Krystal Integrated Services Limited IPO: Check IPOs Dates, Info and Allotment Status

Krystal Integrated Services Limited is stepping into the public market with its Initial Public Offering (IPO) from March 14, 2024, to March 18, 2024. This move signifies a pivotal moment for the company, renowned for its comprehensive facilities management services. Below, we present detailed insights into the IPO, encapsulating key financial data, company overview, and objectives behind this significant financial event.

Krystal Integrated Services IPO Details

IPO Reservation Details

IPO Timeline (Tentative Schedule)

• IPO Open Date: Thursday, March 14, 2024
• IPO Close Date: Monday, March 18, 2024
• Basis of Allotment: Tuesday, March 19, 2024
• Initiation of Refunds: Wednesday, March 20, 2024
• Credit of Shares to Demat: Wednesday, March 20, 2024
• Listing Date: Thursday, March 21, 2024
• Cut-off Time for UPI Mandate Confirmation: 5 PM on March 18, 2024

Promoter Holding

About Krystal Integrated Services Limited

Founded in December 2000, Krystal Integrated Services Limited specializes in providing a comprehensive suite of facilities management services, including housekeeping, sanitation, landscaping, mechanical, electrical, and plumbing services, alongside waste management, pest control, façade cleaning, and more specialized services such as production support, warehouse, and airport management. The company also offers staffing, payroll management, security, guarding, and catering services. As of March 31, 2023, it catered to a diverse client base across 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations, including catering services for trains. Serving 326 customers across 2,427 locations in 14 states and one union territory, Krystal has expanded its presence through 21 branches. Between Fiscal 2021 and 2023, the company experienced a robust growth with a CAGR of 22.54% in revenue, 51.17% in net profit after tax, and 34.56% in EBITDA, supported by a workforce of 31,881 employees.

Financial Highlights

• Assets: Growth from ₹338.47 Crore in March 2021 to ₹449.83 Crore in September 2023
• Revenue: Increased by 28.13% YoY as of March 31, 2023
• Profit After Tax (PAT): Rose by 46.89% YoY as of March 31, 2023

IPO Objectives

Krystal Integrated Services Limited has outlined a strategic plan for the allocation of the net proceeds generated from its recent financial initiative. The primary focus will be on reducing the company's debt levels through the complete or partial repayment or prepayment of existing borrowings. This action is aimed at enhancing financial flexibility and reducing interest expenses. Furthermore, a significant portion of the funds will be allocated towards fulfilling the company's working capital needs, ensuring the smooth operation of day-to-day activities and facilitating growth. Another critical investment will be in the acquisition of new machinery, signifying the company's commitment to capital expenditure to upgrade and expand its operational capabilities.

Contact and IPO Registrar Details

• Company Contact: Krystal Integrated Services Limited, Mumbai, Phone: +912247471234, Email: company.secretary@krystal-group.com
• IPO Registrar: Link Intime India Private Ltd, Phone: +91-22-4918 6270, Email: krystalintegrated.ipo@linkintime.co.in

The Krystal Integrated Services IPO offers a promising opportunity for investors to partake in the growth journey of a leading facilities management services provider. With its solid financial foundation, comprehensive service offerings, and strategic growth objectives, Krystal Integrated Services is poised for further expansion and success in the public domain.