About Krystal Integrated Services
Krystal Integrated Services has emerged as a key player in India’s integrated facilities management services sector. Specializing in various domains such as healthcare, education, public administration, airports, railways, metro infrastructure, and retail, the company offers a spectrum of services. From soft services like housekeeping to hard services including mechanical, electrical, and plumbing services, Krystal caters to diverse needs. Notably, they also excel in waste management, pest control, façade cleaning, and additional services such as production support, warehouse management, and airport management.
Key Financial Performance
Diving into Krystal Integrated’s financial performance, a glance at their fiscal journey reveals substantial growth. In the fiscal year 2023, the company reported a revenue of INR 707.64 crores, showcasing a steady upward trajectory. Notably, government contracts accounted for a significant 73.66% of their overall revenue.
Krystal Integrated IPO Details
Dates and Offerings
The eagerly awaited IPO is scheduled from 14th to 18th March 2024. While the issue price is yet to be disclosed, a fresh issue of INR 175 crores and an offer for sale of 1,750,000 shares are anticipated. The minimum bid and face value per share are still under wraps. Notably, the retail allocation stands at 35%.
Financial Insights
Examining the financial details, Krystal Integrated’s earnings per share (EPS) have shown an impressive growth from INR 14.45 in FY 2021 to INR 33.33 in FY 2023. The company’s net income, margins, and return on net worth (RONW) have also demonstrated a positive trend, underlining their financial stability.
Utilization of IPO Proceeds
Krystal Integrated has outlined clear objectives for utilizing the net proceeds from the IPO. This includes the repayment/prepayment of borrowings, funding working capital requirements, and investing in new machinery for capital expenditure.
IPO Subscription and Allotment Status
As of now, details about the IPO subscription and allotment status are pending. Investors are eagerly awaiting the company’s subscription status, which is expected to be revealed soon.
Krystal Integrated – A Comparative Analysis
Comparing Krystal Integrated with its listed peers provides valuable insights. The company’s face value, EPS, RONW, NAV, and revenue in FY 2023 are juxtaposed with competitors like Quess Corp and SIS Limited, showcasing Krystal’s competitive standing in the market.
IPO Listing and Reviews
The IPO journey culminates with the listing date on 21st March 2024. The opening and closing prices on NSE are yet to be unveiled. Investors keen on the IPO are looking towards various brokerage firms for reviews. Stay tuned for updates from Angel One, Anand Rathi, Axis Capital, and others.
Krystal Integrated Offer Management
The IPO is managed by INGA VENTURES PRIVATE LIMITED, located in Mumbai. For allotment status and related inquiries, investors can contact LINK INTIME INDIA PRIVATE LIMITED.
Conclusion
In conclusion, Krystal Integrated Services’ IPO is a significant event in the Indian market, offering investors a chance to be part of a growing player in facilities management. The company’s robust financials and diverse service portfolio make it an appealing prospect. Keep an eye on the subscription status, and consider consulting brokerage reviews for a more informed decision.
