Krystal Integrated Services IPO : Here are 10 key thing to know from the RHP before subscribing to the issue
₹300.13 crore Krystal Integrated Services issue consists of an offer to sale of 1,750,000 Equity shares, valued at ₹125.13 crores, and a new issuance of around 2,447,552 shares valued at ₹175.00 crores. Not less than 15% of equity shares have been set aside for NII, not more than 50% for QIB, and not less than 35% for retail investors in the Krystal integrated Services IPO. Krystal Integrated Services IPO opened for subscription on March 14, 2024 and closes on Monday, March 18'2024.
The price band for the Krystal Integrated IPO has been set between ₹680 and ₹715 per share of a face value of ₹10. Investors may bid on a minimum of 20 shares, and they may bid more in multiples thereafter. Also Read-Enser Communications IPO opens for subscription; 10 key things to know The Krystal Integrated Services IPO allotment is likely to be finalised on Tuesday March 20, while the listing date is tentatively set for March 21, 2024, and the issue is being proposed for listing on the BSE and NSE Krystal Integrated Services intends to use the net proceeds of the new issuance for the following objectives- a.
financing capital expenditures for the purchase of new machinery b. satisfying working capital requirements, and c. general corporate purposes.
d. repayment, in full or in part, of certain debts that the company has obtained. According to the company's Red Herring Prospectus (RHP), which cited the F&S Report, Krystal Integrated Services is one of India's top providers of integrated facilities management services, with a focus on the public administration (state, local, and other government offices), healthcare, education, airports, rail and metro infrastructure, and retail industries.
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