Krystal Integrated Services - AstroIPO

Krystal Integrated Services IPO


March 13, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Krystal Integrated Services Ltd, a company in the business support sector, is launching its IPO on March 14, 2024. The company is offering 41.98 lakh shares at a price band of Rs. 680-715 per share, aiming to raise between Rs. 285.43-300.12 crore.

The IPO will be open for five days, closing on March 18, 2024. Retail subscribers can apply for a minimum of 20 shares, with a maximum subscription limit of Rs. 5 lakh. The shares are set to list on both BSE and NSE on March 21, 2024.

Krystal Integrated Services operates in the business support industry, which has become increasingly important as companies focus on core competencies and outsource various services. This sector often shows resilience during economic fluctuations due to the ongoing need for business support across industries.

Krystal Integrated Services IPO Details

IPO Size 300.13
Price Range ₹680 to ₹715
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE and BSE
Minimum Quantity 20
Investment (cut-off price) ₹14,300
Pre IPO Promotor Holding 99.99%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Krystal Integrated Services IPO Timelines

14/03/2024
Start Date
18/03/2024
End Date
19/03/2024
Allotment Date View Status
20/03/2024
Refund Initiation
20/03/2024
Credit of Shares to Demat Ac
21/03/2024
Listing Date

Krystal Integrated Services IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 20 ₹14,300
Retail Maximum 13 260 ₹185,900
S-HNI Minimum 14 280 ₹200,200
B-HNI Minimum 70 1400 ₹1,001,000

Krystal Integrated Services IPO Subscription Status

QIB NII Retail EMP Total
7.33 x 7.33 x 3.32 x -- 13.21 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹795 ₹712.30 ₹795 ₹703.05

Krystal Integrated Services IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹474.30 ₹464.89 ₹16.82
FY 2022 ₹554.86 ₹527.76 ₹26.28
FY 2023 ₹710.97 ₹671.94 ₹38.44
FY 2024 (9M) ₹455.67 ₹430.16 ₹20.59

About Company

Krystal Integrated Services Limited is a facilities management services provider, offering services to sectors like healthcare, education, public administration (state government entities, municipal bodies, and other government offices), airports, railways, metro infrastructure, and retail. As part of its facility management services and operating on a B2B model, the company offers soft services like housekeeping, sanitation, landscaping, and gardening, along with hard services such as mechanical, electrical, and plumbing services.

The company provides solid, liquid, and biomedical waste management, pest control, façade cleaning, and other services like production support, warehouse management, and airport management (including multi-level parking and airport traffic management).

Incorporation Date Sector Managing Director
2000 Business Support Neeta Lad

Know Before Investing

Krystal Integrated Services IPO Strengths

  • Diverse service offerings provide a comprehensive solution for customers’ needs.
  • Focused business model strategically aligns with favorable industry trends.
  • Established customer relationships across various sectors ensure recurring business.
  • Extensive geographic presence & efficient workforce enhance operational capabilities.
  • Strong financial performance history reflects scalability & agility of business model.
  • Consistent delivery of high-quality services underscores reliability & efficiency.

Krystal Integrated Services IPO Risks

  • Heavy reliance on a limited number of customers for revenue poses concentration risk.
  • Revenue dependence on government contracts through competitive bidding introduces uncertainty.
  • Vulnerability to adverse developments in key geographical regions impacts business stability.
  • Revenue concentration in few segments exposes susceptibility to market fluctuations.
  • Operational risks inherent in diverse service environments pose ongoing challenges.
  • Uncertainty surrounding growth potential in focus sectors like healthcare & education adds to risk factors.

Swot Analysis for Krystal Integrated Services IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

Krystal Integrated Services Limited Krystal House 15A 17 Shivaji Fort CHS, Duncans Causeway Road, Mumbai –400022, Phone: +912247471234 Email: [email protected] Websitehttps://krystal-group.com/

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

Company Details

Krystal Integrated Services Limited

Krystal House 15A 17
Shivaji Fort CHS, Duncans Causeway
Road, Mumbai –400022,

Phone: +912247471234

Email: [email protected]

Website: https://krystal-group.com/

IPO Registar Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

FAQs

The key objectives of Krystal Integrated Services IPO are:

  • Repayment/prepayment, in full or part, of certain borrowings availed of by their Company.
  • Funding working capital requirements of their Company.
  • Funding capital expenditure for purchase of new machinery.

Inga Ventures Pvt Ltd. is the book-running lead managers for the Krystal Integrated Services IPO.

Leave a Reply

Your email address will not be published. Required fields are marked *