Krystal Integrated Services IPO: This IPO is opening tomorrow, get the complete details!
Krystal Integrated Services IPO Details
Facility management services company Krystal Integrated Services has come up with its IPO. Krystal Integrated Services IPO will open for subscription on Thursday, March 14, 2024, and will close on Monday, March 18, 2024.
| IPO Date | March 14, 2024 to March 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹680 to ₹715 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 4,197,552 shares (aggregating up to ₹300.13 Cr) |
| Fresh Issue | 2,447,552 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 |
| Shareholding pre issue | 13,971,952 |
The Krystal Integrated Services IPO is a book-built issue worth 300.13 crore rupees. It includes both fresh issues as well as an offer for sale (OFS). The company will issue 175 crore rupees worth of new shares under the IPO. Additionally, Krystal Family Holdings Private Limited will offer for sale 17.5 lakh shares.
Price band & Lot Size
The price band for the Krystal Integrated Services IPO is set at ₹680 to ₹715 per share. The lot size for the IPO is 20 shares. Investors can place bids in multiples of this lot size. Retail investors will need to invest a minimum of ₹14,300 in the IPO.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,300 |
| Retail (Max) | 13 | 260 | ₹185,900 |
| S-HNI (Min) | 14 | 280 | ₹200,200 |
| S-HNI (Max) | 69 | 1,380 | ₹986,700 |
| B-HNI (Min) | 70 | 1,400 | ₹1,001,00 |
In the IPO, 50% of the allocation is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Krystal Integrated Services IPO Allotment
Investors participating in the Krystal Integrated Services IPO will be allotted shares on Tuesday, March 19, 2024, while refunds will be processed on Wednesday, March 20, 2024. On the same day, Wednesday, March 19, 2024, Signoria Creation IPO will be listed.
Inga Ventures Private Limited is the book-running lead manager for the Krystal Integrated Services IPO, while Link Intime India Private Limited is the registrar for the issue.
| IPO Open Date | Thursday, March 14, 2024 |
| IPO Close Date | Monday, March 18, 2024 |
| Basis of Allotment | Tuesday, March 19, 2024 |
| Initiation of Refunds | Wednesday, March 20, 2024 |
| Credit of Shares to Demat | Wednesday, March 20, 2024 |
| Listing Date | Thursday, March 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 18, 2024 |
Krystal Integrated Services IPO Details
Krystal Integrated Services IPO Listing
The Krystal Integrated Services IPO will be listed on the BSE. The IPO listing is scheduled for Thursday, March 21, 2024.
The promoters of the company include Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad, and Krystal Family Holdings Private Limited.
Krystal Integrated Services IPO GMP
According to InvestorGen’s report, the Krystal Integrated IPO is trading at a premium of ₹70 in the grey market today. This suggests that investors could potentially earn a profit of 9.79% on the first day itself. Based on this assessment, the IPO listing price could be around ₹785.
The company will use the funds for various purposes,
The company will spend ₹10 crores from the funds raised through the IPO to repay debts. Additionally, they will use ₹10 crores to purchase new machinery. Furthermore, they will allocate ₹100 crores to fulfill working capital requirements. The remaining funds will be used for general corporate purposes.
Krystal Integrated Services Ltd – About The Company
Krystal Integrated Services Limited was established in December 2000. It is a company that provides facility management services. Krystal Integrated operates on a B2B model and offers a wide range of services including housekeeping, sanitation, landscaping, gardening, mechanical, electrical, plumbing, waste management, pest control, and facade cleaning. Additionally, it provides services in production support, warehousing management, and airport management.
The company also provides services such as staffing, payroll management, private security, human resource security, and catering.
https://www.5paisa.com/ipo/krystal-integrated-services-ltd-ipo
Disclaimer
NewsFindout The information provided does not constitute investment advice. Before investing in the stock market, it is advisable to consult with your financial advisor.
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