Krystal Integrated Services IPO: Krystal Integrated Services Limited is launching a ₹300.13 crore IPO, which includes both fresh issue and offer for sale (OFS). The IPO will open on March 14, 2024, and remain open until March 18. The price band for the IPO has been set. In this article, we’ll explore details about Krystal Integrated Services IPO GMP, price band, Lot Size, allotment, Listing, Review, and more.
Key Details of Krystal Integrated Services IPO:
- Issue Size: The IPO is worth ₹300.13 crores, with a combination of fresh issue and offer for sale.
- Fresh Issue: The company will issue ₹175 crores worth of new shares.
- Offer for Sale: Krystal Family Holdings Private Limited will offer 1.75 million shares for sale.
- Price Band: The price band for Krystal Integrated Services IPO is set between ₹680 to ₹715 per share.
- Lot Size: The lot size for the IPO is 20 shares, and investors can bid in multiples of this lot size.
Allocation:
- Institutional Buyers: 50% of the IPO is reserved for qualified institutional buyers.
- Retail Investors: Retail investors can subscribe to 35% of the IPO.
- Non-Institutional Investors: 15% of the IPO is reserved for non-institutional investors.
Important Dates:
- IPO Open Date: March 14, 2024
- IPO Close Date: March 18, 2024
- Allotment Date: March 19, 2024
- Refund Initiation: March 20, 2024
- Listing Date: March 21, 2024
Use of Funds:
- The company plans to use ₹10 crores from the IPO proceeds to repay debts.
- Another ₹10 crores will be allocated for purchasing new machinery.
- ₹100 crores will fulfill working capital requirements.
- The remaining funds will be used for general corporate purposes.
About Krystal Integrated Services Ltd:
Krystal Integrated Services Limited started its operations in December 2000. It provides facility management services, operating on a B2B model. The company offers services like housekeeping, sanitation, landscaping, gardening, mechanical, electrical, plumbing, waste management, pest control, and facade cleaning. Additionally, it provides services in production support, warehouse management, and airport management. The company also offers staffing, payroll management, private security, human resource security, and catering services.
Krystal Integrated Services IPO Details
| Parameter |
Details |
| IPO Open Date |
March 14, 2024 |
| IPO Close Date |
March 18, 2024 |
| Allotment Date |
March 19, 2024 |
| Refund Initiation |
March 20, 2024 |
| Listing Date |
March 21, 2024 |
| Price Band |
₹680 to ₹715 per share |
| Lot Size |
20 shares |
| Issue Size |
₹300.13 Crores |
| Fresh Issue |
₹175 Crores |
| Offer for Sale |
₹125.13 Crores |
| Listing Platforms |
BSE, NSE |
Conclusion:
Krystal Integrated Services IPO presents an opportunity for investors to participate in the growth story of a well-established facility management company. With a diverse range of services and a strong track record, Krystal Integrated Services Limited aims to utilize the IPO proceeds to fuel its expansion and enhance operational capabilities. Investors keen on participating in this IPO should consider the price band, lot size, and allocation criteria before making investment decisions.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice or recommendation. Investing in IPOs involves inherent risks, and individuals should carefully consider their investment objectives, risk tolerance, and financial situation before making any investment decisions. The accuracy and completeness of the information presented cannot be guaranteed. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The author and the platform do not accept any liability for any loss or damage caused by reliance on the information provided herein.
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