Krystal Integrated Services IPO Details
Issue Date
14 Mar - 18 Mar'24
Price Range
₹680 - ₹715
Lot Size
20
IPO Size
₹300.12 Cr
Krystal Integrated Services IPO Listing Details
Listing On
21 Mar'24
Issue Price
₹715
Listed Price
₹ 785
Retail Gain/Listing Gain
▲9.79%
Schedule of Krystal Integrated Services IPO
Start date
14/03/2024
End date
18/03/2024
Allotment of bids
Refund Initiation
20/03/2024
Listing on exchange
21/03/2024
Company Background
Krystal Integrated Services is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies and other government offices), airports, railways and metro infrastructure, and retail sectors (Source: F&S Report).
The company offers a wide range of facility management services in various sectors. These services include housekeeping, sanitation, landscaping, gardening, mechanical, electrical, plumbing, waste management (solid, liquid, and biomedical), pest control, and façade cleaning. Additionally, the company provides services like production support, warehouse management, airport management (including multi-level parking and traffic management), staffing solutions, payroll management, private security, manned guarding, and catering.
Competitive Strengths
A comprehensive range of service offerings providing a one-stop solution to customers
Their broad portfolio of services empowers them to provide a blend of service offerings and create custom solutions tailored to the specific needs of their customers. This enhances their capabilities in acquiring and retaining customers. Furthermore, as the requirements of their customers expand or change, they can offer additional services to meet those evolving needs.
Focused business model that is well-positioned to capture favourable industry dynamics
The company has a track record of executing significant contracts and is among the select companies in India that qualify for and handle large, multi-location government projects (Source: F&S Report). During Fiscals 2021, 2022, and 2023, as well as the six months ending on September 30, 2023, their revenue from government contracts totalled Rs. 3,271.12 million, Rs. 4,050.85 million, Rs. 5,212.75 million, and Rs. 3,444.33 million, respectively. These figures represent 69.41%, 73.30%, 73.66%, and 76.27% of their revenue from operations.
Track record of strong financial performance
The company’s revenue from operations grew at a CAGR of 22.54%, total profit for the year (after tax) at 51.17%, and EBITDA at 34.56% from Fiscal 2021 to Fiscal 2023. The company’s ROE has improved from 13.18% in Fiscal 2021 to 23.18% in Fiscal 2023 and to 11.71% in the six months ended September 30, 2023, while the ROCE has improved from 19.01% in Fiscal 2021 to 28.82% in Fiscal 2023 and to 16.97% in the six months ended September 30, 2023.
Risk Factors
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The company’s revenue from operations is highly dependent on a limited number of customers.
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A significant part of the revenue is generated from government contracts obtained through a competitive bidding process.
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A significant portion of the revenues are derived from a few geographical regions.
Key Strategies
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Retain, strengthen and grow the customer base.
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Strengthen operations across sectors by capitalising on growing industry opportunities and adopting a sector-wise focus.
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Focus on operational efficiency.
Krystal Integrated Services Ltd Key Financials
Here are the key financials for Krystal Integrated Services Ltd
How to apply for IPO through ASBA
Kotak Neo
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How To Apply for Krystal Integrated Services Ltd IPO?
Here are the steps to apply for Krystal Integrated Services Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Krystal Integrated Services IPO FAQs
The Krystal Integrated Services IPO opens for subscription from 14-03-2024 to 18-03-2024, with a total issue size of ₹300.12 Cr. The IPO price band is ₹680 to ₹715 per share with a lot size of 20. The company aims to list the shares on BSE & NSE on 21-03-2024.
The Krystal Integrated Services IPO will open for subscription on 14-03-2024 and will close on 18-03-2024 for investors.
The minimum lot size for the Krystal Integrated Services IPO is 20 equity shares, requiring a minimum investment of ₹14300 for retail investors applying in the IPO.
The price band of the Krystal Integrated Services IPO has been fixed at ₹680 to ₹715 per equity share.
You can apply for the Krystal Integrated Services IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Krystal Integrated Services IPO allotment will take place on [-].
You can check the Krystal Integrated Services IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Krystal Integrated Services shares will list on the stock exchanges on 21-03-2024.
You can find detailed information about the Krystal Integrated Services IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The Krystal Integrated Services Limited IPO has an issue size of Rs. 300.12 crores. The IPO opens for subscription on 14th March 2024 and closes on 18th March 2024.
Link Intime India Private Limited is the registrar for this IPO.
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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