Krystal Integrated Services Limited IPO
Krystal Integrated Services, is offering an exciting opportunity for investors through its Initial Public Offering (IPO).
The company aims to raise ₹300.13 crores through a combination of fresh issuance of shares (₹175.00 crores) and an offer for sale by existing shareholders (₹125.13 crores).
Lead Manager & Registrar: Inga Ventures Pvt Ltd is the book running lead manager, while Link Intime India Private Ltd is the registrar for the issue.
About the Company
Krystal Integrated Services Limited is a leading integrated facilities management services company in India. They focus on providing a comprehensive range of services across various sectors, including Healthcare, Education, Public Administration (government entities), Airports, Railways & Metro Infrastructure and Retail.
The company boasts a wide geographic presence and a diverse customer base. Krystal prides itself on its ability to deliver customized solutions that meet the specific needs of each client.
Services Offered
Krystal offers a wide array of services categorized into soft and hard services:
- Soft Services: Housekeeping, sanitation, landscaping, gardening
- Hard Services: Mechanical, electrical & plumbing services, waste management, pest control, facade cleaning
- Other Services: Production support, warehouse management, airport management (including parking & traffic management), staffing solutions, payroll management, private security, manned guarding, catering
Their extensive service portfolio allows them to design and deliver customized solutions for various clients, strengthening their customer acquisition and retention.
Key Points about Krystal Integrated Services Limited IPO
| IPO Opens On | March 14, 2024 |
| IPO Closes On | March 18, 2024 |
| Date of Listing | March 21, 2024 |
| Price Band Per Share | ₹680 to ₹715 |
| Lot Size | 20 Shares |
| Minimum investment | ₹13,600 |
| Total Issue Size | ₹300.13 Cr |
| Fresh Issue Component | ₹175.00 Cr |
| Offer for Sale | ₹125.13 Cr |
| Employee Discount | NA |
| Exchanges Listing On | BSE, NSE |
Key financials (in ₹ Cr)
| Period Till | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
| Assets | 338.47 | 404.39 | 343.47 | 449.83 |
| Revenue | 474.31 | 554.86 | 710.97 | 455.67 |
| Profit After Tax | 16.65 | 26.15 | 38.41 | 20.56 |
| Net Worth | 136.08 | 163.86 | 163.41 | 183.68 |
| Reserves and Surplus | 129.76 | 156.04 | 155.27 | 170.09 |
| Total Borrowing | 65.31 | 72.55 | 47.99 | 103.36 |
Performance Indicators
| ROE | 11.71% |
| ROCE | 16.97% |
| Debt/Equity | 0.29 |
| RoNW | 11.21% |
| P/BV | 4.49 |
| PAT Margin | 4.56% |
Key Strengths
- Comprehensive solutions for all customer needs
- Focused business model that capitalizes on industry trends
- Established relationships across sectors to ensure a steady business
- Extensive presence and efficient workforce drive capabilities.
- Strong financial history reflects a scalable and adaptable business model.
Key Risks
- Reliant on a small number of customers for revenue.
- Revenue is concentrated in a few market segments.
- A significant part of the revenue is generated from government contracts
- Competitive industry with low barrier to entry
- There are outstanding legal proceedings involving the company
Click here to apply for Krystal Integrated Services Limited IPO
