Krystal Integrated Services IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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    Krystal Integrated Services IPO Post Listing Review
    On 21st March, the scrip is listed at Rs. 785, premium of 9.79% over the issue-price of Rs. 715. This listing has been above the expectations of the grey market.
     

    What is the last GMP of Krystal Integrated Services IPO?   
    Premium: Rs. 59
    Small Subject to Rs.900
    big Subject to Rs. 12600

    What are the promoters of Krystal Integrated Services IPO?   
    PROMOTERS of the company are PRASAD MINESH LAD, NEETA PRASAD LAD, SAILY PRASAD LAD, SHUBHAM PRASAD LAD AND KRYSTAL FAMILY HOLDINGS
    PRIVATE LIMITED

    What are the Objects of Krystal Integrated Services IPO?

    The Issue comprises fresh issue of Capital & Offer for sale.
    Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
    1. Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
    2. Funding working capital requirements of the Company;
    3. Funding capital expenditure for purchase of new machinery; and
    4. General corporate purposes

    Subscription Status of Krystal Integrated Services IPO?
    On 18 March 2024 5.00 pm (Day 3)
    Review: flow has improved today
    QIB:            837682 Shares     7.32 T
    NII(10L+):   432354 Shares   52.07 T
    NII (<10L)   216176 Shares   31.54 T
    NII (Total)    648530 Shares   45.23 T

    RII:             1513236 Shares     3.42 T
    Total:         2999448 Shares   13.49 T

    What is the business of Krystal Integrated Services ?

    Krystal Integrated Services is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies and other government offices), airports, railways and metro infrastructure, and retail sectors (Source: F&S Report). It provides a comprehensive range of integrated facility management service offerings across multiple sectors, and consequently are among select companies in India that have a wide geographic presence and customer base, catering to almost all end-user segments, as on March 31, 2023.
    Its range of service offerings include soft services such as housekeeping, sanitation, landscaping and gardening, hard services such as mechanical, electrical and plumbing services, solid, liquid and biomedical waste management, pest control and façade cleaning and other services such as production support, warehouse management and airport management services (including multi-level parking and airport traffic management). It also provides staffing solutions and payroll management to its customers, as
    well as private security and manned guarding services and catering services.

    Its strengths in the market include its ability to provide bespoke solutions for integrated facility management requirements, sourcing from OEMs at competitive prices due to excellent long-term relations, best-in-class products, and adoption of smart technology. It is a key solutions provider to the
    government sector and have a track record of executing large contracts and are among select companies in India to qualify for and service large, multi-location government projects.
    For Fiscals 2021, 2022 and 2023, its revenue from government contracts amounted to Rs.3,271.12 million, Rs.4,050.85 million and Rs.5,212.75 million, respectively, aggregating to 69.41%, 73.30% and 73.66% of our revenue from operations. It provide services to key government customers in the healthcare, education, airport, railways and metro infrastructure sectors, including to Maha Mumbai Metro Operation Corporation Limited and Education Department, Brihanmumbai Municipal Corporation.

    It has also built expertise in catering to the healthcare, education, airport, railways and metro infrastructure sectors, due to its extensive experience, understanding the unique requirements and challenges in such sectors. As of March 31, 2023, it provided its services to 134 hospitals and medical colleges, 224 schools and colleges (other than medical colleges), two airports, four railway stations and 10 metro stations, along with catering services on certain trains/ train routes.

