Krystal Integrated Services Ltd IPO

Krystal Integrated Services, a leading Indian facilities management company, caters to diverse sectors like healthcare, education, government, airports, and retail. They offer a wide range of services, including housekeeping, landscaping, security, pest control, and waste management. Their strengths lie in customizing solutions, sourcing efficiently, and adopting smart technologies. Notably, they are a key partner for government projects, contributing over 70% of their revenue. With expertise in healthcare, education, and infrastructure sectors, Krystal serves over 135 hospitals, 228 educational institutions, and various transportation hubs.

RHP
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DRHP
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Open Date

2024-03-14

Close Date

2024-03-18

IPO Details

Check out the issue details for Krystal Integrated Services Ltd IPO as disclosed in SEBI.

IPO Price

₹ 715

Price Band

₹ 680 - 715

Issue Size

300.13 Cr.

Issue Type

Book Built

Open

2024-03-14

Close

2024-03-18

Listingprice

₹ 785

ListingGain

9.79%

Listing Date

2024-03-21

CMP

₹ 756.75

Current Return

5.84%

Company Financials

You can get the following financial statements of Krystal Integrated Services Ltd as of now.

Subscription Details

The details about the Krystal Integrated Services Limited IPO is as:

  • The issue size of the IPO is 300.13 Cr.
  • The price band for Krystal Integrated Services Limited IPO is Rs 680 to Rs 715.
  • The shares of Krystal Integrated Services Limited IPO will list on 21 March 2024.
  • The latest tentative GMP of Krystal Integrated Services Limited IPO is Rs 60.
  • The shares of Krystal Integrated Services Limited IPO is subscribed 13.49 Times as of 18th March 2024.

 

Krystal Integrated Services Limited IPO Valuation

The approx valuation of Krystal Integrated Services Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 715
Existing Shares (Qty) 1.15 Cr
Fresh Issue 175 Cr
Market Cap 997.25 Cr
EPS (FY23) Rs 33.33
PE Ratio 21.45x
Industry PE 39x

 

Krystal Integrated Services Limited IPO Issue Size

Krystal Integrated Services Limited IPO issue size is 300.13 Cr

Issue Amount
Fresh Issue 175 Cr
Offer For Sale 125.13 Cr

 

Krystal Integrated Services Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 20 shares and a maximum of 13 lots of 260 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 20 14,300
 Maximum 13 260 1,85,900

 

Krystal Integrated Services Limited IPO share offer

The shares of Krystal Integrated Services Limited IPO is subscribed 13.49 Times as of 18th March 2024. The category-wise shares offered are as follows:

Category % Offered Subscription 
Qualified Institutional Maximum 50% 7.32 Times
Non-Institutional Minimum 15% 45.23 Times
Retail Individual Minimum 35% 3.42 Times
Total   13.49 Times

Allotment Details

Find below the dates for Krystal Integrated Services Limited IPO:

Schedule Date
Basis of Allotment 19 March 2024
Refunds 20 March 2024
Credit to Demat Account 20 March 2024
IPO Listing Date 21 March 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 371.13 456.5 506.12 538.24 685.51
Total Expenditure 343.04 413.72 468.34 498.96 627.57
Operating Profit 28.09 42.78 37.78 39.28 57.94
Other Income 1.8 3.12 2.87 1.94 2.76
Interest 4.56 7.63 9.36 10.04 17.75
Depreciation 3.11 3.08 3.17 4.23 4.34
Exceptional Items 0 0 0 0 0
Profit Before Tax 22.22 35.18 28.13 26.95 38.61
Provision for Tax 6.04 10.29 5.64 6.25 5.04
Net Profit 16.18 24.9 22.49 26.02 38.21
Adjusted EPS (Rs.) 1.4 2.16 1.95 1.8 2.91

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 5.76 5.76 5.76 5.76 5.76
Total Reserves 89.74 114.63 137.12 155.41 154.65
Borrowings 3.24 28.99 26.91 28.8 19.69
Other N/C liabilities -3.55 -3.37 -2.61 -4.59 -5.91
Current liabilities 92.52 185.22 168.72 205.44 154.07
Total Liabilities 187.72 331.24 335.9 390.82 328.27
Assets
Net Block 12.07 9.91 9.78 10.74 77.43
Capital WIP 0 0 0 0 0
Intangible WIP 30.65 60.01 60.01 60.01 0
Investments 1.73 1.98 2.57 3 4
Loans & Advances 12.45 2.7 6.19 23.98 14.75
Other N/C Assets 0 0 0 12.1 31.25
Current Assets 130.82 256.64 257.36 281 200.84
Total Assets 187.72 331.24 335.9 390.82 328.27
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 1.56
Profit Before Tax 15.18
Tax 2.74
Profit After Tax 12.44
Adjusted EPS (Rs) 10.8

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 69.96 0
Dec 2023 69.96 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 22.22 35.18 28.13 34.29 43.25
Adjustment 9.38 14.15 17.79 11.59 11.4
Changes in Assets & Liabilities -7.09 -46.97 -17.92 -23.47 27.31
Tax Paid -6.11 -9.3 -8.97 -9 -1.8
Operating Cash Flow 18.4 -6.94 19.03 13.41 80.16
Investing Cash Flow -38.93 -49.44 8.83 -10.46 -43.91
Financing Cash Flow 7.54 55.56 -27.82 -3.05 -27.54
Net Cash Flow -12.99 -0.82 0.04 -0.09 8.71
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