Krystal Integrated Services Limited (MAINBOARD)
Mar 14, 2024 - Mar 18, 2024
| Price | ₹680 - ₹715 |
| Premium | ₹63 |
|---|---|
| Lot size | 20 |
| Allotment | Mar 19, 2024 |
| Listing | Mar 21, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 20 | 14300 | 73457 |
| sHNI | 14 | 280 | 200200 | 750 |
| bHNI | 70 | 1400 | 1001000 | 1499 |
Last Updated as on 18-Mar-2024 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 839510 | 6142560 | 7.32 |
| HNIs | 629633 | 28473560 | 45.22 |
| HNIs (10+L) | 419755 | 21855400 | 52.07 |
| HNIs (2-10L) | 209878 | 6618160 | 31.53 |
| Retail | 1469143 | 5010080 | 3.41 |
| Total | 2938286 | 39626200 | 13.49 |
| Total Application : 264,072 | |||
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹7.03 | @8% ₹8.03 | @9% ₹9.03 | @10% ₹10.04 | @11% ₹11.04 | @12% ₹12.04 |
| Big HNI (10+L) Cost per lot (7 Days) |
|---|
| Assuming fix interest of ₹2000 per application Big HNI (10+L) costing for every 1 lot allotment is ₹20828 |
Anchor Details | |||
|---|---|---|---|
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
| BOFA SECURITIES EUROPE SA - ODI | 209800 | 16.66% | 15.0 |
| NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND | 209800 | 16.66% | 15.0 |
| QUANT BUSINESS CYCLE FUND | 167840 | 13.33% | 12.0 |
| ITI FLEXI CAP FUND | 139880 | 11.11% | 10.0 |
| ZEAL GLOBAL OPPORTUNITIES FUND | 139880 | 11.11% | 10.0 |
| COEUS GLOBAL OPPORTUNITIES FUND | 111985 | 8.89% | 8.0 |
| NEGEN UNDISCOVERED VALUE FUND | 70020 | 5.56% | 5.0 |
| NEOMILE GROWTH FUND - SERIES I | 70020 | 5.56% | 5.0 |
| AEGIS INVESTMENT FUND, PCC | 70020 | 5.56% | 5.0 |
| SAINT CAPITAL FUND | 70020 | 5.56% | 5.0 |
| Total | 1259265 | 100.00% | 90.04 |
Incorporated in December 2000, Krystal Integrated Services Limited stands as a formidable player in the facilities management sector, offering a diverse array of services tailored to meet the evolving needs of its clientele. With a steadfast commitment to excellence, the company provides comprehensive solutions encompassing housekeeping, sanitation, landscaping, mechanical, electrical, and plumbing services, among others. Notably, Krystal Integrated Services extends its expertise beyond conventional facilities management, venturing into specialized areas such as waste management, pest control, and catering, thereby ensuring holistic support for its clients. Bolstered by its expansive portfolio, the company has forged partnerships with 134 hospitals, 224 schools, and several transportation hubs, including airports, railway stations, and metro stations, illustrating its broad reach and versatility. With a steady trajectory of growth evidenced by an increasing customer base and geographical expansion, Krystal Integrated Services continues to set industry benchmarks, underpinned by a dedicated workforce of over 31,000 employees across diverse operational domains.
Krystal Integrated Services IPO Details
| Issue Size | [4197552] shares (aggregating up to ₹[300.13] Cr) |
| Fresh Issue | [2447552] shares (aggregating up to ₹175.00 Cr) |
| Offer for Sale | 1,750,000 shares of ₹10 (aggregating up to ₹[125.13] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 11,524,400 |
| Share holding post issue | 13,971,952 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 11.71% | 23.18% | 17.37% |
| ROCE | 16.97% | 28.82% | 25.03% |
| RONW | 11.21% | 23.53% | 16.04% |
| D/E | 0.58 | 0.31 | 0.45 |
| EPS (basic & diluted) | 17.84 | 33.33 | 22.69 |
| P/BV | 4.49 | ||
| P/E (Pre IPO) | 21.45 |
Company Financials
Krystal Integrated Services Limited Financial Information (Restated Consolidated)
Krystal Integrated Services Limited's revenue increased by 28.13% and profit after tax (PAT) rose by 46.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 449.83 | 343.47 | 404.39 | 338.47 |
| Revenue | 455.67 | 710.97 | 554.86 | 474.31 |
| Profit | 20.56 | 38.44 | 26.27 | 16.82 |
| Net Worth | 183.68 | 163.41 | 163.86 | 136.08 |
| Reserves | 170.09 | 155.27 | 156.04 | 129.76 |
| Borrowing | 103.36 | 47.99 | 72.55 | 65.31 |
| Amount in ₹ Crore | ||||
Strength Factors
Comprehensive Service Offerings: The Company provides a comprehensive range of services, offering a one-stop solution to its customers. This diverse portfolio allows the company to meet various needs and requirements of its clientele efficiently.
Focused Business Model: With a focused business model, the company is well-positioned to capitalize on favorable industry dynamics. By concentrating on specific sectors or niches, the company can better target its resources and efforts for maximum impact and profitability.
Longstanding Customer Relationships: The Company has built longstanding relationships with customers across diverse sectors. This not only indicates customer satisfaction but also ensures recurring business, providing stability and consistent revenue streams.
Wide Geographic Presence and Efficient Workforce: The Company boasts a wide geographic presence supported by a large and efficient workforce. This extensive network allows the company to cater to a broad customer base and effectively handle operations across different regions.
Historical Track Record of Strong Financial Performance: The Company has a proven track record of strong financial performance. This demonstrates the company's ability to generate consistent returns and manage its resources effectively. Additionally, the scalable, agile, and efficient business model further enhances its financial resilience and growth potential.
Risk Factors
Dependency on Limited Number of Customers: The Company’s revenue from operations heavily relies on a limited number of customers. Any loss of these key customers could significantly impact the company's financial performance and stability.
Reliance on Government Contracts: A significant portion of the company's revenue comes from government contracts acquired through competitive bidding. There's no guarantee that the company will continue to qualify for such contracts or successfully win bids in the future, which could affect its revenue stream.
Manpower Intensive Business Model: The company's operations are highly manpower intensive. Challenges in attracting, retaining, and managing skilled manpower may hinder the company's ability to meet customer expectations and sustain business growth.
Risk of Attrition: High attrition rates pose a risk to the company's operations. Inability to manage attrition could lead to a shortage of skilled personnel,affecting service delivery and customer satisfaction, ultimately impacting the company's financial condition.
Background Verification Procedures: Inability to perform thorough background verification procedures on personnel and billable employees before placing them with customers poses a risk. This could result in potential issues related to employee integrity, competence, and compliance, affecting service quality and reputation.
Inga Ventures Pvt Ltd
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: krystalintegrated.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html