Krystal Integrated Services Limited IPOis set to launch on 14 March, 2024. The company initiated its business operations in the year 2000. It provides facilities management services to its clients. The services offered by the company includes housekeeping, landscaping, sanitation, mechanical, gardening, plumbing and electrical services. Some other services include waste management, facade cleaning, pest control, warehouse management, production support and airport management. It has successfully served 326 customers in the year 2023. The services offered by the company also include payroll management, staffing, manned guarding, private security and catering services. In total it has served over 2427 customers till date in 14 states and 1 union territory. It has an employee base of 31881 people and has a network of 21 branches.
Krystal Integrated Services Limited IPODETAILS
Krystal Integrated Services Limited IPOis set to launch on 14 March, 2024. The subscription timeline extends till 18 March, 2024. The size for the IPO is 300.13 Crore Rs. Shares issued through fresh issue mode are worth Rs 175 Crore. Shares issued through offer for sale mode are worth Rs 125.13 Crore. The lot size is 20 shares and the price is 680 Rs to 715 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Krystal Integrated Services Limited IPO
| IPO OPENING DATE | 14 March, 2024 |
| CLOSING DATE FOR IPO | 18 March, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 680 Rs. to 715 Rs. per share |
| LOT SIZE | 20 shares |
| MINIMUM ORDER QUANTITY | 20 shares |
| ISSUE SIZE | 300.13 Crore Rs. |
| OFFER FOR SALE | 125.13 Crore Rs. |
| FRESH ISSUE | 175 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 21 March, 2024 |
Krystal Integrated Services Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 14 March, 2024 |
| CLOSING DATE FOR IPO | 18 March, 2024 |
| IPO ALLOTMENT DATE | 19 March, 2024 |
| REFUNDS | 20 March, 2024 |
| DEMAT A/C CREDITED ON | 20 March, 2024 |
| IPO LISTING DATE | 21 March, 2024 |
Krystal Integrated Services Limited IPO begins for subscription from 14 March, 2024. The IPO subscription would continue till 18 March, 2024. The allotment status for the shareholders who applied would come on 19 March, 2024. The refunds for the ones who did not get allotment would be initiated on 20 March, 2024. The DEMAT accounts of shareholders would be credited on 20 March, 2024. The listing of the company would be completed on 21 March, 2024.
Krystal Integrated Services Limited IPO: Lead Managers
The lead managers are :
- Inga ventures Pvt Ltd
The minimum lot size for the company is decided at 20 shares. This holding accounts to 14300 Rs.. The maximum lot size is decided at 260 shares. This amounts to 185900 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 20 shares | 14300 Rs. |
| Maximum | 260 shares | 185900 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 338 | 404 | 343 |
| Revenue | 474 | 554 | 710 |
| PAT | 16 | 26 | 38 |
Krystal Integrated Services Limited had an asset base of 338 Crore Rs in 2021, 404 Crore Rs in 2022 and 343 Crore Rs in 2023. The revenue of the firm was 474 Crore Rs in 2021, 554 Crore Rs in 2022 and 710 Crore Rs in 2023. The profit of the company was recorded at 16 Crore Rs in 2021, 26 Crore Rs in 2022 and 38 Crore Rs in 2023.
PROS
- The services offered by the company includes housekeeping, landscaping, sanitation, mechanical, gardening, plumbing and electrical services.
- Some other services include waste management, facade cleaning, pest control, warehouse management, production support and airport management.
- It has successfully served 326 customers in the year 2023.
- The services offered by the company also include payroll management, staffing, manned guarding, private security and catering services.
- In total it has served over 2427 customers till date in 14 states and 1 union territory.
- It has an employee base of 31881 people and has a network of 21 branches.
Krystal Integrated Services Limited IPOApplication Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Krystal Integrated Services Limited IPObutton and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
