Krystal Integrated Services Limited, renowned for its expertise in delivering top-notch facilities management solutions, is poised to embark on its maiden journey into the public markets through an initial public offering (IPO) scheduled to kick off on Thursday, March 14, 2024.
The company intends to mobilize funds via a combination of fresh issues and an offer for the sale of shares.
Prospective investors keen on seizing a stake in Krystal Integrated Services IPO can partake in the public offering until March 18, 2024.
The finalization of share allotments is slated for March 19, 2024, with the company envisioning the listing of its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by March 21, 2024.
Valued at an estimated Rs 300.13 crore, the Krystal Integrated Services IPO encompasses a fresh issue of 24 lakh shares valued at Rs 175.00 crore and an offer for sale of 18 lakh shares amounting to Rs 125.13 crore.
The IPO's price band is pegged between Rs 680 to Rs 715 per share, with a minimum lot size of 20 shares.
Retail investors are required to commit a minimum of Rs 14,300. Non-institutional investors (NII) are mandated to invest in a minimum of 14 lots (equivalent to 280 shares), amounting to Rs 200,200, while qualified institutional buyers (QIB) must invest in at least 70 lots (equivalent to 1,400 shares), totaling Rs 1,001,000.
Overseeing the book-building process for the Krystal Integrated Services IPO is Inga Ventures Pvt Ltd, with Link Intime India Private Ltd appointed as the registrar.
The funds raised through the IPO are earmarked for diverse purposes, including the repayment of borrowings, catering to working capital needs, investment in new machinery, and fulfilling general corporate objectives.
