Krystal Integrated Services IPO: Check Price Band, Issue Size & More

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by Sandip Das on 14 March 2024,  5 min read

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The initial public offering (IPO) for Krystal Integrated Services commenced its subscription phase on March 14, 2024, and is set to conclude on March 18, 2024. The IPO price has been set by the company at a range of Rs 680 to Rs 715 per equity share. Krystal Integrated Services aims to secure Rs 300.13 crore through this initial offering, with Rs 175 crore earmarked for the issuance of fresh shares.

About the company:

The company provides a range of service offerings. These include soft services such as housekeeping, sanitation, landscaping, and gardening. Additionally, they offer hard services like mechanical, electrical, and plumbing services. They also specialize in solid, liquid, and biomedical waste management, pest control, and façade cleaning. Moreover, they provide other services such as production support, warehouse management, and airport management services. Furthermore, the company offers staffing solutions and payroll management to its customers. Additionally, they provide private security and manned guarding services, as well as catering services.

Price Band

The company has set the IPO price at a range of Rs 680 to Rs 715 per equity share.

Also read: AVP Infracon IPO: Top Things to Know Before Subscribing to the Issue
Issue Size

The company targets to raise Rs 33.013 crore through this book build issue. Of the total amount of Rs 300.13 crore, the company anticipates Rs 175 crore from the issuance of fresh shares, while the remaining Rs 125.13 crore is allocated for the offer for sale (OFS).

IPO Reserve Portion
  • Qualified Institutional Buyers: 50% of the issue
  • Non-Institutional Investors: 15% of the issue
  • Retail Investors: 35% of the issue
Company Financials
Particulars (Rs million) Year ended March 31, 2023 Year ended March 31, 2022
Revenue from operations 7,076.36 5,526.76
Profit after Tax 384.44 262.74
Objectives of the Issue

The company will utilise the net proceeds from the IPO to address working capital requirements, finance capital expenditures, and cater to general corporate needs.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

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