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Krystal Integrated Services Limited IPO (Krystal Integrated Services IPO) Detail

March 14, 2024 - March 18, 2024

Krystal Integrated Services IPO is a book built issue of Rs 300.13 crores. The issue is a combination of fresh issue of 0.24 crore shares aggregating to Rs 175.00 crores and offer for sale of 0.18 crore shares aggregating to Rs 125.13 crores.

Krystal Integrated Services IPO bidding started from March 14, 2024 and ended on March 18, 2024. The allotment for Krystal Integrated Services IPO was finalized on Tuesday, March 19, 2024. The shares got listed on BSE, NSE on March 21, 2024.

Krystal Integrated Services IPO price band is set at ₹680 to ₹715 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹14,300. The minimum lot size investment for sNII is 14 lots (280 shares), amounting to ₹200,200, and for bNII, it is 70 lots (1,400 shares), amounting to ₹1,001,000.

Inga Ventures Pvt Ltd is the book running lead manager of the Krystal Integrated Services IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Krystal Integrated Services IPO RHP for detailed information.

Krystal Integrated Services IPO Details

IPO Date March 14, 2024 to March 18, 2024
Listing Date March 21, 2024
Face Value ₹10 per share
Price Band ₹680 to ₹715 per share
Lot Size 20 Shares
Total Issue Size4,197,552 shares
(aggregating up to ₹300.13 Cr)
Fresh Issue2,447,552 shares
(aggregating up to ₹175.00 Cr)
Offer for Sale1,750,000 shares of ₹10
(aggregating up to ₹125.13 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue11,524,400
Share holding post issue13,971,952

Krystal Integrated Services IPO Reservation

Krystal Integrated Services IPO offers 4,197,551 shares. 839,510 (20.00%) to QIB, 629,633 (15.00%) to NII, 1,469,143 (35.00%) to RII and 1,259,265 (30.00%) to Anchor investors. 73,457 RIIs will receive minimum 20 shares and 749 (sNII) and 1,499 (bNII) will receive minimum 280 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered1,259,265 (30.00%)NA
QIB Shares Offered839,510 (20.00%)NA
NII (HNI) Shares Offered629,633 (15.00%)
  bNII > ₹10L419,755 (10.00%)1,499
  sNII < ₹10L209,878 (5.00%)749
Retail Shares Offered1,469,143 (35.00%)73,457
Total Shares Offered4,197,551 (100%)

Krystal Integrated Services IPO Anchor Investors Details

Krystal Integrated Services IPO raises Rs 90.04 crore from anchor investors. Krystal Integrated Services IPO Anchor bid date is March 13, 2024. Krystal Integrated Services IPO Anchor Investors list

Bid Date March 13, 2024
Shares Offered 1,259,265
Anchor Portion Size (In Cr.) 90.04
Anchor lock-in period end date for 50% shares (30 Days) April 18, 2024
Anchor lock-in period end date for remaining shares (90 Days) June 17, 2024

Krystal Integrated Services IPO Timeline (Tentative Schedule)

Krystal Integrated Services IPO opens on March 14, 2024, and closes on March 18, 2024.

IPO Open Date Thursday, March 14, 2024
IPO Close Date Monday, March 18, 2024
Basis of Allotment Tuesday, March 19, 2024
Initiation of Refunds Wednesday, March 20, 2024
Credit of Shares to Demat Wednesday, March 20, 2024
Listing Date Thursday, March 21, 2024
Cut-off time for UPI mandate confirmation 5 PM on March 18, 2024

Krystal Integrated Services IPO Lot Size

Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application 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
Lot Size Calculator

Krystal Integrated Services IPO Promoter Holding

The promoters of the Company, are Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad and Krystal Family Holdings Private Limited.
Share Holding Pre Issue 99.99%
Share Holding Post Issue

About Krystal Integrated Services Limited

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.

Krystal Integrated Services Limited Financial Information (Restated Consolidated)

Krystal Integrated Services Limited's revenue increased by 28.13% and profit after tax (PAT) rose by 46.89% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets449.83343.47404.39338.47
Revenue455.67710.97554.86474.31
Profit After Tax20.5638.4126.1516.65
Net Worth183.68163.41163.86136.08
Reserves and Surplus170.09155.27156.04129.76
Total Borrowing103.3647.9972.5565.31
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Krystal Integrated Services IPO is Rs 998.99 Cr.

