Krystal Integrated Services Limited is a company that provides facilities management services. The company offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing services, waste management, pest control, facade 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. The company 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.
As of March 31st, 2023, the company has 31,881 employees working on-site in various operations.
Krystal Integrated Services IPO – Details
| IPO Opening Date | 14 March 2024 |
| IPO Closing Date | 18 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 41,97,552 Shares Worth ₹300.13 Crore Fresh Issue: 24,47,552 Shares Worth ₹175.00 Crore Offer For Sale: 17,50,000 Shares Worth ₹125.13 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹680 – ₹715 |
| Market Lot | 20 Shares |
| Min Order | 20 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Krystal Integrated Services IPO – Date Schedule
| IPO Open Date | 14 March 2024 |
| IPO Close Date | 18 March 2024 |
| Basis of Allotment Date | 19 March 2024 |
| Initiation of Refund | 20 March 2024 |
| Credit of Shares to Demat Account | 20 March 2024 |
| IPO Listing Date | 21 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 18 March 2024 |
Krystal Integrated Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,300 |
| Retail (Max) | 13 | 260 | ₹1,85,900 |
| S-HNI (Min) | 14 | 280 | ₹2,00,200 |
| S-HNI (Max) | 69 | 1380 | ₹9,86,700 |
| B-HNI (Min) | 70 | 1400 | ₹10,01,000 |
Competitive Strengths
- Comprehensive range of service offerings providing one-stop solution to customers;
- Focused business model which is well-positioned to capture favorable industry dynamics;
- Longstanding relationship with customers across diverse sectors, with recurring business;
- Wide geographic presence with large and efficient workforce, coupled with strong recruitment and training capabilities;
- Historical track-record of strong financial performance.
Company Promoters
- Prasad Minesh Lad
- Neeta Prasad Lad
- Saily Prasad Lad
- Shubham Prasad Lad
- Krystal Family Holdings Private Limited
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 474.30 | 464.88 | 16.82 | 65.31 |
| 31 March 2022 | 554.85 | 527.75 | 26.27 | 72.55 |
| 31 March 2023 | 710.96 | 671.94 | 38.44 | 47.99 |
| 30 September 2023 | 455.67 | 430.15 | 20.58 | 103.35 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.71% |
| ROCE | 16.97% |
| Debt/Equity | 0.58 |
| RoNW | 11.21% |
| PAT Margin (%) | 4.56 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 17.84 | – |
| P/E (x) | – | – |
Object Of The Issue
- Repayment/prepayment, in full or part, of certain borrowings availed 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 IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Quess Corp Limited | 33.40 |
| 2 | 5 | SIS Limited | 18.97 |
| 3 | 10 | Updater Services Limited | 64.65 |
Krystal Integrated Services IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.96% |
Krystal Integrated Services IPO Prospectus
Company Contact Information
| 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@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Krystal Integrated Services IPO Lead Manager(s)
| 1. Inga Ventures Private Limited |
Krystal Integrated Services IPO FAQs
| What is Krystal Integrated Services IPO? Krystal Integrated Services IPO is a main-board IPO. The issue is priced at ₹680 to ₹715 per equity share. The IPO is to be listed on BSE & NSE. |
| When Krystal Integrated Services IPO will open? The IPO is to open on 14 March 2024 for QIB, NII, and Retail Investors. |
| What is Krystal Integrated Services IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Krystal Integrated Services IPO? You can apply Krystal Integrated Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Krystal Integrated Services IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Krystal Integrated Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Krystal Integrated Services IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Krystal Integrated Services“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Krystal Integrated Services IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Krystal Integrated Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Krystal Integrated Services IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Krystal Integrated Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Krystal Integrated Services IPO Size? Krystal Integrated Services IPO size is ₹300.13 Crore. |
| What is Krystal Integrated Services IPO Price Band? Krystal Integrated Services IPO Price Band is ₹680 to ₹715. |
| What is Krystal Integrated Services IPO Minimum and Maximum Lot Size? The minimum bid is 20 Shares with ₹14,300 amount while the maximum bid is 13 Shares with ₹1,85,900. |
| What is the Krystal Integrated Services IPO Allotment Date? Krystal Integrated Services IPO allotment date is 19 March 2024. |
| What is the Krystal Integrated Services IPO Listing Date? Krystal Integrated Services IPO listing date is 21 March 2024. The IPO is to list on BSE and NSE. |
