Krystal Integrated Services was incorporated on December 1, 2000. It is one of India's leading integrated facilities management services companies, focusing on sectors such as healthcare, education, public administration (including state government entities, municipal bodies, and other government offices), airports, railways and metro infrastructure, and the retail sector. The company offers a comprehensive range of integrated facility management services across multiple sectors, making it one of the select companies in India with a wide geographic presence and customer base, catering to almost all end-user segments.
| Bidding Dates |
|---|
| 14 Mar 2024 - 18 Mar 2024 |
| Subscription |
|---|
| 13.21x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,600 | 1 | 13 | 20 | 4.2 M | ₹680 - ₹715 | 69.96 % | ₹2854.3 M - ₹3001.2 M | RHP DOC |
Krystal Integrated IPO SUBSCRIPTION STATUS
18 Mar '24Krystal Integrated IPO overall subscription rate was 13.21 times the total available shares
Krystal Integrated IPO retail subscription rate was 3.31 times in the retail segment
Krystal Integrated IPO non-institutional investor subscription rate was 43.9 times in the non-institutional investor category
Krystal Integrated IPO Qualified Institutional Bidder subscription rate was 7.33 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Mar 2024 (Day 3) | 3.31x | 43.9x | 7.33x |
15 Mar 2024 (Day 2) | 0.58x | 1.15x | 0.57x |
14 Mar 2024 (Day 1) | 0.34x | 0.43x | 0.33x |
Krystal Integrated FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 205.9 | 4,516.1 | -368.8 | -499.5 | 6.9% |
| FY23 | 384.4 | 7,076.4 | 717.8 | 681.5 | 7.7% |
| FY22 | 262.7 | 5,526.8 | 199.9 | 96.3 | 8.2% |
| FY21 | 168.2 | 4,712.9 | 79.6 | 34.5 | 6.4% |
Krystal Integrated IPO SUBSCRIPTION STATUS DETAILS
Krystal Integrated had 4.2 M shares on offer
Krystal Integrated IPO offer price was in the range ₹680 - ₹715
Krystal Integrated IPO minimum Investment was ₹13600
Krystal Integrated IPO issue size was ₹ 2854.3 M - ₹ 3001.2 M
Krystal Integrated had a minimum lot size of 20 Shares per application
Krystal Integrated NUMBER OF SHARES ON OFFER
Krystal Integrated IPO IMPORTANT DATES
| Issue Open Date | 14 Mar 2024 |
| Issue close Date | 18 Mar 2024 |
| Allotment Date | 19 Mar 2024 |
| Refund Date | 20 Mar 2024 |
| Demat Account Credit Date | 20 Mar 2024 |
| Listing Date | 21 Mar 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Krystal Integrated Allotment Status | Exchange |
Krystal Integrated IPO subscription opened on 14 Mar 2024, and closed on 18 Mar 2024
IPO allotment for Krystal Integrated was finalized on Tuesday, 19 Mar 2024
IPO listing for Krystal Integrated was on NSE and BSE on Thursday, 21 Mar 2024
Krystal Integrated IPO LISTING GAINS
| Issue Price (adjusted) | 715.0 |
| Listing Open Price | 785.0 |
| Listing Close Price | 712.9 |
| Listing Gain% | 9.8% |
| Current Gain% | -16.1% |
Krystal Integrated Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Krystal Integrated Services Ltd. | 600.2 | 838.7 | 13.7 | 0.4 | 0.6 | 12.9 | 7.6 | 1296.5 | 5.5 | 64.4 | 47.1 | 43.9 | 37.8 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Krystal Integrated INFORMATION ON IPO ISSUE
About Krystal Integrated
Krystal Integrated Services was incorporated on December 1, 2000. It is one of India's leading integrated facilities management services companies, focusing on sectors such as healthcare, education, public administration (including state government entities, municipal bodies, and other government offices), airports, railways and metro infrastructure, and the retail sector. The company offers a comprehensive range of integrated facility management services across multiple sectors, making it one of the select companies in India with a wide geographic presence and customer base, catering to almost all end-user segments.
Object of the Issue
- 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
- General corporate purposes
Krystal Integrated - PROMOTERS
| Name |
|---|
| Prasad Minesh Lad |
| Neeta Prasad Lad |
| Saily Prasad Lad |
| Shubham Prasad Lad |
| Krystal Family Holdings Private Limited |
Krystal Integrated Lead Manager of the Issue
Inga Ventures Private Limited
krystal.ipo@ingaventures.com
Krystal Integrated Registrar to the Offer
Link Intime India Private Limited
krystalintegrated.ipo@linkintime.co.in
Krystal Integrated Strengths
Track record
The company has a track record of executing large contracts and is among the select companies in India that qualify for and service large, multi-location government projects
Geographic presence
The company boasts a wide geographic presence and a large, efficient workforce, coupled with strong recruitment and training capabilities
Financial performance
The company's revenue from operations, total profit for the year (after tax), and EBITDA grew at a CAGR of 22.5%, 51.2%, and 34.6%, respectively, from FY21 to FY23
Krystal Integrated Risks
Intense competition
The industries in which the company operates are intensely competitive and, in certain instances, have low barriers to entry. Its inability to compete effectively may adversely affect the business
Legal proceedings
There are outstanding legal proceedings involving the company, its promoters, its subsidiaries, and directors. Any adverse decision in such proceedings may render them liable to liabilities/penalties and may adversely affect the business
Negative cash flows
The company has experienced negative cash flows from investing and financing activities in previous periods and cannot assure that it will not experience negative cash flows in future periods
IPO FAQs
This IPO consists of an offer for sale of up to Rs 125.1 crore, of 1,750,000 shares. It also consists of a fresh issue of Rs 175.0 crore.
The promoters of the company are Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad and Krystal Family Holdings Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 680.0 - 715.0.
The IPO application opens on Mar 14, 2024 and closes on Mar 18, 2024.
The minimum lot size for the IPO is 20. The maximum lot size for the IPO is 260.
For all category investors, the minimum application amount for this IPO is Rs. 13,600.0, the maximum value for this IPO is Rs 185,900.0.
This IPO will be allotted on Mar 19, 2024.
The refund will be credited to your account on Mar 20, 2024.
The allotted shares will be credited to your demat on Mar 20, 2024.
Krystal Integrated Services Ltd.’s shares listed on the stock exchanges on Mar 21, 2024.