Krystal Integrated Services Limited IPO Detail

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.

Company Promoters

Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad and Krystal Family Holdings Private Limited.

IPO Details

IPO Opening Date	Mar 14, 2024
IPO Closing Date	Mar 18, 2024
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹680 - 715 per equity share
Market Lot	20 Shares
Min Order Quantity	20 Shares
Listing At	BSE, NSE
Issue Size	₹300.13 Cr
Fresh Issue	₹175.00 Cr
Offer for Sale	₹125.13 Cr
Retail Portion	35%

IPO Subscription (Bidding Detail)

AS On	QIB	SHNI	BHNI	NII	RII	TOTAL
Day 1	0.33x	0.23x	0.56x	0.45x	0.37x	0.38x
Day 2	0.57x	0.57x	1.50x	1.19x	0.60x	0.72x
Day 3	7.32x	31.54x	52.07x	45.23x	3.42x	13.49x

IPO Tentative Timetable

The Krystal Integrated Services Limited IPO open date is Mar 14, 2024, and the close date is Mar 18, 2024. The issue may list on Mar 21, 2024.

IPO Open Date	Mar 14, 2024
IPO Close Date	Mar 18, 2024
Basis of Allotment Date	Mar 19, 2024
Initiation of Refunds	Mar 20, 2024
Credit of Shares to Demat Account	Mar 20, 2024
IPO Listing Date	Mar 21, 2024

IPO Lot Size

The Krystal Integrated Services Limited IPO market lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹185900).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	20	₹14300
Maximum	13	260	₹185900

IPO Promoter Holding

Pre Issue Share Holding	99.99%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year	Total Assets	Total Revenue	Profit After Tax
31-Mar-21	338.47	474.31	16.65
31-Mar-22	404.39	554.86	26.15
31-Mar-23	343.47	710.97	38.41
30-Sep-23	449.83	455.67	20.56

Objects of the Issue:

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
Funding working capital requirements of the Company;
Funding capital expenditure for the purchase of new machinery; and
General corporate purposes

Krystal Integrated Services Limited IPO Registrar:

Link Intime India Private Ltd

Krystal Integrated Services Limited IPO Lead Manager(s):

Inga Ventures Pvt Ltd

Company Contact Information:

Krystal Integrated Services Limited

Krystal House 15A 17

Shivaji Fort CHS, Duncans Causeway

Road, Mumbai –400022,