The Krystal Integrated Services IPO, valued at Rs 300.13 crores, is a book-built issue comprising a fresh issue of 0.24 crore shares totaling Rs 175.00 crores and an offer for sale of 0.18 crore shares amounting to Rs 125.13 crores.
The subscription for the Krystal Integrated Services IPO commences on March 14, 2024, and concludes on March 18, 2024. Allotment results are anticipated to be announced by Tuesday, March 19, 2024. Krystal Integrated Services IPO is scheduled to be listed on both BSE and NSE, tentatively set for Thursday, March 21, 2024.
The price range for the Krystal Integrated Services IPO is established at ₹680 to ₹715 per share. Retail investors must invest a minimum of ₹14,300, with a minimum lot size of 20 shares per application. Substantial Non-Institutional Investors (sNII) are required to invest a minimum of ₹200,200, equivalent to 14 lots (280 shares), while Big Non-Institutional Investors (bNII) must invest at least ₹1,001,000, which equals 70 lots (1,400 shares).
Objective:-
The Offer comprises a Fresh Issue of up to ~ 2447552 Equity Shares, aggregating up to ₹ 175 crore by Company and an Offer for Sale of up to 1750000 Equity Shares aggregating up to ~₹ 125.13 Crore by the Selling Shareholders.
The company will not receive any proceeds from the Offer for Sale.
Net Proceeds from the Fresh Issue will be used for funding the following objects:
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 | ₹680 to ₹715 per share | ||||||||||
Lot Size | 20 Shares | ||||||||||
Total Issue Size | ₹300.13 Cr | ||||||||||
Fresh Issue | 2,447,552 shares (aggregating up to ₹175.00 Cr) | ||||||||||
Offer for Sale | 1,750,000 shares of ₹10 (aggregating up to ₹125.13 Cr) | ||||||||||
Issue Type | Book Built Issue IPO | ||||||||||
Listing At | NSE, BSE | ||||||||||
Share holding pre issue | 11,524,400 | ||||||||||
Share holding post issue | 13,971,952 |
Krystal Integrated Services IPO Lot Size |
|||||||||||
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 |
Krystal Integrated Services IPO Timeline (Tentative Schedule) |
|||||||||||
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 Reservation |
|||||||||||
Investor Category | Shares Offered | Reservation % | |||||||||
QIB Shares Offered | Not more than 50% of the Net Issue | - | |||||||||
Retail Shares Offered | Not less than 35% of the Net Issue | - | |||||||||
NII (HNI) Shares Offered | Not less than 15% of the Net Issue | - |
Krystal Integrated Services IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 99.99% | ||||||||||
Share Holding Post Issue | 82.47% |
Krystal Integrated Services IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed |
Krystal Integrated Services Limited is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration, airports, railways and metro infrastructure, and retail sectors.
Range of service offerings include soft services such as housekeeping, sanitation, landscaping and gardening, hard services such as mechanical, electrical and plumbing services, solid, liquid and biomedical waste management, pest control and façade cleaning and other services such as production support, warehouse management and airport management services. The company also provide staffing solutions and payroll management to customers, as well as private security and manned guarding services and catering services.
We provide services to key government customers in the healthcare, education, airport, railways and metro infrastructure sectors, including Maha Mumbai Metro Operation Corporation Limited and Education Department, Brihanmumbai Municipal Corporation.
As of September 30, 2023, they have provided their services to 135 hospitals and medical colleges, 228 schools and colleges, one airport, four railway stations and 30 metro stations, along with catering services on certain trains/ train routes.
They serves 309 customers across 2,160 customer locations, with a workforce of 39,900 employee personnel, as of 30th Sep’23, having 21 branch offices and two warehouses located in 16 states and two union territories in India. Apart from this they also have a training center in Vashi to train security guards, house keepers and facility attendants employed by company, as well as area managers and supervisors.
In Fiscal 2023, the outsourced integrated facility management market in India was estimated to be worth ₹ 980.8 billion growing at a CAGR of 14.6% between FY23 - 28, with a potential market size of ₹ 1,935.88 billion. Public administration, industrial, commercial offices, healthcare, educational institutions, railways and metro, and airports are the top end user segments.
