Krystal Integrated Services Limited Announces IPO Details and Expansion Plans

Krystal Integrated Services Limited, a prominent facilities management services provider, has disclosed the details of its Initial Public Offering (IPO), setting the stage for potential investors. The IPO, scheduled from March 14, 2024, to March 18, 2024, offers an intriguing opportunity to be part of the growth trajectory of this industry player.

IPO Details and Minimum Investment

Investors looking to participate in the IPO can do so within the price range of ₹680 to ₹715 per share. The minimum investment stands at ₹13,600 for 20 shares, making it accessible to a broad range of potential investors. The lot size is set at 20 shares, with a bidding option available from ₹680 to ₹715.

Krystal Integrated Services Overview

Founded in 2000, Krystal Integrated Services Limited, led by Managing Director Mrs. Neeta Prasad Lad, specializes in providing comprehensive facility management services. The company caters to diverse sectors, including healthcare, education, public administration, airports, railways, metro infrastructure, and retail.

Service Offerings

Operating on a business-to-business (B2B) model, Krystal Integrated Services delivers both soft and hard services. Soft services encompass housekeeping, sanitation, landscaping, and gardening, while hard services include mechanical, electrical, and plumbing services. The company extends its offerings to waste management, pest control, façade cleaning, production support, warehouse management, and airport management.

In addition to its facility management services, Krystal Integrated Services provides staffing solutions, payroll management, private security, manned guarding services, and catering services to its clients.

Financial Performance

The company's financial performance showcases a positive trend, with profits for the fiscal year 2023 reaching ₹38.41 Crores, a notable increase from ₹26.15 Crores in 2022 and ₹16.65 Crores in 2021.

Application Details

Potential investors can apply for the Krystal Integrated Services IPO through regular or high-net-worth individual (HNI) categories. The application is open to both categories within the stipulated price range. Regular investors can apply up to ₹2,00,000, while HNIs have the option to apply between ₹2,00,000 and ₹5,00,000.

GMP (Grey Market Premium)

As of the latest reports, the Grey Market Premium stands at ₹90.

This IPO announcement presents an opportunity for investors to delve into the facilities management sector and become part of Krystal Integrated Services' growth story. As the bidding period unfolds, market watchers will be keenly observing the response to this offering and its potential impact on the company's future endeavors.