Krystal Integrated Services Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Krystal Integrat

CMP

723.45

-9.95 (-1.36%)

  • DRHP
₹715

Offer Price

₹ 300.12 Cr

Issue Size

₹ 14,300

Min Investment

13.21x

Times Subscribed

20

Lot size

Time Line

  • 14
    Mar 2024
    Open
  • 18
    Mar 2024
    Close
  • 19
    Mar 2024
    Finalisation of Basis of Allotment
  • 20
    Mar 2024
    Initiation of Refunds
  • 20
    Mar 2024
    Transfer of Shares to Demat Account
  • 21
    Mar 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Retain, strengthen and grow customer base.

  • Strengthen operations across sectors by capitalizing on growing industry opportunities and adopting a sector wise focus.

  • Capitalise and build upon human resource strength, including recruiting and training capabilities.

  • Focus on operational efficiency.

  • Continue to improve its profits and operating margins.

Products & Services

  • Krystal Integrated Services Limited is one of India`s leading integrated facilities management services companies with a focus on healthcare, education, public administration, airports, railways and metro infrastructure, and retail sectors.

Strengths

  • Comprehensive range of service offerings providing one-stop solution to customers.

  • Focused business model which is well-positioned to capture favourable industry dynamics.

  • Longstanding relationship with customers across diverse sectors, with recurring business.

  • Wide geographic presence with large and efficient workforce, coupled with strong recruitment and training capabilities.

  • Historical track-record of strong financial performance, with a scalable, agile business model, with revenue from operations amounting to Rs. 4,712.89 million, Rs. 5,526.76 million, Rs. 7,076.36 million and Rs. 4,516.08 million in Fiscals 2021, 2022 and 2023 and six months ended September 30, 2023, respectively, and total profit for the year (after tax) amounting to Rs. 168.24 million, Rs. 262.74 million, Rs. 384.44 million and Rs. 205.86 million in Fiscals 2021, 2022 and 2023 and six months ended September 30, 2023, respectively.

Risks

  • Its revenue from operations is highly dependent upon a limited number of customers.

  • A significant part of its revenue is generated from government contracts obtained through a competitive bidding process. There can be no assurance that its will qualify for, or that the company will successfully compete and win such tenders, or maintain these customer relationships.

  • A significant portion of its revenues are derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on its business, cash flows, results of operation and financial condition.

  • Its business revenue from operations is concentrated in a few segments.

  • Operational risks are inherent in its business as it includes rendering services in diverse environments depending on customer requirements. A failure to manage such risks including any errors, defects or disruption in its service or inability to meet expected or agreed service standards, could have an adverse impact on its business, cash flows, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
99.99%
Pre Holding

99.99%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 552.68 (17.30%) 707.64 (28.00%) 23.53 (-)
Gross Profit 552.68 (17.30%) 707.64 (28.00%) 23.53 (-)
Net Income 552.68 (17.30%) 707.64 (28.00%) 23.53 (-)
Assets 552.68 (17.30%) 707.64 (28.00%) 23.53 (-)
Liabilities 552.68 (17.30%) 707.64 (28.00%) 23.53 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Krystal Integrated Services Ltd 707.64 38.44 214.22 50.81 23.53 66.72 283.60 1.65 0.24
Quess Corp Ltd 17,158.39 224.42 6,118.77 6,118.77 8.73 15.04 184.23 3.66 0.21
SIS Ltd 11,345.78 346.39 5,712.70 5,712.70 14.84 23.43 160.11 6.06 0.65
Updater Services Ltd 2,098.89 35.79 1,216.95 1,216.95 9.39 6.77 73.24 2.94 0.46

Book Running Managers

  • Inga Ventures Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Krystal House 15A 17 Shivaji,
Fort CHS Duncans Causeway Road,
Mumbai - 400022
Phone : 91 22 4353 1234 Email : company.secretary@krystal-group.com www.krystal-group.com

Offer Related Information

Initial public offering of 41,97,552 equity shares of face value of Rs. 10 each (the "Equity Shares") of Krystal Integrated Services Limited (The "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 715 per equity share (including a premium of Rs. 705 per equity share) (the "Offer Price") aggregating to Rs. 300.12 crores comrising of a fresh issue of 2,447,552 equity shares aggregating to Rs. 175.00 crores (the "Fresh Issue") and an offer for sale of 1,750,000 equity shares... More

News

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