Rapid urbanization, growth in tourism and service sectors are driving the demand for commercial spaces in India. Increasing high-rise buildings and shared spaces are the current trends in the commercial office segment and these are expected to drive the demand for facility management services in this segment.
The staffing and payroll management services market size in Fiscal 2023 is estimated at ₹ 729 billion. Investments in end user industries such as IT/ITeS, banking, manufacturing, retail, telecom etc. and the increase in outsourcing from the government sector drive at a CAGR of 20.1% from FY23 - 28 and reach ₹1823.05 billion. The private security and manned guarding services market in India is valued at ₹1,500 billion in Fiscal 2023 and is expected to grow at a CAGR of 20.0% from FY23 - 28 reaching ₹ 3,740.26 billion.
Risk:-
Period Ended | 30th Sep 2023 | 31st Mar 2023 | 31st Mar 2022 | 31st Mar 2021 |
---|---|---|---|---|
Reserve of Surplus | 172.16 | 157.65 | 158.093 | 130.313 |
Total Assets | 449.827 | 343.468 | 404.385 | 338.47 |
Total Borrowings | 103.359 | 47.992 | 72.551 | 65.311 |
Fixed Assets | 77.943 | 78.218 | 69.477 | 69.836 |
Cash | 26.374 | 19.165 | 23.365 | 23.272 |
Net Borrowing | 76.985 | 28.827 | 49.186 | 42.039 |
Revenue | 451.608 | 707.636 | 552.676 | 471.289 |
EBITDA | 30.996 | 54.509 | 45.457 | 30.105 |
PAT | 20.585 | 38.444 | 26.274 | 16.824 |
EPS | 17.84 | 33.33 | 22.69 | 14.45 |
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | 33.33 | ||||||||||
EPS Post IPO (Rs.) | 29.42 | ||||||||||
P/E Pre IPO | 21.45 | ||||||||||
P/E Post IPO | 24.3 | ||||||||||
ROE | 23.18% | ||||||||||
ROCE | 28.82% | ||||||||||
P/BV | 4.49 | ||||||||||
Debt/Equity | 0.58 | ||||||||||
RoNW | 28.82% |
Krystal Integrated Services Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Quess Corp Ltd. | 14.6 | 9.39% | 7.37% | 30.6 | 2.63 | 0.36 | 9.39% | ||||
SIS Ltd. | 20.2 | 10.6% | 15.6% | 22.1 | 2.63 | 0.70 | 10.6% | ||||
Updater Services Ltd. | 6.7 | 16.8% | 12.4% | 40.2 | 2.62 | 0.33 | 16.8% | ||||
Krystal Integrated Services Limited | 33.33 | 28.82% | 23.18% | 21.45 | 4.49 | 0.58 | 28.82% |
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/
Link Intime India Pvt. Ltd.
Address: C - 101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West,
Mumbai 400 083, Maharashtra, India
Phone: +91-22-4918 6270
Email: krystalintegrated.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Krystal Integrated Services Ltd. (KISL) is a top facilities management company in India, focusing on sectors like healthcare, education, and government infrastructure. Over the past three years, its consolidated income and profit have shown steady growth, reaching Rs. 710.97 cr. and Rs. 33.77 cr. respectively in FY23. With an average EPS of Rs. 14.45 and RoNW of 19.17%, KISL's IPO is priced at a P/BV of 4.49 (pre-IPO NAV) and 2.95 (post-IPO NAV). With 73% revenue from government contracts, KISL presents growth potential, though its FY24 earnings suggest the issue is fully priced. Long-term investors may consider subscribing for potential rewards
FNO Stocks with CA Abhay
Equity Investment with CA Abhay
Equity Trading with CA Abhay
Option Trading with CA Abhay
Stock Market Masterclass
FNO Stocks with CA Abhay
Equity Trading with CA Abhay
Equity Investment with CA Abhay
Stock Market Masterclass
Option Trading with CA Abhay
Copyright @2020 Design & Developed by Info Web Software