₹ 14300 / 20 shares
IPO Details
RHP/DRHPIssue Date
14 Mar - 18 Mar'24
Investment/lot
₹ 14300
Price Range
680 - 715
Lot Size
20
IPO Size
₹ 300.12 Cr
IPO Listing Details
Listing On
21 Mar'24
Issue Price
715
Listed Price
₹ 785
Retail Gain/Listing Gain
â–²9.79%
IPO Timeline
Company Background
Krystal Integrated Services is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies and other government offices), airports, railways and metro infrastructure, and retail sectors (Source: F&S Report).
The company offers a wide range of facility management services in various sectors. These services include housekeeping, sanitation, landscaping, gardening, mechanical, electrical, plumbing, waste management (solid, liquid, and biomedical), pest control, and façade cleaning. Additionally, the company provides services like production support, warehouse management, airport management (including multi-level parking and traffic management), staffing solutions, payroll management, private security, manned guarding, and catering.
Competitive Strengths
A comprehensive range of service offerings providing a one-stop solution to customers
Their broad portfolio of services empowers them to provide a blend of service offerings and create custom solutions tailored to the specific needs of their customers. This enhances their capabilities in acquiring and retaining customers. Furthermore, as the requirements of their customers expand or change, they can offer additional services to meet those evolving needs.
Focused business model that is well-positioned to capture favourable industry dynamics
The company has a track record of executing significant contracts and is among the select companies in India that qualify for and handle large, multi-location government projects (Source: F&S Report). During Fiscals 2021, 2022, and 2023, as well as the six months ending on September 30, 2023, their revenue from government contracts totalled Rs. 3,271.12 million, Rs. 4,050.85 million, Rs. 5,212.75 million, and Rs. 3,444.33 million, respectively. These figures represent 69.41%, 73.30%, 73.66%, and 76.27% of their revenue from operations.
Track record of strong financial performance
The company’s revenue from operations grew at a CAGR of 22.54%, total profit for the year (after tax) at 51.17%, and EBITDA at 34.56% from Fiscal 2021 to Fiscal 2023. The company’s ROE has improved from 13.18% in Fiscal 2021 to 23.18% in Fiscal 2023 and to 11.71% in the six months ended September 30, 2023, while the ROCE has improved from 19.01% in Fiscal 2021 to 28.82% in Fiscal 2023 and to 16.97% in the six months ended September 30, 2023.
Risk Factors
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The company’s revenue from operations is highly dependent on a limited number of customers.
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A significant part of the revenue is generated from government contracts obtained through a competitive bidding process.
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A significant portion of the revenues are derived from a few geographical regions.
Key Strategies
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Retain, strengthen and grow the customer base.
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Strengthen operations across sectors by capitalising on growing industry opportunities and adopting a sector-wise focus.
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Focus on operational efficiency.
Krystal Integrated Services Ltd Key Financials
Here are the key financials for Krystal Integrated Services Ltd
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Krystal Integrated Services Ltd IPO?
Here are the steps to apply for Krystal Integrated Services Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Krystal Integrated Services IPO FAQs
When is Krystal Integrated Services IPO listing date?
Krystal Integrated Services IPO will list on 2024-03-21.
What is the issue size of Krystal Integrated Services IPO?
300.12 is the issue size of Krystal Integrated Services IPO.
What is the minimum lot size required for Krystal Integrated Services IPO?
The minimum lot size is 20 shares and the investment required is ₹14300.
What is the price band of the Krystal Integrated Services IPO?
The price band of Krystal Integrated Services IPO is ₹680 to ₹715.
Where can I read more about Krystal Integrated Services business?
You can read more about Krystal Integrated Services and its IPO from the company’s red herring prospectus (RHP) here.
What is the Krystal Integrated Services Limited IPO?
The Krystal Integrated Services Limited IPO has an issue size of Rs. 300.12 crores. The IPO opens for subscription on 14th March 2024 and closes on 18th March 2024.
Who is the Registrar for Krystal Integrated Services Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
