Krystal Integrated Services IPO: Krystal Integrated Services Limited is coming with an IPO of Rs 300 crore. This IPO will open on March 14, 2024, and will remain open till March 18. The price band of the IPO has also been decided. Today in this article we will learn about Krystal Integrated Services IPO GMP, price band, Lot Size, allotment, Listing, Review, etc.
Krystal Integrated Services IPO Details
Facility management services company Crystal Integrated Services has come with its IPO. On Thursday, March 14, 2024, the IPO of Crystal Integrated Services will go live for subscriptions, and it will end on Monday, March 18, 2024.
| IPO Dates | 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 |
| Shareholding pre-issue | 11,524,400 |
| Shareholding post issue | 13,971,952 |
Crystal Integrated Services IPO is a book-built issue of Rs 300.13 crore. This includes fresh issues to offer fall sales (OFS). The company will issue new shares worth Rs 175 crore under the IPO. Apart from this, Crystal Family Holdings Private Limited will make an offer for the sale of 17.5 lakh shares.
Price Band and Lot Size
The price band of Krystal Integrated Services IPO has been fixed at Rs 680 to Rs 715 per share. Twenty shares make up each lot in the IPO. And investors can also bid in multiples thereof. Retail investors will have to invest at least Rs 14,300 in the IPO. With this, let us tell you that the AVP Infracon IPO is open from today.
| 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 |
50% of the IPO is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Krystal Integrated Services IPO Allotment
Shares will be allotted to investors who stake in Crystal Integrated Services IPO on Tuesday, March 19, 2024, while refunds will be given on Wednesday, March 20, 2024. Signoria Creation IPO will be listed on the 19th.
Inga Ventures Pvt Ltd is the book-running lead manager of Crystal Integrated Services IPO, while Link Intime India Pvt Ltd is the registrar of 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 Listing
Crystal Integrated Services IPO will be listed on BSE. The IPO listing will take place on Thursday, March 21, 2024.
Prasad Minesh Lad, Neeta Prasad Lad, Sally Prasad Lad, Shubham Prasad Lad, and Crystal Family Holdings Private Limited are the promoters of the company.
Krystal Integrated Services IPO GMP
Crystal Integrated IPO is trading at a premium of ₹70 in the gray market today, Investor Gain reports. That means investors can profit 9.79 percent on the very first day. According to this, the listing of IPO can be done at Rs 785.
Where will the company use the money?
Out of the money received from the IPO, the company will spend Rs 10 crore in repaying the loan. Apart from this, new machinery will be purchased for Rs 10 crore. And Rs 100 crore will be spent to meet the working capital requirement. The remaining money will be used to fulfill general corporate purposes.
About Krystal Integrated Services Ltd
Crystal Integrated Services Limited was incorporated in December 2000. Crystal Integrated is a company that provides facility management services. Crystal Integrated Services Limited works on the b2b model. It provides services like housekeeping, sanitation, landscaping, gardening, mechanical, electrical, plumbing, waste management, pest control, facade cleaning, and services like production support, warehouse management, and airport management. Provides.
The company also provides staffing, payroll management, private security, manned security, and catering services.
Disclaimer
The information given on Zeeus News does not constitute any investment advice. Before investing in the share market, consult your financial advisor.