Krystal Integrated Services IPO bidding started from March 14, 2024 and ended on March 18, 2024. The allotment for Krystal Integrated Services IPO was finalized on Tuesday, March 19, 2024. The shares got listed on BSE, NSE on March 21, 2024.
IPO Size: 4,197,552 shares (300.12 Cr) Fresh Issue: 2,447,552 shares (175.00 Cr) Offer for Sale (OFS): 1,750,000 shares (125.13 Cr) Subscription Dates: March 14, 2024 to March 18, 2024 Expected Allotment: Tuesday, March 19, 2024 Listing Date (Tentative): March 21, 2024 Price Band: ₹680 to ₹715 per share Retail Investors: ₹.14,300 (20 shares) Small HNI : ₹.200,200(14 lots, 280 shares) Big HNI : ₹.1,001,000(70 lots, 1400 shares)
| IPO Date | March 14, 2024 to March 18, 2024 |
| Listing Date | March 21, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹680 to ₹715 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 4,197,552 shares (aggregating up to ₹300.12 Cr) |
| Fresh Issue | 2,447,552 (aggregating up to ₹175.00 Cr) |
| Offer for Sale | 1,750,000 shares of ₹10 (aggregating up to ₹125.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 11,524,400 |
| Share holding post issue | 13,971,952 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,259,266 (30%) |
| QIB Shares Offered | 839,510 (20%) |
| NII (HNI) Shares Offered | 629,633 (15%) |
| bNII > Rs.10L | 419,755 (10%) |
| sNII < Rs.10L | 209,878 (5%) |
| Retail Shares Offered | 1,469,143 (35%) |
| Total Shares Offered | 4,197,552 (100%) |
The Krystal Integrated Services Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).
| Investor Category | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 839,510 | 6,142,560 | 439.19 | 7.32 |
| Non-Institutional Buyers | 629,633 | 28,475,760 | 2,036.02 | 45.23 |
| bNII (bids above ₹10L) | 419,755 | 21,855,400 | 1,562.66 | 52.07 |
| sNII (bids below ₹10L) | 209,878 | 6,620,360 | 473.36 | 31.54 |
| Retail Investors | 1,469,143 | 5,018,040 | 358.79 | 3.42 |
| Others | ||||
| Total** | 2,938,286 | 39,636,360 | 2,834.00 | 13.49 |
Krystal Integrated Services Limited IPO raises ₹ 90.04 crore from anchor investors. Krystal Integrated Services Limited IPO Anchor bid date is March 13, 2024. Krystal Integrated Services Limited IPO Anchor Investors list
| Bid Date | March 13, 2024 |
| Shares Offered | 1259265 |
| Anchor Portion Size (In Cr.) | 90.04 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 17, 2024 |
Krystal Integrated Services Limited IPO opens on March 14, 2024 and closes on March 18, 2024.
| IPO Open Date | Thursday, March 14, 2024 |
| IPO Close Date | Monday, March 18, 2024 |
| Basis of Allotment* | Tuesday, March 19, 2024 |
| Initiation of Refunds* | Wednesday, March 20, 2024 |
| Credit of Shares to Demat* | Monday, May 20, 2024 |
| Listing Date* | Thursday, March 21, 2024 |
| Cut-off time for UPI mandate confirmation | 04:30 pm, March 18, 2024 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹ 14,300 |
| Retail (Max) | 13 | 260 | ₹ 185,900 |
| S-HNI (Min) | 14 | 280 | ₹ 200,200 |
| S-HNI (Max) | 69 | 1380 | ₹ 986,700 |
| B-HNI (Min) | 70 | 1400 | ₹ 1,001,000 |
The promoters of the company are Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad and Krystal Family Holdings Private Limited.
| Share Holding Pre Issue | 99.99% |
Incorporated in December 2000, Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management.
The company offers staffing, payroll management, private security, manned guarding, and catering services.
As of March 31, 2023, the company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations. They also offered catering on some trains.
The company served 262 customers in 2021, 277 in 2022, and 326 in 2023.
As of March 31, 2023, the company served 2,427 customer locations across 14 states and one union territory in India..
As of March 31, 2023, the company has set up 21 branches to expand its geographical reach.
The revenue from operations, total profit for the year (after tax), and EBITDA grew at a compound annual growth rate of 22.54%, 51.17%, and 34.56%, respectively, from Fiscal 2021 to Fiscal 2023.
As of March 31st, 2023, the company has 31,881 employees working on-site in various operations.
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
Krystal Integrated Services Limited
Krystal House 15A 17
Shivaji Fort CHS, Duncans Causeway
Road, Mumbai –400022,
Phone: +912247471234
Email: company.secretary@krystal-group.com
Website: https://krystal-group.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: krystalintegrated.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
| Listing Date | March 21, 2024 |
| BSE Script Code | 544149 |
| NSE Symbol | KRYSTAL |
| ISIN | INE0QN801017 |
| Final Issue Price | ₹ 715 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 715 | ₹ 715 |
| Open | ₹ 785 | ₹ 795 |
| Low | ₹ 703.05 | ₹ 703.05 |
| High | ₹ 793.80 | ₹ 795 |
| Close Price | ₹ 712.85 | ₹ 712.30 |
Krystal Integrated Services Limited IPO is a main-board IPO of 4,197,552 equity shares of the face value of ₹ 10 aggregating up to ₹ 175 Crores. The issue is priced at ₹680 to ₹715 per share. The minimum order quantity is 20 Shares.
The Krystal Integrated Services Limited IPO opens on March 14, 2024 and closes on March 18, 2024.
Retail Investors: ₹.14,300 (20 shares) Small HNI : ₹.200,200(14 lots, 280 shares) Big HNI : ₹.1,001,000(70 lots, 1400 shares)
The finalization of Basis of Allotment for Krystal Integrated Services Limited IPO will be done on Tuesday, March 19, 2024, and the allotted shares will be credited to your demat account by Monday, May 20, 2024. Check the Krystal Integrated Services Limited IPO allotment status.