KPI as of September 30, 2023.

KPI Values
ROE11.71%
ROCE16.97%
Debt/Equity0.58
RoNW11.21%
P/BV4.49
PAT Margin (%)4.56
Pre IPO Post IPO
EPS (Rs) 33.3329.42
P/E (x) 21.4524.3
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Krystal Integrated Services IPO Objectives)

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
  1. Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
  2. Funding working capital requirements of the Company;
  3. Funding capital expenditure for the purchase of new machinery; and
  4. General corporate purposes

Krystal Integrated Services IPO Review (Apply)

[Dilip Davda]  The company enjoys most preferred partner in many government projects for its integrated facilities management services and has over 73% of its revenue from Government Contracts. The company marked growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds in this IPO for the medium to long term rewards. Read detail review...


Krystal Integrated Services IPO Subscription Status (Bidding Detail)

The Krystal Integrated Services IPO is subscribed 13.49 times on March 18, 2024 6:21:00 PM. The public issue subscribed 3.42 times in the retail category, 7.32 times in the QIB category, and 45.23 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB7.32
NII45.23
    bNII (bids above ₹10L)52.07
    sNII (bids below ₹10L)31.54
Retail3.42
Total13.49

Total Application : 264,406 (3.60 times)

Krystal Integrated Services IPO Rating

9
3.6
Rating:Rated 3.6 stars
Vote Here ...

Krystal Integrated Services IPO Listing Details

Listing Date March 21, 2024
BSE Script Code 544149
NSE Symbol KRYSTAL
ISIN INE0QN801017
Final Issue Price ₹715 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹715.00
₹795.00
₹703.05
₹795.00
₹712.30
NSE
₹715.00
₹785.00
₹703.05
₹793.80
₹712.85

Check IPO Performance…

Krystal Integrated Services Limited Contact Details

Krystal Integrated Services Limited
Krystal House 15A 17
Shivaji Fort CHS, Duncans Causeway
Road, Mumbai –400022,
Phone: +912247471234
Email: company.secretary@krystal-group.com
Website: https://krystal-group.com/

Krystal Integrated Services IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: krystalintegrated.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Krystal Integrated Services IPO - Buy or Not

Krystal Integrated Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 1 0
Members 1 0 0

Read All Reviews Post Your Review Manage Reviews

Krystal Integrated Services IPO Lead Manager(s)

Krystal Integrated Services IPO FAQs

Krystal Integrated Services IPO is a main-board IPO of 4,197,552 equity shares of the face value of ₹10 aggregating up to ₹300.13 Crores. The issue is priced at ₹680 to ₹715 per share. The minimum order quantity is 20 Shares.

The IPO opens on March 14, 2024, and closes on March 18, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Krystal Integrated Services IPO using UPI as a payment gateway. Zerodha customers can apply in Krystal Integrated Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Krystal Integrated Services IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Krystal Integrated Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Krystal Integrated Services IPO opens on March 14, 2024 and closes on March 18, 2024.

Krystal Integrated Services IPO lot size is 20 Shares, and the minimum amount required is ₹14,300.

You can apply in Krystal Integrated Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Krystal Integrated Services IPO will be done on Tuesday, March 19, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 20, 2024. Check the Krystal Integrated Services IPO allotment status.

The Krystal Integrated Services IPO listing date is on March 21, 2024.
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Krystal Integrated Services IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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548 Comments

198. Silent lion |   Link |  Bookmark |April 1, 2024 5:56:53 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bhai log ye toh fire nikla... 🎊🎊🎊
197. I kHAN |   Link |  Bookmark |March 28, 2024 1:34:58 PM
Any reason for moment today
197.4. SJ❤️ |   Link |  Bookmark |March 29, 2024 2:49:57 PM
Good I sold my HNI YESTERDAY 😅 I am feeling it will move above 800 soon 🤞🤞
197.5. I kHAN |   Link |  Bookmark |April 1, 2024 2:20:38 PM
Me too Sold today :)
196. Vimal Garodia |   Link |  Bookmark |March 21, 2024 9:27:40 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Newgen sir has a horizontal line against his name AGAIN..🤔🤔
196.22. NATAKBAAJ |   Link |  Bookmark |March 23, 2024 1:40:21 AM
I support admin.

