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Krystal Integrated Services IPO
Price Band
₹680.0–715.0
Issue Size
₹300.12 Cr
Lot Size
20 shares
Min Investment
₹14,300
GMP
+₹60.0 (8.39%)
Issue Price
₹715.0
Subject to Sauda
₹900
Paid only if allotted
Krystal Integrated Services IPO AI Summary
- Krystal Integrated Services IPO is listed on BSE, NSE in the Diversified Commercial Services sector.
- Price band: ₹680.0–₹715.0 per share, lot size 20 shares (min. investment ₹14,300).
- Subscription window: 14 Mar–18 Mar 2024, listing on 21 Mar 2024.
- Current GMP is +₹60.0 (8.39%), an estimated listing price of ₹775 — unofficial and can change daily.
Krystal Integrated Services Limited is a facilities management company with a diverse service offering and a growing customer base. The IPO aims to raise funds for various corporate purposes, and while the company has shown significant growth in revenue and profit, investors should consider their risk tolerance and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Krystal Integrated Services IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Mar 2024 — not a current signal.
5 of 6 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Krystal Integrated Services IPO Grey Market Premium (GMP) Today
GMP
+₹60.0
GMP %
+8.39%
Est. Listing
₹775.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in December 2000, Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management. The company offers staffing, payroll management, private security, manned guarding, and catering services. As of March 31, 2023, the company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations. They also offered catering on some trains. The company served 262 customers in 2021, 277 in 2022, and 326 in 2023. As of March 31, 2023, the company served 2,427 customer locations across 14 states and one union territory in India.. As of March 31, 2023, the company has set up 21 branches to expand its geographical reach. The revenue from operations, total profit for the year (after tax), and EBITDA grew at a compound annual growth rate of 22.54%, 51.17%, and 34.56%, respectively, from Fiscal 2021 to Fiscal 2023. As of March 31st, 2023, the company has 31,881 employees working on-site in various operations.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 449.83 | 343.47 | 404.39 | 338.47 |
| Total Income | 455.67 | 710.97 | 554.86 | 474.31 |
| Profit After Tax | 20.56 | 38.41 | 26.15 | 16.65 |
| NET Worth | 183.68 | 163.41 | 163.86 | 136.08 |
| Reserves and Surplus | 170.09 | 155.27 | 156.04 | 129.76 |
| Total Borrowing | 103.36 | 47.99 | 72.55 | 65.31 |
Key Ratios
EPS
₹33.33
NAV
₹159.39
ROE
11.71%
ROCE
16.97%
RoNW
11.21%
P/B Value
4.49
P/E Ratio
21.45
Market Cap
₹998.99 Cr
PAT Margin
4.56%
Debt/Equity
0.58
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Updater Services Limited | 71.93 | 9.4% | 64.65 | 6.77 | 6.7 |
| SIS Limited | 159.23 | 14.85% | 18.54 | 23.64 | 23.43 |
| Quess Corp Ltd | 173.43 | 8.74% | 30.06 | 15.16 | 15.04 |
| Krystal Integrated Services Limited This IPO | 141.8 | 23.53% | — | 33.33 | 33.33 |
Promoters
Prasad Minesh Lad, Neeta Prasad Lad, Saily Prasad Lad, Shubham Prasad Lad and Krystal Family Holdings Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/prepayment, in full or part, of certain borrowings availed of by our Company 10.00 2 Funding working capital requirements of our Company 100.00 3 Funding capital expenditure for purchase of new machinery 10.00 4 General corporate purposes 43.37
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹474.31 Cr in the fiscal year ending March 31, 2021, rising to ₹554.86 Cr by March 31, 2022, and further increasing to ₹710.97 Cr by March 31, 2023. However, the latest figure of ₹455.67 Cr as of September 30, 2023, is a 9-month figure and not directly comparable to the previous full fiscal year.
Profit Trend
Profit after tax was ₹16.65 Cr in the fiscal year ending March 31, 2021, increasing to ₹26.15 Cr by March 31, 2022, and further rising to ₹38.41 Cr by March 31, 2023. The latest figure of ₹20.56 Cr as of September 30, 2023, is also a 9-month figure and not directly comparable to the previous full fiscal year.
Valuation
At the issue price of ₹715.0, Krystal Integrated Services has an implied P/E ratio of 21.45 based on its EPS of ₹33.33. This is compared to peers with P/E ratios ranging from 18.54 to 64.65.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading in the grey market. A positive GMP suggests that the stock may list at a higher price than the issue price, reflecting investor demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and the company's growth potential.
Who May Want to Wait
Those who prefer stable investments with lower risk may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainty in early trading.
IPO Timeline, Explained
The IPO opens for subscription on March 14, 2024, and closes on March 18, 2024. Allotment of shares will be done on March 19, 2024, with the listing date set for March 21, 2024.
Listing Gains — The Risk
While listing gains can be enticing, they are not guaranteed. Market conditions, investor sentiment, and overall demand can significantly affect the stock's performance on its first day of trading.
This evaluation is generated from Krystal Integrated Services's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Krystal Integrated Services IPO GMP today?
Krystal Integrated Services IPO GMP today is +₹60.0 (8.39%), indicating an estimated listing price of ₹775. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Krystal Integrated Services IPO?
The price band of Krystal Integrated Services IPO is ₹680.0–₹715.0 per share.
When does Krystal Integrated Services IPO open and close?
Krystal Integrated Services IPO opens on 14 March 2024 and closes on 18 March 2024.
When does Krystal Integrated Services IPO list on the stock exchange?
Krystal Integrated Services IPO listed on 21 March 2024 at ₹775.0.
What is the lot size for Krystal Integrated Services IPO?
The lot size for Krystal Integrated Services IPO is 20 shares, requiring a minimum investment of ₹14,300.
What is the lot size for the IPO?
The lot size is 20 shares.
What is the minimum investment required?
The minimum investment required is ₹14,300.
What is the price band for the IPO?
The price band is between ₹680.0 and ₹715.0.
When is the listing date?
The listing date is March 21, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing gain based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
14 Mar 2024
Close
18 Mar 2024
Allotment
19 Mar 2024
Listing
21 Mar 2024
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