The IPO of Krystal Integrated Services Limited commenced its public issue on Thursday, March 14, 2024. As per the latest update, the subscription stands at 0.10 times, with the subscription figures at 0.18 times for retail investors, none for Qualified Institutional Buyers (QIB), and 0.03 times for Non-Institutional Investors (NII).
Krystal Integrated Services Ltd offers a diverse range of services across various industries such as healthcare, education, transportation, and infrastructure. With impressive growth and robust financial performance, the company is poised to capitalize on emerging market opportunities and unlock new growth potentials for expansion.
Investors with a medium to long-term perspective are advised to consider subscribing to this IPO, according to a report from Master Capital Services Limited.
Investors interested in participating in the Krystal Integrated Services IPO have until March 18, 2024, to subscribe to the public offering. The finalization of allotments is expected by March 19, 2024, with the company eyeing a listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by March 21, 2024.
As of March 14, 2024, the Grey Market Premium (GMP) for Krystal Integrated Services IPO is Rs 35. With the price band set at Rs 680 to Rs 715 per share, the estimated listing price is expected to be Rs 750, indicating a potential gain of 4.90 percent per share.
Krystal Integrated Services IPO is valued at Rs 300.13 crore, comprising a fresh issue of 24 lakh shares amounting to Rs 175 crore, and an offer for sale of 18 lakh shares totaling Rs 125.13 crore. The minimum lot size is 20 shares, with a minimum investment of Rs 14,300 for retail investors, Rs 200,200 for Non-Institutional Investors (NII), and Rs 1,001,000 for Qualified Institutional Buyers (QIB).
The book-building process for Krystal Integrated Services IPO is spearheaded by Inga Ventures Pvt Ltd, with Link Intime India Private Ltd serving as the registrar. The proceeds from the IPO will be allocated towards debt repayment, funding working capital needs, investment in new machinery, and general corporate purposes.
