Krystal Integrated Services is set to launch its Initial Public Offering (IPO) valued at Rs 300.13 crores. The IPO comprises a fresh issue of 0.24 crore shares, raising Rs 175 crores, and an offer for sale of 0.18 crore shares, amounting to Rs 125.13 crores.
Krystal Integrated Services IPO Subscription WindowThe bidding for the Krystal Integrated Services IPO commenced on March 14, 2024, and it will conclude on March 18, 2024.
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Krystal Integrated Services IPO Allotment DateThe allotment of Krystal Integrated Services IPO is expected to be finalised by Tuesday, March 19, 2024.
Krystal Integrated Services IPO Listing DateThe company’s shares are scheduled to be listed on both BSE and NSE, with a tentative listing date set for Thursday, March 21, 2024.
Krystal Integrated Services IPO Price BandThe investors have the opportunity to subscribe to the IPO within a price band of Rs 680 to Rs 715 per share. The minimum lot size for an application is 20 shares, requiring a minimum investment of Rs 14,300 for retail investors. Qualified Institutional Buyers (QIBs) can invest in a minimum lot size of 14 lots (280 shares), amounting to Rs 200,200, while Non-Institutional Investors (NIIs) can invest in a minimum lot size of 70 lots (1,400 shares), totaling Rs 1,001,000.
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Krystal Integrated Services IPO GMPAs per multiple websites that track the grey market premium activities, the shares of Krystal Integrated Services are commanding a GMP in the price range of Rs 30 – Rs 40 in the unlisted market.
Krystal Integrated Services Limited was founded in December 2000, specializes in providing comprehensive facilities management solutions. Their diverse services encompass housekeeping, sanitation, landscaping, mechanical, electrical, and plumbing services, alongside waste management, pest control, and façade cleaning. Additionally, they extend their expertise to production support, warehouse management, and airport services.
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Moreover, Krystal Integrated Services offers staffing solutions, payroll management, private security, manned guarding, and catering services, making them a one-stop solution for various facility management needs.
By March 31, 2023, the company had established a robust presence, serving 134 hospitals, 224 schools, operating in 2 airports, 4 railway stations, and 10 metro stations. They also catered to specific train services, demonstrating their versatility and wide-ranging capabilities.
The IPO is managed by Inga Ventures Pvt Ltd with Link Intime India Private Ltd as the registrar, offers investors an opportunity to be part of the company’s growth journey.
