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Home > IPO > Krystal Integrated Services IPO

₹ 14300 / 20 shares

IPO Details

RHP/DRHP

Issue 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

▲9.79%

Start date

14/03/2024

End date

18/03/2024

Allotment of bids

19/03/2024

Refund Initiation

20/03/2024

Listing on exchange

21/03/2024

IPO Timeline

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

  • The company’s revenue from operations is highly dependent on a limited number of customers.

  • A significant part of the revenue is generated from government contracts obtained through a competitive bidding process.

  • A significant portion of the revenues are derived from a few geographical regions.

Key Strategies

  • Retain, strengthen and grow the customer base.

  • Strengthen operations across sectors by capitalising on growing industry opportunities and adopting a sector-wise focus.

  • 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)

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How to apply for an IPO using UPI

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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.

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.

Top Krystal Integrated Services IPO IPO FAQs

Krystal Integrated Services IPO will list on 2024-03-21.

300.12 is the issue size of Krystal Integrated Services IPO.

The minimum lot size is 20 shares and the investment required is ₹14300.

The price band of Krystal Integrated Services IPO is ₹680 to ₹715.

You can read more about Krystal Integrated Services IPO and its IPO from the company’s red herring prospectus (RHP) here.

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.

Link Intime India Private Limited is the registrar for this IPO.

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