The member should be allowed only if he admits his mistake and assures not to repeat the same again.

No need to overhype someone who has been violating forum rules regularly and intentionally.

Personally, I didn't find any merit in his comments or suggestions except shareholder quota news in an IPO which turned out to be a blockbuster.

Many of his advises fell flat like KP Green, GPT , Jyoti CNC and many more.

He keeps on writing breaking news of opening closing dates of IPOs which are anyways available sooner or later on the forum.

He just want to promote his channel here.

Admin is supreme. Message is loud and clear
" Kaayde me rahoge to faayde me rahoge".

@Admin @ Chittorgarh.com  Plz don't allow this or any other member who breaks rules without written apology post by the member, and the admin should disclose the apology in this forum to all the viewers .
196.23. Chhote Lal |   Link |  Bookmark |March 26, 2024 8:17:34 AM
Top Contributor Top Contributor (1500+ Posts, 700+ Likes)
@Rakcyt  Kindly go through this thread.
195. S.S. |   Link |  Bookmark |March 21, 2024 11:25:03 PM
Those who r still holding allotment & who bought today please react here.

👇
195.2. Sanchit Jain |   Link |  Bookmark |March 22, 2024 10:39:30 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Holding the allotted 1 retail lot as transfer from minor demat to my teading account takes time..
Anyone using Zerodha for minors, have heard that it has allowed trading for minors, is it true?
195.3. G.S. |   Link |  Bookmark |March 23, 2024 1:40:45 PM
@Sanchit Jain Yes zerodha alllow to sell for minor
194. SJ❤️ |   Link |  Bookmark |March 21, 2024 2:51:47 PM
Oh God panic selling in this ipo making new lows
194.4. TRK |   Link |  Bookmark |March 21, 2024 10:21:32 PM
I hope market will open at green. So that it can have some upward momentum. But we all knows that market will be in red.
194.5. Param Patel |   Link |  Bookmark |March 21, 2024 10:58:12 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
@TRK Why market will open in red only because of gift nifty ? Second thing mostly operators have entered in this stock so tomorrow they might sell there stake so selling pressure can be seen it's just my views. All the best 👍🏻
193. Param Patel |   Link |  Bookmark |March 21, 2024 6:44:26 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Purely operated listing kuch aisi dikhti hai

