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10 March 2024

Krystal Integrated Services IPO: A Comprehensive Overview

Krystal Integrated Services, a prominent name in the facilities management sector, is making headlines with its forthcoming IPO. Scheduled to open for subscription from March 14, 2024, to March 18, 2024, this IPO signifies a pivotal moment for the company as it seeks to expand its operations and solidify its market presence. Here's everything you need to know about the Krystal Integrated Services IPO.

IPO Details

Attribute	Details
IPO Opening Date	March 14, 2024
IPO Closing Date	March 18, 2024
Allotment Date	March 19, 2024
Listing Date	March 21, 2024
Price Band	₹680 to ₹715 per share
Lot Size	20 Shares
Minimum Investment	₹14,300
Issue Size	4,197,552 shares, aggregating up to ₹300.13 Cr
Listing At	BSE, NSE

Lot Size & Investment Details

Application Type	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	1,380	₹986,700
B-HNI (Min)	70	1,400	₹1,001,000

Company Overview

Krystal Integrated Services is an industry leader in providing a wide range of facilities management services across various sectors. The company's services encompass housekeeping, sanitation, landscaping, gardening, and more. Krystal Integrated Services boasts a robust client base, including 134 hospitals, 224 schools, and significant infrastructure like airports and metro stations.

Financial Performance

The financial performance of Krystal Integrated Services underscores its growth trajectory and operational efficiency:

Financial Performance:

As of Sep 30, 2023	As of Sep 30, 2023	As of Mar 31, 2023	As of Mar 31, 2022
Revenue	₹455.67 Cr	₹710.97 Cr	₹554.86 Cr
Profit After Tax	₹20.56 Cr	₹38.41 Cr	₹26.15 Cr
Total Assets	₹449.83	₹343.47 Cr \|	₹343.47 Cr \| ₹404.39 Cr

Key Performance Indicators (KPIs)

Krystal Integrated Services stands out with its impressive KPIs, highlighting its profitability and efficient capital management:

KPI	Value
Return on Equity (ROE)	11.71%
Return on Capital Employed (ROCE)	16.97%
Debt to Equity Ratio	0.58
Return on Net Worth (RoNW)	11.21%
Price to Book Value (P/BV)	4.49
PAT Margin (%)	4.56%

IPO Objectives

The net proceeds from the IPO will be used towards:

● Repayment/prepayment of certain borrowings availed by the Company.
● Funding working capital requirements.
● Capital expenditure for purchasing new machinery.
● General corporate purposes.

IPO Review

The Krystal Integrated Services IPO comes at a time when the demand for integrated facilities management services is on the rise. With its extensive experience and broad service portfolio, the company is well-positioned to capture this growing market. The financials indicate a robust growth trajectory, making this IPO an attractive proposition for investors seeking medium to long-term rewards.

Subscription Status

The IPO has received a warm response from investors across categories, indicating strong market confidence:

Category	Subscription (times)
QIB	0.57
NII	1.19
bNII (> ₹10L)	1.50
sNII (< ₹10L)	0.57
Retail	0.60
Total	0.72

Conclusion

Krystal Integrated Services IPO presents a unique opportunity for investors to be part of a company that is a leader in the facilities management services sector. Given the company's strong fundamentals, growth trajectory, and the burgeoning demand for integrated services, this IPO could be a noteworthy addition to investment portfolios.

FAQs: Krystal Integrated Services IPO

What is an IPO?

An Initial Public Offering (IPO) is the process through which a private company offers shares to the public for the first time, transitioning into a publicly-traded company.This allows the company to raise capital from public investors.
What is Krystal Integrated Services?

Krystal Integrated Services is a company that specializes in providing integrated facility management services. These services often include cleaning, property maintenance, security services, and other support services essential for corporate, commercial, and residential facilities.
When is the Krystal Integrated Services IPO scheduled?

Please note that without specific dates or a prospectus reference, it's not possible to provide exact dates for the IPO. Typically, an IPO announcement will include a subscription period, which is the timeframe when investors can apply for shares.
What is the price band for the Krystal Integrated Services IPO?

The price band for an IPO is determined based on a valuation of the company's worth and its financial health. This range provides investors with an idea of how much they will have to pay to purchase shares. For Krystal Integrated Services, this information would typically be disclosed when the IPO is officially announced.
How many shares are being offered in the IPO?

The total number of shares being offered in an IPO is detailed in the company's prospectus, a document released to investors before the IPO. It outlines the specifics of the share offering, including the number of shares and their price range.
What is the lot size for the IPO?

The lot size refers to the minimum number of shares an investor can purchase in an IPO. The company and its financial advisors determine it based on the price band and the total number of shares offered.
What are the objectives of the IPO?

Companies go public for various reasons, including raising capital to fund growth, pay down debt, or provide liquidity to existing shareholders. The specific objectives for Krystal Integrated Services' IPO would be detailed in its prospectus.
Who are the book running lead managers and the registrar for the IPO?

The book running lead managers are responsible for managing the IPO process, including underwriting and ensuring regulatory compliance. The registrar handles the share allocation and IPO subscription process. These entities would be identified in the IPO announcement.
How can I apply for the Krystal Integrated Services IPO?

Investors can apply for an IPO through their brokerage accounts using the ASBA (Application Supported by Blocked Amount) process, where the application amount is blocked in the investor's bank account until shares are allocated.
What is the expected listing date for the IPO?

The expected listing date is when the shares of the company will start trading on a stock exchange. This date is usually announced once the IPO subscription period has ended and the final price has been determined.