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Krystal Integrated Services IPO

  • Status: Closed
  • RHP:
  • ₹ 13,600 / 20 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    21 Mar 2024

  • Listing Price

    ₹795.00

  • Listing Change

    11.19%

  • Last Traded Price

    ₹739.55

IPO Details

  • Open Date

    14 Mar 2024

  • Close Date

    18 Mar 2024

  • IPO Price Range

    ₹ 680 to ₹ 715

  • IPO Size

    ₹ 300.13 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    21 Mar 2024

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IPO Timeline

Krystal Integrated Services IPO Subscription Status

Last Updated: 18 March 2024 6:35 PM by 5Paisa

Krystal Integrated Services Limited IPO is set to open from 14th March to 18th March 2024. It is an integrated facilities management services company. The IPO includes a fresh issue of 2,447,552 shares worth ₹175 cr. and an Offer-for-Sale (OFS) of 1,750,000 worth ₹125.13 cr. The total IPO size is ₹300.13 cr. The share allotment date is 19th March 2024, and the IPO will be listed on 21st March 2024 on the stock exchanges. The price band is set at ₹680 to ₹715 and the lot size is 20 shares.   

Inga Ventures Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Krystal Integrated Services IPO:

The company proposes to utilize Net Proceeds from Fresh Issue towards funding following objects:

●    To repay or prepay in part or full borrowings obtained 
●    To fund the working capital requirements
●    To fund the need for capital expenditure to purchase new machinery
●    General corporate purposes
 

Krystal Integrated Services IPO Video

 

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 & plumbing services, waste management, pest control, façade cleaning, & other services such as production support, warehouse management, & airport management.

The company offers staffing, payroll management, private security, manned guarding, & catering services.
As of March 31, 2023, company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, & 10 metro stations. They also offered catering on some trains.

The company served 262 customers in 2021, 277 in 2022, & 326 in 2023.
As of March 31, 2023, company served 2,427 customer locations across 14 states & one union territory in India.
 

For More Information:
Webstory on Krystal Integrated Services IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 707.63 552.67 471.28
EBITDA 54.50 45.45 30.10
PAT 38.44 26.27 16.82
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 343.46 404.38 338.47
Share Capital 5.76 5.76 5.76
Total Borrowings 180.05 240.53 202.39
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 71.78 19.98 7.95
Net cash from / (used in) investing activities -32.00 -17.89 17.60
Net cash flow from / (used in) financing activities -30.89 -3.05 -26.77
Net increase (decrease) in cash and cash equivalents 8.88 -0.96 -1.20


Strengths

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

Risks

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

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FAQs

Krystal Integrated Services IPO opens from 14th March to 18th March 2024.
 

The size of Krystal Integrated Services IPO is ₹300.13 cr. 

To apply for Krystal Integrated Services IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the  Krystal Integrated Services IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Krystal Integrated Services is set at ₹680 to ₹715 per share.

The minimum lot size of Krystal Integrated Services IPO is 20 shares and the minimum investment required to apply for the IPO is ₹13,600.

The share allotment date of Krystal Integrated Services IPO is 19th March 2024.

The Krystal Integrated Services IPO will be listed on 21st March 2024.

Inga Ventures Private Limited is the book-running lead manager for Krystal Integrated Services IPO.

Krystal Integrated Services will use the proceeds from the listing for:

●    To repay or prepay in part or full borrowings obtained 
●    To fund the working capital requirements
●    To fund the need for capital expenditure to purchase new machinery
●    General corporate purposes