Krystal Integrated Services IPO GMP Today: The initial public offering of Krystal Integrated Services opened on March 14 and it is scheduled to close on March 18. For interested investors today is the last day to apply for the Krystal Integrated Services IPO. Know the latest details, including subscription status, grey market premium (GMP), price band, allotment, and more.
Krystal Integrated Services IPO Issue Details
The Krystal Integrated Services IPO is valued at Rs 300.13 crores, comprising a fresh issue of 0.24 crore shares worth Rs 175.00 crores and an offer for the sale of 0.18 crore shares amounting to Rs 125.13 crores.
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Krystal Integrated Services IPO Objective
The proceeds from the Fresh Issue will be utilized 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
The subscription window opened on March 14, 2024, and is scheduled to close on March 18 i.e. today.
Krystal Integrated Services IPO Subscription Status
Krystal Integrated Services IPO is oversubscribed by 1.98 times. the public issue witnessed a subscription rate of 1.03 times in the retail category, 0.60 times in QIB, and an impressive 6.05 times in the NII category as of March 18, 2024, at 11:05:00 AM.
Krystal Integrated Services IPO GMP Today: Check Latest GMP
According to various unlisted market tracking websites, the Grey Market Premium (GMP) of Krystal Integrated Services ranges from Rs 60 -Rs 64 per share.
Krystal Integrated Services IPO Price Band
The price band for the Krystal Integrated Services IPO is fixed at Rs 680 to Rs 715 per share.
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Krystal Integrated Services IPO Lot Size And Minimum Investment
The minimum lot size for the Krystal Integrated Services IPO application is 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.
Krystal Integrated Services IPO Allotment Date
The allotment for the Krystal Integrated Services IPO is expected to be finalized by Tuesday, March 19, 2024.
Krystal Integrated Services IPO Listing Date
The 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, and Link Intime India Private Ltd is the registrar for the issue.
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Krystal Integrated Services IPO Latest News
Krystal Integrated Services secured over Rs 90 crore from anchor investors just before its IPO opening.
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.
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.
