Krystal Integrated Services Limited IPO : Key Updates

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 :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Krystal Integrated Services Limited IPObutton and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. 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.