Krystal Integrated Services IPO
Krystal Integrated Services IPO — date, price band, lot size & details 2024
Krystal Integrated Services listed on 21 Mar 2024 at ₹785, 9.8% above the ₹715 issue price.
Krystal Integrated Services is one of India's leading integrated facilities management companies, serving hospitals, schools, government offices, airports, railways and metros. Its total income was Rs 710.97 crore in FY2023.
Stock price
Krystal Integrated Services is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 14 Mar 2024
- Close 18 Mar 2024
- Allotment 19 Mar 2024
- Refund/credit 20 Mar 2024
- Listing 21 Mar 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 18 Mar, 2024 |
|---|---|
| Price Band | ₹680 – ₹715 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹300.12 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,300 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹715 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹14,300 |
| Retail (max) | 13 | 260 | ₹1,85,900 |
| S-HNI (min) | 14 | 280 | ₹2,00,200 |
| S-HNI (max) | 69 | 1,380 | ₹9,86,700 |
| B-HNI (min) | 70 | 1,400 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 474.31 crore in FY2021 to Rs 710.97 crore in FY2023.
- 02Profit after tax rose from Rs 16.65 crore in FY2021 to Rs 38.41 crore in FY2023.
- 03The pre-issue P/E was 21.45 at the upper band of Rs 715, based on EPS of Rs 33.33.
- 04It served 134 hospitals and 224 schools as of 31 March 2023, giving a spread of public and private clients.
- 05Rs 175.00 crore of the issue was fresh capital, mostly for working capital.
Risks · 5
- 01Margins are thin, and the source puts the PAT margin at 4.56%.
- 02Much of its work is for government bodies, so payment delays can lock up working capital, with Rs 100.00 crore of the issue going to it.
- 03Total borrowing rose from Rs 47.99 crore on 31 March 2023 to Rs 103.36 crore on 30 September 2023.
- 04The business is labour heavy, so wage rises can squeeze margins. Return on net worth was 11.21% as per the source.
- 05Promoters and the promoter group held 99.99% before the issue and 69.96% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Krystal Integrated Services offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 449.83 | 343.47 | 404.39 | 338.47 |
| Total Income | 455.67 | 710.97 | 554.86 | 474.31 |
| Profit After Tax | 20.56 | 38.41 | 26.15 | 16.65 |
| NET Worth | 183.68 | 163.41 | 163.86 | 136.08 |
| Total Borrowing | 103.36 | 47.99 | 72.55 | 65.31 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Krystal Integrated Services RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Krystal Integrated Services IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹33.33 | ₹29.42 |
| P/E Ratio (x) | 21.45 | 24.30 |
| Market Cap at Offer Price (₹ Cr) | ₹441.06 | ₹499.67 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹715 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹163.37 Cr of the issue is earmarked to named objects.
About the company
Its services include housekeeping, sanitation, landscaping, mechanical, electrical and plumbing work, waste management, pest control and façade cleaning, plus production support, warehouse and airport management. It also offers staffing, payroll management, private security and catering.
As of 31 March 2023 it served 134 hospitals, 224 schools, 2 airports, 4 railway stations and 10 metro stations.
The IPO was Rs 300.12 crore, with Rs 175.00 crore of fresh issue and Rs 125.13 crore of offer for sale by promoter Krystal Family Holdings. Rs 100.00 crore was planned for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Krystal Integrated Services IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Inga Ventures Pvt. Ltd
2 issues handled2 of their issues have listed so far, and 2 opened above the issue price (average +20.8%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Krystal Integrated Services?
The current Grey Market Premium is ₹40, or 6% over the issue price.
What is the Krystal Integrated Services IPO price band?
₹680 to ₹715, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 March 2024, with listing on 21 March 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
