNII sNII |
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 839,510 |
629,633
419,755 209,878 |
1,469,143 | 2,938,286 |
|
Day 1
14-03-24 05:00 PM
|
0.33 x |
0.43
0.55 x 0.20 x |
0.34 x | 0.36 x |
|
Day 2
15-03-24 05:00 PM
|
0.57 x |
1.15
1.46 x 0.55 x |
0.58 x | 0.70 x |
|
Day 3
18-03-24 05:00 PM
|
7.33 x |
43.90
50.55 x 30.61 x |
3.31 x | 13.21 x |
Krystal Integrated Services Limited Valuations
Krystal Integrated Services Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 343.47 | 404.39 | 338.47 |
| Revenue | 710.97 | 554.86 | 474.31 |
| Profit After Tax | 38.44 | 26.27 | 16.82 |
| Net Worth | 163.41 | 163.86 | 136.08 |
| Reserves & Surplus | 155.27 | 156.04 | 129.76 |
| Total Borrowing | 47.99 | 72.55 | 65.31 |
About Krystal Integrated Services Limited Company
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 - Promoter(s)
Prasad Minesh Lad
Neeta Prasad Lad
Saily Prasad Lad
Shubham Prasad Lad
Krystal Family Holdings Private Limited
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : N/A%
Krystal Integrated Services Limited IPO - Issue Objectives
Repayment/prepayment, in full or part, of certain borrowings availed of by the Company
Funding working capital requirements of our Company
Funding capital expenditure for the purchase of new machinery
General corporate purposes
Krystal Integrated Services Limited IPO - Anchor Investors
Krystal Integrated Services mobilises Rs 90 crore via anchor book ahead of IPO.
Total 10 institutional investors - BofA Securities Europe, ITI Flexi Cap Fund, Quant Business Cycle Fund, Aegis Investment Fund, Saint Capital Fund, Negen Undiscovered Value Fund, Coeus Global Opportunities Fund, NAV Capital and Zeal Global Opportunities Fund - participated in the anchor book.
Krystal Integrated Services Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Krystal Integrated Services Limited | 33.33 | 33.33 | 141.8 | 23.53 | N/A | N/A | Consolidated |
| Quess Corp Ltd | 15.16 | 15.04 | 173.43 | 30.06 | 8.74 | 2.9 | Consolidated |
| SIS Limited | 23.64 | 23.43 | 159.23 | 18.54 | 14.85 | 2.82 | Consolidated |
| Updater Services Limited | 6.77 | 6.7 | 71.93 | 64.65 | 9.4 | 5.87 | Consolidated |
Notes:
- The basic and diluted Earnings per Equity Share for the year presented for Krystal Integrated Services Limited have been calculated/restated after considering the bonus issue pursuant to a resolution passed by our Board dated September 26, 2023, and a special resolution passed by our Shareholders dated September 26, 2023, respectively.
- Basic and diluted EPS refers to the Basic EPS sourced from the publicly available financial results of the respective company for Fiscal 2023.
- P/E Ratio has been computed based on the closing market price (February 16, 2024) of equity shares on NSE, divided by the Diluted EPS.
- P/B Ratio has been computed based on the closing market price (February 16, 2024) of equity shares on NSE, divided by the NAV provided under Note (7) below.
- Return on Net Worth (%) = Profit for the year / Net Worth at the end of the year.
- Net Asset Value per Equity Share for Listed Peers (in ₹) = Net worth at the end of the year (excluding Non-controlling Interest) / Diluted Weighted number of equity shares outstanding at the end of the year.
Krystal Integrated Services Limited IPO - FAQs
Ans. Krystal Integrated Services Limited IPO is a Mainboard IPO. The issue is priced at ₹680-715 per equity share. The minimum order quantity is 20 Shares. The IPO opens on Mar 14, 2024, and closes on Mar 18, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Krystal Integrated Services Limited IPO opens on Mar 14, 2024 and closes on Mar 18, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Krystal Integrated Services Limited IPO is Total ₹300.13 Cr : #Fresh Issue : 2,447,552 shares(aggregating up to ₹175.00 Cr) + #OFS : 1,750,000 shares of ₹10(aggregating up to ₹125.13 Cr).
Ans. The Krystal Integrated Services Limited IPO price band is set between ₹680-715 per equity share.
Ans. To apply for Krystal Integrated Services Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Krystal Integrated Services Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Krystal Integrated Services Limited IPO is Mar 19, 2024.
Ans. The Krystal Integrated Services Limited IPO will be listed on Mar 21, 2024.
Ans. Follow the steps to check the Krystal Integrated Services Limited IPO allotment status online.
