05-Mar-2024
2 mins read
Krystal Integrated Services IPO is likely to open for subscription in the current month. This upcoming IPO is a book built issue. The issue is a combination of fresh issue and offer for sale. The fresh issue comprises Rs 175 crore and an offer for sale of Rs 0.18 crore equity shares. The opening dates and closing dates of this new IPO are yet to be declared. The face value is decided at Rs 10 per share. Krystal Integrated Services IPO allotment dates are and other important details are yet to be announced. The listing will be on both the exchanges – National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The book-running lead manager of Krystal Integrated Services IPO is Inga Ventures Private Limited. The registrar for this latest IPO is Link Intime India Private Limited.
About Krystal Integrated Services Limited
Krystal Integrated Services was incorporated in December 2000, provides facilities management services. Company offers a wide range of services such as housekeeping, sanitation, gardening, mechanical, plumbing services, waste management, pet control, landscaping and other services. Company also offers services like production support, warehouse management and airport management. Krystal Integrated Services offers staffing, payroll management, catering services, manned guarding and private security. As of now, the company served 224 schools, 134 hospitals, 4 railway stations, 2 airports and 10 metro stations. Sometimes the company offers catering services on some trains. As per record, In March 2023, the company served 2427 customers across the 14 states. The company has set up 21 branches to expand its geographical reach. As of 31 March 2023, the company has 31,881 employees working on-site in various operations.
Objectives of Krystal Integrated Services IPO
The net proceeds from this latest IPO will be used for repayment or pre-payment of the certain borrowings availed by the company. Other than this, funds will be utilised for the working capital requirements of the company. Also, funds will be allocated for the purchase of new machinery and for meeting the general corporate purposes.
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Financials of Krystal Integrated Services Limited (Amt in Rs crores)
The company reported a revenue of Rs 710.97 crore and profit after tax of Rs 38.44 crore for the period ending on 31 March 2023. Company’s revenue increased by 28.13% and profit after tax increased by 46.32% between the FY ending 31 March 2023 and 31 March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 343.47 | 404.39 | 338.47 |
| Revenue | 710.97 | 554.86 | 474.31 |
| Profit After Tax | 38.44 | 26.27 | 16.82 |
| Net Worth | 163.41 | 163.86 | 136.08 |
| Reserves and Surplus | 155.27 | 156.04 | 129.76 |
| Total Borrowing | 47.99 | 72.55 | 65.31 |
Other Important Details of Krystal Integrated Services IPO
| IPO Date | Yet to be announced |
| Listing Date | Yet to be announced |
| Face Value | Rs 10 per share |
| Price | Yet to be announced |
| Lot Size | Yet to be announced |
| Total Issue Size | Yet to be announced |
| Fresh Issue | amounting to Rs 175 crores |
| Offer for Sale | 1,750,000 shares of Rs 10 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 11,524,400 |
Time-Table of Krystal Integrated Services IPO
| IPO Open Date | Yet to be announced |
| IPO Close Date | Yet to be announced |
| Basis of Allotment | Yet to be announced |
| Initiation of Refunds | Yet to be announced |
| Credit of Shares to Demat | Yet to be announced |
| Listing Date | Yet to be announced |
| Cut-off time for UPI mandate confirmation | Yet to be announced |
IPO Reservation of Krystal Integrated Services Limited
| Category Of Investors | Equity Shares Offered |
| Equity shares offered to Qualified Institutional Investors | Not more than 50 percent of the Net Issue |
| Equity shares offered to the Retail Investors | Not less than 35 percent of the Offer |
| Equity shares offered to Non-Institutional Investors | Not less than 15 percent of the Offer |
Promoters of Krystal Integrated Services Limited and Their Holdings
The promoters of Krystal Integrated Services company are Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad and Krystal Family Holdings Private Limited.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | – |
Key Performance Indicator of Krystal Integrated Services Limited IPO
| KPI | Values |
| ROE | 23.18% |
| ROCE | 28.82% |
| Debt/Equity | 0.31 |
| RoNW | 23.53% |
| PAT Margin | 5.43% |
Lead Manager(s) of Krystal Integrated Services IPO
The lead manager for Krystal Integrated Services IPO is Inga Ventures Private Limited.
How do you apply for the Krystal Integrated Services IPO?
Wait for the public issue to open for subscription, click here to apply for the Krystal Integrated Services Limited IPO with Bigul.
How do you check the allotment status of Krystal Integrated Services IPO?
The registrar for Krystal Integrated Services IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
- What is the Krystal Integrated Services IPO ?
Krystal Integrated Services IPO is likely to open for subscription in the current month. This upcoming IPO is a book built issue. The issue is a combination of fresh issue and offer for sale. The fresh issue comprises Rs 175 crore and an offer for sale of Rs 0.18 crore equity shares. Krystal Integrated Services IPO allotment dates are and other important details are yet to be announced.
- Who are the lead managers for the Krystal Integrated Services Limited IPO?
Inga Ventures Private Limited is appointed as the lead manager for the IPO.
- What is the role of Link Intime Private Limited in this IPO?
Link Intime Private Limited is the registrar for Krystal Integrated Services Limited, handling the IPO’s administrative aspects.
- How can I apply for the Krystal Integrated Services IPO?
The public subscription of this IPO will open soon. Click here to visit the website and begin the application process.
- How will the net proceeds from the IPO be utilised?
The net proceeds from this latest IPO will be used for repayment or pre-payment of the certain borrowings availed by the company. Other than this, funds will be utilised for the working capital requirements of the company. Also, funds will be allocated for the purchase of new machinery and for meeting the general corporate purposes.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Krystal Integrated Services Limited IPO 2024 by visiting here.
- What is the financial performance of Krystal Integrated Services Limited?
The company reported a revenue of Rs 710.97 crore and profit after tax of Rs 38.44 crore for the period ending on 31 March 2023. Company’s revenue increased by 28.13% and profit after tax increased by 46.32% between the FY ending 31 March 2023 and 31 March 2022.
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