Krystal Integrated Services Limited’s IPO consists of a fresh issue of shares worth INR 175 crores and an offer to sell 17,50,000 lakh existing equity shares. The company seeks funds to repay the borrowings, to meet the working capital requirement, and to finance the purchase of new machinery.
Krystal Integrated Services IPO – Important Details
| Krystal Integrated Services IPO Date | March 14, 2024 to March 18, 2024 |
| Krystal Integrated Services IPO Listing Date | March 21, 2024 |
| Krystal Integrated Services IPO Price | INR 680-715 |
| Krystal Integrated Services IPO Lot Size | 20 shares |
| Krystal Integrated Services IPO Total Issue Size | INR 300.13 crores |
| Krystal Integrated Services IPO Basis of Allotment | March 19,2024 |
| Krystal Integrated Services IPO Initiation of Refunds | March 20,2024 |
| Krystal Integrated Services IPO Credit of Shares to Demat | March 20,2024 |
| Krystal Integrated Services IPO Issue Type | Book Built Issue |
| Krystal Integrated Services IPO Listing At | BSE,NSE |
Krystal Integrated Services Ltd IPO – Company Profile
Krystal Integrated Services is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies, and other government offices), airports, railways and metro infrastructure, and retail sectors.
The company’s range of service offerings includes soft services such as housekeeping, sanitation, landscaping, and gardening; hard services such as mechanical, electrical, and plumbing services. Solid, liquid, and biomedical waste management, pest control and façade cleaning and other services such as production support, warehouse management and airport management services.
Krystal Integrated Services Limited IPO – Fundamental Analysis
Krystal Integrated Services’ financials leading up to its IPO reveal steady revenue growth, increasing profitability, and enhanced financial health, positioning it as a promising investment in the services sector with a solid track record of operational efficiency and financial management.
Revenue Growth:
The company has shown steady revenue growth, from ₹4,743.09 million in FY2021 to ₹7,109.65 million in FY2023, indicating an expanding market presence and operational scalability.
Equity Fluctuations:
Equity levels returned to their FY2021 figure in FY2023 after an increase in FY2022. This unusual pattern warrants further investigation but might reflect capital restructuring or dividend payments.
Profitability:
Profit after tax has seen a considerable increase, highlighting the company’s improving operational efficiency and growing profitability, which is promising for potential investors.
Return on Net Worth (RoNW):
The RoNW has significantly improved, indicating efficient use of equity in generating profits. The increase to 23.53% in FY2023 demonstrates strong financial performance.
Diluted EPS:
The substantial rise in diluted EPS reflects growing earnings power per share, an attractive trait for investors, showcasing the company’s profitability on a per-share basis.
Asset and Liability Management:
While total assets slightly decreased in FY2023 compared to FY2022, the significant reduction in total liabilities during the same period suggests improved financial stability and effective debt management.
Debt-Equity Ratio:
The debt-to-equity ratio has consistently improved, indicating a healthier balance sheet with reduced leverage, which reduces financial risk for the company and its investors.
Krystal Integrated Services IPO Financial Information
| Particular | As of 31 March 2021 | As of 31 March 2022 | As of 31 March 2023 |
| Revenue (₹ in millions) | 4,743.09 | 5,548.57 | 7,109.65 |
| Equity (₹ in millions) | 1,360.75 | 1,638.55 | 1,360.75 |
| Expenses (₹ in Million) | 4,648.87 | 5,277.51 | 6,719.49 |
| Profit and Loss After Tax (₹ in millions) | 168.24 | 262.74 | 384.44 |
| RoNW (%) | 12.37 | 16.04 | 23.53 |
| Diluted EPS only (₹) | 14.45 | 22.69 | 33.33 |
| NAV per Equity Share (₹) | 236.15 | 284.36 | 283.59 |
| Total Assets (in millions) | 3,384.70 | 4,043.85 | 3,434.68 |
| Total Liabilities (in millions) | 2,023.95 | 2,405.30 | 1,800.56 |
| Debt-Equity Ratio | 0.50 | 0.45 | 0.31 |
Krystal Integrated Services Limited IPO Peer Comparison
Krystal Integrated Services Limited, with total income of ₹7,109.65 million and an impressive RoNW of 23.53%, stands out for its high EPS and NAV, showcasing stronger profitability and operational efficiency compared to larger peers Quess Corp and SIS Limited.
| Company | Total Income (₹ in millions) | Face Value (₹) | P/E Ratio (Times) | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Krystal Integrated Services Limited | 7,109.65 | 10 | NA | 33.33 | 33.33 | 23.53% | 283.59 |
| Quess Corp Limited | 1,71,583.87 | 10 | 30.06 | 15.16 | 15.04 | 8.74% | 173.43 |
| SIS Limited | 1,13,457.80 | 5 | 18.54 | 23.64 | 23.43 | 14.85% | 159.23 |
Krystal Integrated Services Ltd IPO Objective
The main objectives of Krystal Integrated Services Limited’s IPO are to repay borrowings (INR 10 crores), fund working capital needs (INR 100 crores), and purchase machinery to enhance quality and efficiency (INR 10 crores).
