Krystal Integrated Services had a promising market debut, with its stock opening on the NSE at a 9.8% premium of ₹785 per share, surpassing predictions. Similarly, on the BSE, the stock debuted at ₹795, marking an 11.19% increase over the issue price of ₹715.
Krystal Integrated Services Ltd is a prominent provider of integrated facilities management services in India, specializing in sectors like healthcare, education, government, transportation, and retail. Their comprehensive services encompass housekeeping, sanitation, landscaping, mechanical and electrical maintenance, waste management, pest control, and additional support services like warehouse and airport management. They offer a diverse range of solutions tailored to various client needs.
Krystal Integrated Services Ltd’s IPO aims to utilize funds for three primary objectives: repaying borrowings (INR 10 crores), funding working capital needs (INR 100 crores), and purchasing machinery to enhance quality and efficiency (INR 10 crores).