Krystal Integrated Services IPO subscription status, allotment date and other key details
Upstox
2 min read • Updated: March 18, 2024, 3:02 PM
Summary
Krystal Integrated Services IPO, which opened for subscription on March 14, has been subscribed 3.32 times on the last day of bidding. The allotment of shares is expected to be finalised on Tuesday, March 19.
The initial public offering (IPO) of Krystal Integrated Services, which opened for subscription on March 14, will close on Monday, March 18 at 5pm. The public issue, which has set a price band of ₹680 to ₹715, has received a decent response.
Krystal Integrated Services IPO subscription status
According to the BSE, the IPO has been subscribed 3.32 times on the last day of bidding. The portion reserved for qualified institutional buyers (QIBs) has been booked 0.61 times the quota allotted, non-institutional investors (NIIs) bid 11.38 times the reserved portion, and retail investors booked 1.36 times as of 12:40 pm.
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Krystal Integrated Services IPO: Key things to know
- IPO date: March 14-March 18
- IPO price band: ₹680-₹715
- IPO lot size: An investor can bid for a minimum of 20 shares
- Issue size: The ₹300-crore IPO is a mix of fresh issue of 24 lakh equity shares worth ₹175 crore and offer for sale (OFS) of 18 lakh shares amounting to ₹125.13 crore.
- Krystal Integrated Services IPO shares allotment date: The allotment of shares is expected to be finalised on Tuesday, March 19.
- Krystal Integrated Services IPO listing: The shares will be listed on bourses on March 21, 2024.
About Krystal Integrated Services
Established in 2000, Krystal Integrated Services is involved in facility management services. Its offerings include sanitation, housekeeping, landscaping, gardening, mechanical, plumbing services, electrical, waste management, facade cleaning, production support, pest control, etc. The company also provides warehouse management and airport management services.
It also offers integrated staffing, private security, payroll management, manned guarding and catering services.
As of March 31, 2023, the company had provided services to 134 hospitals, 224 schools, 10 metro stations, 4 railway stations, and 2 airports. They also offered catering services to some trains. The company has expanded its clientele over the years, serving 262 clients in 2021, 277 in 2022, and 326 in 2023, indicating a growing demand for its services. The funds generated from the IPO will be used to meet working capital requirements and repay certain borrowings of the company.
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