Krystal Integrated Services Limited is set to launch its Initial Public Offering (IPO), a book-built issue of Rs 300.13 crores. The IPO is a combination of a fresh issue of 2,447,552 shares, aggregating to Rs 175.00 crores, and an offer for sale of 1,750,000 shares, aggregating to Rs 125.13 crores. Investors can subscribe to the IPO from March 14, 2024, to March 18, 2024.
The IPO’s price band is set at ₹680 to ₹715 per share, with a minimum lot size of 20 shares, requiring a minimum investment of ₹14,300 for retail investors. For S-NII (Super Non-Institutional Investors), the minimum lot size is 14 lots (280 shares), amounting to ₹200,200, and for B-NII (Bulk Non-Institutional Investors), it is 70 lots (1,400 shares), amounting to ₹1,001,000.
The issue, managed by Inga Ventures Pvt Ltd as the book running lead manager and Link Intime India Private Ltd as the registrar, is expected to be listed on both BSE and NSE, with a tentative listing date fixed for Thursday, March 21, 2024.
Krystal Integrated Services Limited, incorporated in December 2000, provides a wide range of facilities management services, including housekeeping, sanitation, landscaping, mechanical, electrical, and plumbing services, waste management, pest control, and more. The company also offers staffing, payroll management, private security, manned guarding, and catering services.
As of March 31, 2023, the company served a diverse clientele, including hospitals, schools, airports, railway stations, and metro stations, totaling 2,427 customer locations across 14 states and one union territory in India. With 21 branches, the company has expanded its geographical reach.
The financial performance of Krystal Integrated Services Limited indicates robust growth, with a compound annual growth rate (CAGR) of 22.54%, 51.17%, and 34.56% in revenue, total profit, and EBITDA, respectively, from Fiscal 2021 to Fiscal 2023. As of September 30, 2023, the company has 31,881 on-site employees.
The key performance indicators (KPI) as of September 30, 2023, reflect a market capitalization of Rs 998.99 Cr. Key metrics include Return on Equity (ROE) at 11.71%, Return on Capital Employed (ROCE) at 16.97%, Debt/Equity ratio at 0.58, Return on Net Worth (RoNW) at 11.21%, Price-to-Book Value (P/BV) at 4.49, and PAT Margin (%) at 4.56.
Investors can consider the company’s IPO for subscription, and the net proceeds from the fresh issue will be utilized for purposes such as loan repayment/prepayment, working capital requirements, capital expenditure for machinery purchase, and general corporate purposes.
For detailed information, investors can refer to the Krystal Integrated Services IPO DRHP and RHP prospectus. As the IPO progresses, potential investors should stay updated on the subscription status and other details through official channels and designated websites.
