Bookbuilding IPO | ₹300 Cr | Listed at BSE, NSE | Thu, Mar 14, 2024 - Mon, Mar 18, 2024
Krystal Integrated IPO is a book build issue of ₹300.12 crores. The issue is a combination of fresh issue of 0.24 crore shares aggregating to ₹175.00 crores and offer for sale of 0.18 crore shares aggregating to ₹125.13 crores.
Krystal Integrated IPO bidding started from Mar 14, 2024 and ended on Mar 18, 2024. The allotment for Krystal Integrated IPO was finalized on Mar 19, 2024. The shares got listed on BSE, NSE on Mar 21, 2024.
Krystal Integrated IPO price band is set at ₹715 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,300 (20 shares) (based on upper price). The lot size investment for sNII is 14 lots (280 shares), amounting to ₹2,00,200, and for bNII, it is 70 lots (1,400 shares), amounting to ₹10,01,000.
Inga Ventures Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Krystal Integrated IPO RHP for detailed Information.
IPO Open
Thu, Mar 14, 2024
IPO Close
Mon, Mar 18, 2024
Issue Price
₹715 per share
Market Cap (Pre-IPO)
₹998.99 Cr
| IPO Date | 14 to 18 Mar, 2024 |
| Listed on | Thu, Mar 21, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹680 to ₹715 |
| Issue Price | ₹715 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 41,97,552 shares (agg. up to ₹300 Cr) |
| Fresh Issue | 24,47,552 shares (agg. up to ₹175 Cr) |
| Offer for Sale | 17,50,000 shares of ₹10 (agg. up to ₹125 Cr) |
| Share Holding Pre Issue | 1,15,24,400 shares |
| Share Holding Post Issue | 1,39,71,952 shares |
| BSE Script Code / NSE Symbol | 544149 / KRYSTAL |
| ISIN | INE0QN801017 |
Krystal Integrated IPO offers total 41,97,552 shares. Out of which 20,98,775 (50.00%) allocated to QIB, 8,39,510 (20.00%) allocated to QIB (Ex- Anchor), 6,29,633 (15.00%) allocated to NII 14,69,144 (35.00%) allocated to RII and 12,59,265 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 20,98,775 (50.00%) | NA |
| − Anchor Investor Shares Offered | 12,59,265 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 8,39,510 (20.00%) | NA |
| NII (HNI) Shares Offered | 6,29,633 (15.00%) | NA |
| − bNII > ₹10L | 4,19,755 (10.00%) | 1,499 |
| − sNII < ₹10L | 2,09,878 (5.00%) | 749 |
| Retail Shares Offered | 14,69,144 (35.00%) | 73,457 |
| Total Shares Offered | 41,97,552 (100.00%) |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,300 |
| Retail (Max) | 13 | 260 | ₹1,85,900 |
| S-HNI (Min) | 14 | 280 | ₹2,00,200 |
| S-HNI (Max) | 69 | 1,380 | ₹9,86,700 |
| B-HNI (Min) | 70 | 1,400 | ₹10,01,000 |
Krystal Integrated IPO raises ₹90.04 crore from anchor investors. Krystal Integrated IPO Anchor bid date is March 13, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 13, 2024 |
| Shares Offered | 12,59,265 |
| Anchor Portion (₹ Cr.) | 90.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 18, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 17, 2024 |
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 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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 449.83 | 343.47 | 404.39 | 338.47 |
| Total Income | 455.67 | 710.97 | 554.86 | 474.31 |
| Profit After Tax | 20.56 | 38.41 | 26.15 | 16.65 |
| NET Worth | 183.68 | 163.41 | 163.86 | 136.08 |
| Reserves and Surplus | 170.09 | 155.27 | 156.04 | 129.76 |
| Total Borrowing | 103.36 | 47.99 | 72.55 | 65.31 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in full or part, of certain borrowings availed of by our Company | 10.00 |
| 2 | Funding working capital requirements of our Company | 100.00 |
| 3 | Funding capital expenditure for purchase of new machinery | 10.00 |
| 4 | General corporate purposes | 43.37 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 11.71% |
| ROCE | 16.97% |
| Debt/Equity | 0.58 |
| RoNW | 11.21% |
| PAT Margin | 4.56% |
| Price to Book Value | 4.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 33.33 | 29.42 |
| P/E (x) | 21.45 | 24.3 |
| Promoter Holding | 99.99% | |
| Market Cap | ₹998.99 Cr. |
The Krystal Integrated Services IPO is subscribed 13.49 times on March 18, 2024 6:21:00 PM (Day 3). The public issue subscribed 3.42 times in the retail category, 7.32 times in the QIB category, and 45.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.32 | 8,39,510 | 61,42,560 |
| NII | 45.23 | 6,29,633 | 2,84,75,760 |
| bNII (bids above ₹10L) | 52.07 | 4,19,755 | 2,18,55,400 |
| sNII (bids below ₹10L) | 31.54 | 2,09,878 | 66,20,360 |
| Retail | 3.42 | 14,69,143 | 50,18,040 |
| Total | 13.49 | 29,38,286 | 3,96,36,360 |
Total Application : 2,64,406
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager’s fees and commissions (including underwriting commission, brokerage and selling commission) | 7.90 |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Bank and fee payable to the Sponsor Bank for Bids made by RIBs | 0.91 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 0.46 |
| 4 | Fees payable to the Registrar to the Offer | 0.06 |
| 5 | Fees payable to the other advisors to the Offer | 1.62 |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.52 |
| 7 | Printing and stationery | 0.25 |
| 8 | Advertising and marketing expenses | 4.96 |
| 9 | Fee payable to legal counsels | 2.12 |
| 10 | Miscellaneous | 0.16 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹715.00 | ₹715.00 |
| Open | ₹795.00 | ₹785.00 |
| Low | ₹703.05 | ₹703.05 |
| High | ₹795.00 | ₹793.80 |
| Last Trade | ₹712.30 | ₹712.85 |
Lead Manager Reports
Krystal Integrated IPO is a main-board IPO of 41,97,552 equity shares of the face value of ₹10 aggregating up to ₹300 Crores. The issue is priced at ₹715 per share. The minimum order quantity is 20.
The IPO opens on Thu, Mar 14, 2024, and closes on Mon, Mar 18, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Krystal Integrated IPO using UPI as a payment gateway. Zerodha customers can apply in Krystal Integrated IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krystal Integrated IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krystal Integrated IPO opens on Thu, Mar 14, 2024 and closes on Mon, Mar 18, 2024.
Krystal Integrated IPO lot size is 20, and the minimum amount required for application is ₹14,300.
You can apply in Krystal Integrated IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Krystal Integrated IPO will be done on Tuesday, March 19, 2024, and the allotted shares will be credited to your demat account by Wed, Mar 20, 2024. Check the Krystal Integrated IPO allotment status.
The Krystal Integrated IPO listing date is on Thu, Mar 21, 2024.