    For more information, click https://krystal-group.com/

    Mediassist Healthcare IPO GMP, Particulars & Guidance

    Krystal Integrated Services IPO Details 
    IPO opens on  14 March 2024 
    IPO closes on  18 March 2024 
    Issue Type Book Built Issue IPO
    Issue Size 4197552 Sh /Rs 300.12 Cr
    * Fresh Issue 2447552 Sh /Rs 175 Cr
    * Offer for Sale  1,750,000 Sh /Rs 125.13 Cr
       
    Face Value per share: Rs. 10
    Price Band  Rs. 680-715
    Retail Discount  Rs 0 per share
    Employee discount  Rs. 0 per share
    Retail Lot Size  20 Shares
    Listing will at  BSE, NSE
    Shares offered in Krystal Integrated Services ? Shares Rs. in Cr
    QIB (50 %)  2098776 150.06
    NII (15 %)    629633   45.01
    RII (35 %)  1469143 105.04
    Employees 
    Total Shares  4197552 300.12
    Retail portion will be oversubscribed by  73457 Forms.
    How to apply in Krystal Integrated Services IPO ? Amount Rs.
    Min Retail Application     20     14300
    Max Retail Application    260   185900
    Small HNI (Min) application    280   200200
    Small HNI (Max) application 1380   986700
    Big HNI Application 1400 1001000

    What is the timetable of Krystal Integrated Services IPO?
    IPO opens on 14 March 2024
    IPO Closes on 18 March 2024
    IPO Allotment on  19 March 2024
    Unblocking of ASBA  20 March 2024
    Credit of Shares 20 March 2024
    Listing on 21 March 2024
    Registered Office of Krystal Integrated Services
    Krystal House 15A 17, Shivaji
    Fort CHS, Duncans Causeway
    Road, Mumbai – 400 022,
    Maharashtra, India
    Who are the Lead Managers of Krystal Integrated Services IPO?
    Inga Ventures Pvt. ltd
    Registrar to IPO
    Link Intime India Private Limited

    Krystal Integrated Services IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. in Cr Rs.in Cr Rs. %
    2020-21 471.29 16.82 14.45 12.36
    2021-22 552.68 26.27 22.69 16.04
    2022-23  707.64 38.44 33.33 23.53
    Book Value of the Share on 31.03.2023 Rs. 141.80    
    BV of the Share after the FPO Rs. ?    
    Offer Price at Cap Rs.  715    
    Krystal Integrated Services IPO
    Ratio Analysis
    Price /EPS 21.45
    Price/Book Value Ratio 7.50
    Price/BV after IPO  ?

    How Krystal Integrated Services IPO compares with the Peers?
    Peer Comparison.

    As on date of DRHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
    Krystal Integrated Services 10     710.97 21.45
    Quess Corp 10   1753.98 33.40
    SIS ltd 5 11345.78 18.97
    Updater Services 10   2098.89 64.65
           
           
           
           

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Krystal Integrated Services IPO Guidance
    Krystal Integrated Services is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies and other government offices), airports, railways and metro infrastructure, and retail sectors. 
    or Fiscals 2021, 2022 and 2023, its revenue from government contracts amounted to Rs.3,271.12 million, Rs.4,050.85 million and Rs.5,212.75 million, respectively, aggregating to 69.41%, 73.30% and 73.66% of our revenue from operations. It provide services to key government customers in the healthcare, education, airport, railways and metro infrastructure sectors, including to Maha Mumbai Metro Operation Corporation Limited and Education Department, Brihanmumbai Municipal Corporation.
    As of March 31, 2023, it provided its services to 134 hospitals and medical colleges, 224 schools and colleges (other than medical colleges), two airports, four railway stations and 10 metro stations, along with catering services on certain trains/ train routes.
    Size: The size of the IPO is just Rs. 300.12 Cr. HNI portion is Rs. 45.01 Cr and Retail portion is Rs. 105.04 Cr with 73457 applications, it can get one time subscribed. So, the IPO will get oversubscribed easily.
    Financials: In India, the market for integrated facilities management services is growing at high rate and in this market, Krystal has created its own space. The company earns strong topline and bottom-line with 23.53% return on NetWorth.
    Guidance: The company operates in fast-growing market of integrated management services. It has good topline and bottomline. The shares are offered at reasonable valuations. However, at the time of listings, these IMS companies have provided negligible returns. So, such trend/sentiment may also affect listing of this IPO. However, for the long-term investors, we recommend, Apply.

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