Krystal Integrated Services IPO to list on Thursday. What does GMP signal?
Considering the upper price band of Rs 715, the stock is expected to list with a marginal premium of 5%.
However, it is important to note that grey market premiums are just an indicator as to how a company's shares are stacked up in the unlisted market and are subject to change rapidly.
The issue received a decent response from investors with an overall subscription of 12 times at close on strong interest from non-institutional investors.
Ahead of the IPO opening, the company had raised Rs 90.04 crore from 10 anchor investors, including BofA Securities, Aegis Investment Fund, PCC, Saint Capital Fund.
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The funds raised through the IPO will be utilised for repayment of debt, to meet working capital requirements, for capital expenditure as well as for general corporate purposes.
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.
The company boasts of a diverse
