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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 ₹715.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹13,600 (20 shares). 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 Date | March 14, 2024 to March 18, 2024 |
| Listing Date | March 21, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹680 to ₹715 per share |
| Issue Price Final | ₹715 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 41,97,552 shares (aggregating up to ₹300.12 Cr) |
| Fresh Issue | 24,47,552 shares (aggregating up to ₹175.00 Cr) |
| Offer for Sale | 17,50,000 shares of ₹10 (aggregating up to ₹125.13 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,15,24,400 shares |
| Share Holding Post Issue | 1,39,71,952 shares |
Krystal Integrated Services 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, 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 | Maximum 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%) |
Krystal Integrated IPO raises ₹90.04 crore from anchor investors. Krystal Integrated IPO Anchor bid date is March 13, 2024. Krystal Integrated IPO Anchor Investors list
| Bid Date | March 13, 2024 |
| Shares Offered | 12,59,265 |
| Anchor Portion Size (In Cr.) | 90.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 18, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 17, 2024 |
Krystal Integrated IPO opens on March 14, 2024, and closes on March 18, 2024.
| IPO Open Date | Thu, Mar 14, 2024 |
| IPO Close Date | Mon, Mar 18, 2024 |
| Tentative Allotment | Tue, Mar 19, 2024 |
| Initiation of Refunds | Wed, Mar 20, 2024 |
| Credit of Shares to Demat | Wed, Mar 20, 2024 |
| Tentative Listing Date | Thu, Mar 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 18, 2024 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Krystal Integrated Services Limited's revenue increased by 28.13% and profit after tax (PAT) rose by 46.89% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 market capitalization of Krystal Integrated IPO is ₹998.99 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 33.33 | 29.42 |
| P/E (x) | 21.45 | 24.3 |
[Dilip Davda] The company enjoys most preferred partner in many government projects for its integrated facilities management services and has over 73% of its revenue from Government Contracts. The company marked growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds in this IPO for the medium to long term rewards. Read detail review...
| Listing Date | March 21, 2024 |
| BSE Script Code | 544149 |
| NSE Symbol | KRYSTAL |
| ISIN | INE0QN801017 |
| Final Issue Price | ₹715 per share |
| BSE Listing Group | B |
Krystal Integrated Services Ltd.
Krystal House 15A 17
Shivaji Fort CHS, Duncans Causeway
Road, Mumbai –400022,
Mumbai, Maharashtra
Phone: +912247471234
Email: company.secretary@krystal-group.com
Website: https://krystal-group.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: krystalintegrated.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Krystal Integrated IPO is a main-board IPO of 41,97,552 equity shares of the face value of ₹10 aggregating up to ₹300.12 Crores. The issue is priced at ₹715 per share. The minimum order quantity is 20.
The IPO opens on March 14, 2024, and closes on March 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 March 14, 2024 and closes on March 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 Wednesday, March 20, 2024. Check the Krystal Integrated IPO allotment status.
The Krystal Integrated IPO listing date is on Thursday, March 21, 2024.
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