Krystal Integrated Services, established in 2000, is poised to make its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) through an Initial Public Offering (IPO). As a leading facilities management company, Krystal has outlined a strategic plan for the utilisation of IPO proceeds, focusing on debt repayment, bolstering working capital, acquiring machinery, and addressing general corporate requirements. This move is expected to fortify the company's financial standing and facilitate its expansion in facility management services.
| Parameter | Detail |
|---|---|
| IPO Open Date | March 14, 2024 |
| IPO Close Date | March 18, 2024 |
| Allotment Date | 19 Mar 2024 |
| Listing Date | March 21, 2024 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 680 to Rs. 715 per share |
| Lot Size | 20 Shares |
| Total Issue Size | ₹ 300.13 Cr |
| Fresh Issue | ₹ 175.00 Cr |
| Listing At | BSE, NSE |
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Krystal Integrated Services IPO subscription is open from March 14, 2024, to March 18, 2024. Share allotment is expected on March 19, 2024, and the IPO will go live on March 21, 2024. The price band for retail investors is Rs. 680 to Rs. 715 per share. Refer to this table for Krystal Integrated Services IPO details.
Krystal Integrated Services Pvt Ltd is a leading integrated facility management company in India, offering a comprehensive range of services tailored to meet the unique needs of each client. Focusing on quality and customer satisfaction, Krystal provides soft services like housekeeping, sanitation, landscaping, and hard services, including mechanical, electrical, and plumbing.
The company also specialises in waste management, pest control, and other services such as production support and airport management. Their integrated approach allows it to offer bundled solutions to customers across various sectors, including healthcare, education, and public administration. With a commitment to professionalism and growth, the company has established itself as one of the fastest-growing companies in the industry, providing services that contribute to India's development story.
Krystal Integrated Services Pvt Ltd has shown consistent financial growth, with a steady increase in operating profit margin from 7% to 9%. Revenue has grown at a compounded rate of 27% in the trailing twelve months (TTM). The following table gives an overview of Krystal Integrated Services' financial performance.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 449.83 | 343.47 | 404.39 | 338.47 |
| Revenue | 455.67 | 710.97 | 554.86 | 474.31 |
| Profit After Tax | 20.56 | 38.41 | 26.15 | 16.65 |
| Net Worth | 183.68 | 163.41 | 163.86 | 136.08 |
| Reserves and Surplus | 170.09 | 155.27 | 156.04 | 129.76 |
| Total Borrowing | 103.36 | 47.99 | 72.55 | 65.31 |
| Strengths | Weaknesses | ||
|---|---|---|---|
| Diversified customer base | Dependence on competitive government contracts | ||
| Success in securing government contracts through competitive bidding | Uncertain tender outcomes | ||
| Presence in specific regions like Maharashtra and Tamil Nadu | Revenue concentration in specific regions | ||
| Intense competition and potential market saturation in the Indian Integrated Facilities Management Market | |||
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The price band of the IPO is between Rs. 680 and Rs. 715.
The total value of Krystal Integrated Services Limited's IPO is Rs. 300 crore.
The minimum lot size for Krystal Integrated Services Limited's IPO is 20 shares. Retail investors can bid for a minimum of 20 equity shares and multiples of 20 after that.
The minimum investment required for the Krystal Integrated Services IPO is Rs 14,300 for retail investors.
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