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The initial public offering (IPO) of Krystal Integrated Services will open for subscription on Thursday. The issue closes on March 18. Through the public offer, the company plans to raise around Rs 300 crore. Here are 10 things to know about Krystal Integrated Services IPO before subscribing to the issue.

1) What is the business overview of Krystal Integrated Services?

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.

2) What is the industry overview of Krystal Integrated Services?

In FY23, the Indian outsourced integrated facility management market was estimated to be Rs 98000 crore. The outsourced integrated facility management market in India is expected to grow at a CAGR of 14.6% between FY23-28, with a potential market size of Rs 1.93 lakh crore.

3) What is the size of Krystal Integrated Services IPO?

The IPO is a combination of fresh equity issue of 24.4 lakh shares and an offer for sale of 17.5 lakh shares.

4) What is the price band for Krystal Integrated Services IPO?

Krystal Integrated Services has fixed a price band of Rs 680-715 per share for its maiden public offer. At the upper end, the company plans to raise Rs 300 crore.

5) What is the structure of Krystal Integrated Services IPO?

About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% for retail investors.

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6) How is the financial performance of Krystal Integrated Services?

For FY23, the company’s revenue from operations rose 28% year-on-year to Rs 708 crore. Net profit for the same period jumped 46% to Rs 38.4 crore.

7) What are the objects of Krystal Integrated Services IPO?

The funds raised through the IPO will be utilized for repayment of debt, working capital requirements, capital expenditure as well as for general corporate purposes.

8) What is the current GMP of Krystal Integrated Services?

According to market analysts, the current GMP of Krystal Integrated Services is Rs 70 in the unlisted market.

9) Who are the book-running lead managers for Krystal Integrated Services IPO?

Inga Ventures is the sole book-running lead manager for the IPO, while Link Intime India is the registrar.

10) When is the share allotment and listing date of Krystal Integrated Services IPO?

The share allotment for the IPO will be finalised on March 19 and the estimated listing date is March 21.

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