- Repayment of borrowings: The company wants to repay certain borrowings in full or in part and for the said purpose the company plans to utilise INR 10 crores for the funds raised.
- Funding working capital requirements: The company plans to utilise INR 100 crores to meet future working capital requirements.
- Funding the purchase of machinery: The Company proposes to purchase new machinery with the objective of improving the quality and efficiency of the deliverables to the customers. The proposed capital expenditure for the purchase of new machinery is expected to have a positive impact on the ability to compete in the market. The company plans to utilise INR 10 crores for the said purpose.
Krystal Integrated Services IPO Risks And Challenges
Krystal Integrated Services’ faces risks from reliance on competitive government contracts, uncertain tender success, and maintaining customer relationships. Revenue concentration in specific regions and workforce-related challenges also pose significant operational and financial risks.
- A significant part of the company’s revenue is generated from government contracts obtained through a competitive bidding process. There can be no assurance that it will qualify for, or that it will successfully compete and win such tenders or maintain these customer relationships.
- A significant portion of the revenues are derived from a few geographical regions- the State of Maharastra and Tamil Nadu, and any adverse developments affecting such regions could have an adverse effect on the business, cash flows, results of operation, and financial condition.
- The company has a large workforce deployed across workplaces and customer premises. Consequently, the company may be exposed to service-related claims and losses or employee disruptions, as well as employee-related regulatory risks, that could have an adverse effect on the reputation, business, cash flows, results of operations, and financial condition.
Krystal Integrated Services IPO – Industry & Market Potential
Indian Integrated Facilities Management Market is highly fragmented, with close to 400 to 500 companies operating across the country. There are around 6 large companies comprising the Tier 1 category that have their presence across geographies and control about 9.4% of the total market.
Tier 1 companies have a country-wide presence, serve almost all the end-user segments and have a vast client base. Around 60 – 70 companies belong to Tier 2 and have a regional presence while more than 400 companies belong to the Tier 3 category and operate in a small geographic zone, for example, a single city or town.
The market also witnesses the presence of both international and domestic companies. International companies subcontract the majority of their services to gain access to various markets, manpower, and customers in the region.
Krystal Integrated Services Limited IPO – Type of Offer
Krystal Integrated Services Limited plans a fresh issue of shares, seeking INR 175 crores to repay the borrowings, meet the working capital requirement, and finance the purchase of new machinery. Additionally, the company proposes an offer for sale, intending to sell 17,50,000 existing shares.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 175 crores. The company seeks funds to repay the borrowings, to meet the working capital requirement, and to finance the purchase of new machinery.
- Offer for sale: Atmastco is offering to sell 17,50,000 existing shares. The following is the detail of the existing shareholder:
| Name of the selling shareholder | Maximum number of offered shares for sale (in millions) |
| Krystal Family Holdings Private Limited | 17,50,000 |
Krystal Integrated Services IPO Offer Size
The offer size of Krystal Integrated Services Limited’s IPO is INR 300.13 crores, consisting of a fresh issue worth INR 175 crores and an offer to sell 17.50 lakh existing equity shares. The company seeks funds to invest in a material subsidiary and to meet the working capital requirement. plans to repay the borrowings, meet the working capital requirement, and finance the purchase of new machinery.
Krystal Integrated Services IPO Allotment Structure
Krystal Integrated Services allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) in accordance with SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for a Krystal Integrated Services IPO?
To apply for the Krystal Integrated Services IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t already have one, you need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for Krystal Integrated Services IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for JG Chemical Limited’s IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to check Krystal Integrated Services IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice
Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Krystal Integrated Services IPO: If you have applied for multiple IPOs, there might be a dropdown menu or lists to select the IPO you are interested in. Select the Krystal Integrated Services IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here. If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance. Apart from Alice Blue, there are other ways to check the allotment status of Krystal Integrated Services IPO:
Krystal Integrated Services Limited IPO Offer Registrar
The registrar for Krystal Integrated Services is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Link Intime India Private Limited
C-101, 1st floor,
247 Park, Lal Bahadur Shastri Marg Vikhroli (West)
Mumbai 400 083
E-mail: [email protected]
Website: www.linkintime.co.in
Krystal Integrated Services Ltd IPO – FAQs
1. What is the allotment date of the Krystal Integrated Services IPO?
The allotment date of the Krystal Integrated is March 19,2024.
2. What is the price band of the Krystal Integrated Services IPO?
The price band of the shares issued by the company is INR 680-715.
3. What is the size of the Krystal Integrated Services IPO?
Krystal Integrated Services Limited’s IPO consists of a fresh issue of shares worth INR 175 crores and an offer to sell 17,50,000 lakh existing equity shares. The company seeks funds to repay the borrowings, to meet the working capital requirement, and to finance the purchase of new machinery.
4. What is the listing date of the Krystal Integrated Services IPO?
The listing date of Krystal Integrated Services is March 21,2024.