193.1. Vikajay |   Link |  Bookmark |March 21, 2024 8:57:35 PM
Aisa bulk deal nahi dekha kabi. Issue size was only 300 cr.
192. PKRAJ |   Link |  Bookmark |March 21, 2024 2:09:48 PM
Congratulations to those members who sold in pre open. I had not applied, so no tension. Was not comfortable with pricing and sector. But who dare to apply and sold, salute. Today's positive market gave good listing. But there after all negative. Still I don't believe in this Company. Even not good for long term. Why this only. Very very good companies are available for investment. My personal views only.
Make the best use of last 10 days of current financial year.
191. vsvs |   Link |  Bookmark |March 21, 2024 1:48:07 PM
New Member New Member
IPO ALLOTED BUT GPAY PAYMENT NOT DEBITED. SAVING ACCOUNT IN SBI. ANYBODY WITH SAME PROBLEM?
191.1. Vimal Garodia |   Link |  Bookmark |March 21, 2024 1:55:18 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
@vsvs Sometines, they debit it a bit late. Sometimes they remove hold on funds, but, keep the required funds in Ac. They will do it later..
191.2. vsvs |   Link |  Bookmark |March 21, 2024 2:00:35 PM
New Member New Member
@Vimal Garodia Ok. Thank you
190. Thiagarajan Ramasamy |   Link |  Bookmark |March 21, 2024 11:39:49 AM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Total shares available for trading is only about 30 lakhs. Will hold the allotted 2 retail lots for about a week or two , to exit at a better price. when operators corner sizable quantity price may go up.
190.3. Param Patel |   Link |  Bookmark |March 21, 2024 1:37:46 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
You might be wrong here because almost 80% of freefloat is marked for delivery so according to your logic stock should have started upward movement as operator got more than enough shares but stock is now only 0.5% up from issue price
190.4. DILIPKUMAR H CHAUDHARI |   Link |  Bookmark |March 21, 2024 1:44:10 PM
Ready for O premium
189. Thiagarajan Ramasamy |   Link |  Bookmark |March 21, 2024 12:11:31 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
About 10 lac shares changed hands at NSE in Pre open at 785 , which is about 1/3rd of total available 30 lac shares. Continuous slide in normal market after 10 am is quite puzzling and defying logic.
188. diwan kapoor |   Link |  Bookmark |March 21, 2024 10:45:00 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Sold 5 Retail allotments in pre opening.. @785
188.1. Tejas Pandya |   Link |  Bookmark |March 21, 2024 11:40:30 AM
IPO Guru IPO Guru (2300+ Posts, 1900+ Likes)
@diwan kapoor Bola tha positive hi khulega . profit mubaarak..
188.2. diwan kapoor |   Link |  Bookmark |March 21, 2024 11:45:04 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
@Tejas Pandya Ji bhai.. Aap galat kaisey hi saktey ho.. 😊
Applying purpose achieved..With your wishes..
Thanks Bandhu 🥀🥀
187. Alokblr |   Link |  Bookmark |March 21, 2024 11:28:58 AM
I still hold 1 bhni lot of Krystal. Shall i sell it in current price or wait for it to move up?
186. IPOTraders |   Link |  Bookmark |March 21, 2024 7:36:30 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
After back to back 4 negative listing in main board issues, can we expect a positive listing in Krystal.
Lets hope so, though I have not applied.
186.1. Smile✍️ |   Link |  Bookmark |March 21, 2024 8:00:53 AM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Today global market is in 💚 shade so hopefully excellent condition for new listing
Best wishes to all alloties

186.2. IPOTraders |   Link |  Bookmark |March 21, 2024 11:03:11 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Finally a positive listing released some pressure from IPO applicants.
Hope to earn good in remaining in this FY
185. Dhiraj Ramchandani |   Link |  Bookmark |March 21, 2024 10:08:44 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
1 Lot sold at 795 in morning. Holding one lot for short term period.
185.1. Vbhav |   Link |  Bookmark |March 21, 2024 10:21:58 AM
280 x 795 target done ... Sold out all
185.2. Dhiraj Ramchandani |   Link |  Bookmark |March 21, 2024 10:50:44 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@Vbhav: Great to book profits, if that was the purpose of applying :-)
184. Boring Investor |   Link |  Bookmark |March 21, 2024 9:49:01 AM (200+ Posts)
Groww executed pre-open order
184.1. Redhu Jind |   Link |  Bookmark |March 21, 2024 10:39:16 AM (200+ Posts)
Grow started pre-open orders ?

anyone else tried the same in GROW ??
183. Alien |   Link |  Bookmark |March 21, 2024 10:05:37 AM
EXITED AT 783 1 SHIN LOT ( TOO BE HONEST EXPECTED NAHI THA )
182. TheFundedFools |   Link |  Bookmark |March 21, 2024 9:47:12 AM
Do anyone use upstox?...Probably There is a glitch in app, new listings did not show in holding many times on listing day
182.4. TheFundedFools |   Link |  Bookmark |March 21, 2024 9:59:59 AM
@svh Thanks sir, downloading now
182.5. Vbhav |   Link |  Bookmark |March 21, 2024 10:01:52 AM
It was showing strong at bse so i put order there only...

But upstox have some technical issue..... Many times before i face these issue...
181. IPO.RIKI |   Link |  Bookmark |March 21, 2024 9:56:22 AM (200+ Posts)
Exit or hold final call...
180. G profit |   Link |  Bookmark |March 21, 2024 9:52:07 AM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
Reasonable listing in mainboard after some consecutive failures . Best wishes to all allottees
179. TheFundedFools |   Link |  Bookmark |March 21, 2024 9:48:50 AM
Settled around 10% gain