IPO Details
Bidding Dates
14 Mar 24 - 18 Mar 24
Price Range ₹
680 - 715
Total Equity
₹ 300.12Cr
Lot Size
20
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
3.32×
Qualified Institutional Buyers
7.33×
Employees
0.00×
Retail Investors
3.32×
Total subscription Rate
13.21×
IPO Timeline
Offer start
14 Mar 2024
Allotment
15 Mar 2024
Offer end
18 Mar 2024
Refund initiation
18 Mar 2024
Demat transfer
18 Mar 2024
Listing
21 Mar 2024
Offer start
14 Mar 2024
Allotment
15 Mar 2024
Offer end
18 Mar 2024
Refund initiation
18 Mar 2024
Demat transfer
18 Mar 2024
Listing
21 Mar 2024
About Company
Incorporated in December 2000, Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical, and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management. The company also 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, and they also offered catering on some trains. Over the years, the company has witnessed growth in its clientele, serving 262 customers in 2021, 277 in 2022, and 326 in 2023.
Year Founded
01-12-2000
Promotor Details
Neeta Prasad Lad
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 11524394 | 0 |
Offer to Public
41,97,552.00 Cr
Project Details
- Funding capital expenditure for purchase of new machinery - 100cr
- Repayment/prepayment, in full or part, of certain borrowings availed of by our Company - 100cr
- General corporate purposes - 433.69cr
- Funding working capital requirements of our Company - 1000cr
Objectives
- Repayment/prepayment, in full or part, of certain borrowings availed of by our Company
- Funding working capital requirements of our Company
- Funding capital expenditure for purchase of new machinery.General corporate purposes
Highlights
- Krystal Integrated Services offers a diverse range of facilities management services, enabling clients to fulfill multiple needs through a single provider.
- With a wide clientele spanning hospitals, schools, airports, railway stations, and metro stations, the company demonstrates versatility and market penetration across various sectors.
- The establishment of 21 branches and serving over 2,400 customer locations across multiple states indicates a strategic expansion plan, enhancing accessibility and market presence.
- The significant compound annual growth rates (CAGR) in revenue, total profit, and EBITDA showcase the company's robust financial performance and potential for sustained growth.
- With nearly 32,000 on-site employees, Krystal Integrated Services exhibits a strong operational capacity to handle diverse operations and meet client demands effectively.
Challenges
- Providing a wide array of services across numerous locations may introduce operational challenges, including resource allocation, coordination, and quality control.
- The facilities management sector is highly competitive, with numerous players vying for market share. Intense competition could lead to pricing pressures and erosion of profit margins.
- Operating across multiple states and sectors subjects the company to varying regulatory requirements, necessitating compliance efforts and potential legal risks.
- Managing a large and dispersed workforce can pose HR challenges, including recruitment, training, retention, and ensuring adherence to labor laws and regulations.
- Revenue streams may be susceptible to fluctuations in client sectors, such as healthcare, education, and transportation, exposing the company to sector-specific risks and uncertainties.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 3,987.86 | 57.62 | 9,81,12,890.00 | 9,81,12,890.00 | 8.5135 |
| 2021 | 3,304.46 | 57.62 | 11,49,62,610.00 | 11,49,62,610.00 | 9.9756 |
| 2023 | 3,360.18 | 57.62 | 337.71 | 384.44 | 33.3599 |
