₹ 680 - ₹ 715
14-Mar-2024 - 18-Mar-2024
₹ 14300.00



14-Mar-2024 - 18-Mar-2024

₹ 680 - ₹ 715

Price Band

₹ 14300.00

Minimum Investment


Bid Lot



IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 175 Crore and Offer for Sale of 1,750,000 Equity Shares

Category % Shares/Amount
QIB 50% 2,098,755 Shares Rs.150.06 Cr
HNI 1 5% 209,879 Shares Rs.15.01 Cr @ 750 Form 1X
HNI 2 10% 419,755 Shares Rs. 30.01 Cr @ 1499 Form 1X
Retail 35% 1,469,144 Shares Rs. 105.04 Cr @ 73457 Form 1X

BRLMs: Inga Ventures Pvt Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
73457 Form 1X 750 Form 1X 1499 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 20 ₹ 14,300
Retail (Upto 2 Lakh) 13 260 ₹ 185,900
S-HNI (2 Lakh to 10 Lakh) 14 280 ₹ 200,200
S-HNI (2 Lakh to 10 Lakh) 69 1380 ₹ 986,700
B-HNI (Above 10 Lakh) 70 1400 ₹ 1,001,000

IPO Timeline

  • Open Date

  • Close Date

  • Basis of Allotment Date

  • Initiation of Refunds

  • Credit Shares to Demat A/c

  • IPO Listing Date


Subscription as on
18-Mar-2024 15:42

Category Book Size Subscription No. of Times
QIB 839,502 ₹ 60.02 Cr. 5,858,680 ₹ 418.90 Cr. 6.98x
HNI (<10 LAKH) 209,879 ₹ 15.01 Cr. 6,294,060 ₹ 450.03 Cr. 29.99x
HNI2 (>10 LAKH) 419,755 ₹ 30.01 Cr. 21,450,160 ₹ 1533.69 Cr. 51.10x
RETAIL 1,469,144 ₹ 105.04 Cr. 4,325,440 ₹ 309.27 Cr. 2.94x
Total 2,938,280 37,928,340 12.91x
Category Book Size Subscription No. of Times
QIB 839,502 ₹ 60.02 Cr. 5,858,680 ₹ 418.90 Cr. 6.98x
HNI (<10 LAKH) 209,879 ₹ 15.01 Cr. 6,294,060 ₹ 450.03 Cr. 29.99x
HNI2 (>10 LAKH) 419,755 ₹ 30.01 Cr. 21,450,160 ₹ 1533.69 Cr. 51.10x
RETAIL 1,469,144 ₹ 105.04 Cr. 4,325,440 ₹ 309.27 Cr. 2.94x
Total 2,938,280 37,928,340 12.91x

*Excluding Anchor

Total No. of Application Approx : ~225370 (3.07 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The Company was incorporated as ‘Sea King Enterprises Pvt. Ltd’ at Mumbai in 2000. Subsequently the name was changed to “Krystal Integrated Services Ltd” in 2023.  Krystal Integrated Services (“Krystal”) 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.
  • The company operates on a B2B model, with a wide portfolio of services delivering customized solutions to government as well as non-government companies. The company’s range of service offerings include soft services such as housekeeping, sanitation, landscaping and gardening, hard services such as mechanical, electrical, and plumbing services, solid, liquid and biomedical waste management, pest control and façade cleaning and other services such as production support, warehouse management and airport management services (including multi-level parking and airport traffic management).
  • Krystal is a key solutions provider to the government sector and has a track record of executing large contracts and are among select companies in India to qualify for and service large, multi-location government projects.
  • As of September 30, 2023, they provided services to 135 hospitals and medical colleges, 228 schools and colleges (other than medical colleges), one airport, four railway stations and 30 metro stations, along with catering services on certain trains/ train routes.
  • The company has a wide geographic presence serving 309 customers across 2,160 customer locations. As of September 30, 2023, they had 21 branch offices and two warehouses located in 16 states and two union territories in India.
  • Krystal has long-standing relationships with its key customers. Four of the top 10 customers, based on revenue generated in Fiscal 2023, have been associated with them for longer than 10 years. 
  • The company’s revenue from operations grew at a CAGR of 22.54% to ? 707.64 Crore in Fiscal 2023 from ? 471.29 Crore in Fiscal 2021. The PAT grew at a CAGR of 34.56% to ? 38.44 Crore from ? 16.82 Crore during the same period. The ROE improved from 13.18% in Fiscal 2021 to 23.18% in Fiscal 2023. For 6 Months ended September 30th, 2023, the company reported Revenue from operations of ? 451.61 Crore, EBITDA of ? 31.00 Crore, and PAT of ? 20.59 Crore and ROE of 11.71%.

Read More


Competitive Strength 

  • Comprehensive range of service offerings providing one-stop solution to customers;
  • Focused business model which is well-positioned to capture favourable industry dynamics;
  • Longstanding relationship with customers across diverse sectors, with recurring business;
  • Wide geographic presence with large and efficient workforce, coupled with strong recruitment and training capabilities;
  • Historical track-record of strong financial performance, with a scalable, agile and efficient business model;
  • Track record of high quality and efficient service delivery.

 Business Strategies 

  • Retain, strengthen, and grow customer base;
  • Strengthen operations across sectors by capitalizing on growing industry opportunities and adopting a sector wise focus;
  • Capitalise and build upon human resource strength, including recruiting and training capabilities;
  • Focus on operational efficiency;
  • Continue to improve the profits and operating margins.

Company Promoters

Neeta Prasad Lad is the Chairperson and Managing Director of the Company. Pravin Ramesh Lad is a Whole-time Director of the Company. Sanjay Suryakant Dighe is the Chief Executive Officer and Whole-time Director of the Company. Saily Prasad Lad is a Whole-time Director of the Company. Shubham Prasad Lad is a Whole-time Director of the Company. Vijay Kumar Agarwal is an Independent Director of the Company. Sunder Ram Govind Raghavan Korivi is an Independent Director of the Company. Dr. Yaj

Company Financials

Krystal Integrated Services Limited's revenue increased by 28.13% and profit after tax (PAT) rose by 46.89% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 449.83 343.47 404.39 338.47
Revenue 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
Amount in ? Crore

Objects of the Issue

  1. Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
  2. Funding working capital requirements of the Company;
  3. Funding capital expenditure for the purchase of new machinery; and
  4. General corporate purposes

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

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  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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