Krystal Integrated Services IPO will open for subscription from 14 March 2024. The company aims for an issue size of ₹175 through this IPO.
Company Overview
| Full name | Krystal Integrated Services Limited |
| Sector | Other |
| Industry | Business Support |
| Company Website | https://krystal-group.com/ |
About Company
Krystal Integrated Services is a prominent player in India’s integrated facilities management services sector. The company caters to healthcare, education, public administration (including state government entities, municipal bodies, and other government offices), airports, railways, metro infrastructure, and retail sectors.
Krystal Integrated Services offers a range of services, including soft services like housekeeping, sanitation, landscaping, and gardening, as well as hard services like mechanical, electrical, and plumbing services. The company also specializes in waste management, pest control, façade cleaning, and additional services such as production support, warehouse management, and airport management.
Krystal Integrated Services extends its offerings to crucial government organizations. This includes providing services to entities such as Maha Mumbai Metro Operation Corporation Limited and the Education Department of the Brihan Mumbai Municipal Corporation. In the fiscal year 2023, revenue from government contracts totaled INR 521.28 crore, representing 73.66% of the overall revenue from operations. As of 31 March 2023, Krystal Integrated Services operates in 2,427 customer locations across 14 states and one union territory in India, supported by 21 branch offices nationwide.
The Objectives of the Issue
- Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
- Funding working capital requirements of the Company;
- Funding capital expenditure for the purchase of new machinery; and
- General corporate purposes
Krystal Integrated Services IPO Timetable
| IPO Opening date | 14 March 2024 |
| IPO Closing | 18 March 2024 |
| Basis of Allotment | 19 March 2024 |
| Initiation Refund | 20 March 2024 |
| Credit to Demat Account | 20 March 2024 |
| Listing Date | 21 March 2024 |
Krystal Integrated Services IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | Coming soon |
| Fresh Issue | ₹175.00 Cr |
| Offer for sale | 1,750,000 shares |
| Face value | ₹10 per share |
| Price Band Offer Price | Coming soon |
| Lot size | Coming soon |
| Market Maker portion | Coming soon |
| Shareholding pre-issue | 11,524,400 |
| Shareholding post-issue | Coming soon |
| Listing Exchange | BSE & NSE |
Krystal Integrated Services IPO Lot Size
Coming soon
Krystal Integrated Services IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Krystal Integrated Services Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 471.29 | 552.68 | 707.64 | 451.61 |
| Expenses | 464.89 | 527.75 | 671.95 | 430.16 |
| Net income | 16.65 | 26.15 | 38.41 | 20.56 |
| Margin (%) | 3.53 | 4.73 | 5.43 | 4.55 |
Krystal Integrated Services Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 14.45 | 22.69 | 33.33 |
| PE ratio | – | – | – |
| RONW (%) | 12.37 | 16.04 | 23.53 |
| NAV | 283.59 | 284.36 | 236.15 |
| ROCE (%) | 19.01 | 25.03 | 28.82 |
| EBITDA (%) | 6.39 | 8.22 | 7.70 |
| Debt/Equity | 0.50 | 0.45 | 0.31 |
Company Promoters
- Prasad Minesh Lad
- Neeta Prasad Lad
- Saily Prasad Lad
- Shubham Prasad Lad
- Krystal Family Holdings Private Limited.
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Krystal Integrated Services IPO Lead Manager(s)
INGA VENTURES PRIVATE LIMITED
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (East),
Mumbai, Maharashtra – 400069
Tel. No.: +91 022 6854 0808
Email: krystal.ipo@ingaventures.com
Website: www.ingaventures.com
Krystal Integrated Services IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: krystalintegrated.ipo@linkintime.co.in
Website: www.linkintime.co.in
Krystal Integrated Services Contact Details
KRYSTAL INTEGRATED SERVICES LIMITED
20th Floor, Kohinoor Square, Shivaji Park,
Dadar, Mumbai – 400028, Maharashtra, India
Phone: +9122 47471234
Email: company.secretary@krystal-group.com
Website: www.krystal-group.com
Krystal Integrated Services IPO Allotment Status
Krystal Integrated IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Krystal Integrated Services IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
