Krystal Integrated Services IPO GMP: The initial public offering (IPO) of Krystal Integrated Services is set to open for subscription today i.e. on March 14. As the Krystal Integrated Services IPO opens today check subscription window dates, latest GMP, price band, allotment and other details.
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Krystal Integrated Services IPO Issue Details
Krystal Integrated Services IPO is valued at Rs 300.13 crores. This comprises a fresh issue of 0.24 crore shares totalling Rs 175.00 crores and an offer for the sale of 0.18 crore shares amounting to Rs 125.13 crores.
Krystal Integrated Services IPO Objective
Krystal Integrated Services plans to use the proceeds fund from the Fresh Issue for various purposes, including repaying or prepaying certain borrowings, meeting working capital needs, funding capital expenditure for new machinery, and addressing general corporate requirements.
Krystal Integrated Services IPO Subscription Window Opening Date
The subscription window of the Krystal Integrated Services IPO begins on March 14, 2024, i.e. today.
Krystal Integrated Services IPO Subscription Window Closing Date
Krystal Integrated Services IPO subscription window will be open for five days and closes on March 14, 2024.
Krystal Integrated Services IPO GMP Today: Check Latest GMP
According to the various unlisted market tracking websites. The grey market price (GMP) of Krystal Integrated Services is price at Rs 35 per share.
Krystal Integrated Services IPO Price Band
Krystal Integrated Services IPO price band is fixed at Rs 680 to Rs 715 per share.
Krystal Integrated Services IPO Lot Size And Minimum Investment
Krystal Integrated Services IPO application has a minimum lot size of 20 shares. Retail investors need a minimum investment of Rs 14,300. Qualified Institutional Buyers (QIBs) must invest a minimum of 14 lots (280 shares) amounting to Rs 2,00,200, while Non-Institutional Investors (NIIs) must invest at least 70 lots (1,400 shares), totalling Rs 1,001,000.
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Krystal Integrated Services IPO Allotment Date
Krystal Integrated Services IPO allotment is expected to be finalised by Tuesday, March 19, 2024
Krystal Integrated Services IPO Listing Date
Krystal Integrated Services IPO will be listed on both the BSE and NSE, with a tentative listing date set for Thursday, March 21, 2024.
Krystal Integrated Services IPO Book Running Lead Manager And Registrar
Inga Ventures Pvt Ltd is the book-running lead manager for the Krystal Integrated Services IPO, and Link Intime India Private Ltd is the registrar for the issue.
Krystal Integrated Services IPO Latest News
Krystal Integrated Services, a provider of facility management and security services, announced on Wednesday that it has secured over Rs 90 crore from anchor investors, just ahead of its IPO.
About Krystal Integrated Services
Krystal Integrated Services was established in December 2000, Krystal Integrated Services Limited specialises in comprehensive facilities management solutions, including housekeeping, sanitation, landscaping, and mechanical, electrical, and plumbing services. They also offer ancillary services like production support, warehouse management, and airport management, along with staffing, payroll management, private security, manned guarding, and catering.
According to the regulatory filing, they served 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations, with catering on select trains. With a growing clientele, they served 262 customers in 2021, 277 in 2022, and 326 in 2023, spanning 2,427 customer locations across 14 states and one union territory in India.
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The company has 21 branches to enhance its operational reach. Financially, from Fiscal 2021 to Fiscal 2023, they experienced robust growth, with revenue, profit after tax, and EBITDA showing compound annual growth rates of 22.54 per cent, 51.17 per cent, and 34.56 per cent, respectively.
