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 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 |
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Who are the Lead Managers of Krystal Integrated Services IPO? Inga Ventures Pvt. ltd |
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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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