Check Krystal IPO GMP, Latest Subscription Status, And More

Krystal Integrated Services is set to raise ₹300.13 crore through its public offering. The IPO, which opened for subscription on March 14, is expected to close today on March 18. The company is gearing up for its listing on the BSE and NSE on March 21.

Krystal IPO Subscription Status

As of 1:42 pm on the final day of bidding, the Krystal Integrated Services IPO has witnessed a subscription of 5.27 times across all categories. The Qualified Institutional Buyers (QIBs) have shown a tepid response with a subscription of 1.15 times, while the Non-Institutional Investors (NIIs) have been more active, subscribing 18.87 times. Retail Individual Investors (RIIs) have also participated with a subscription rate of 1.73 times.

Krystal IPO GMP

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The Krystal IPO GMP is currently reported at ₹73. With a price band of 715, Krystal IPO's estimated listing price is ₹788, a premium of around 10.21%. It is crucial to understand that GMP is merely an unofficial gauge of market sentiment and should not be the sole factor considered when assessing the potential performance of the company upon its stock market debut.

Krystal IPO Details

The Krystal IPO comprises a combination of a fresh issue of 0.24 crore shares, raising ₹175 crores, and an offer for sale (OFS) of 0.18 crore shares, amounting to ₹125.13 crores. Priced between ₹680 and ₹715 per share.

The funds raised through the IPO will serve various purposes, with ₹100 crores allocated for meeting working capital requirements. Additionally, ₹10 crores each will go towards debt repayment and the purchase of new machinery. The remaining funds will be utilized for general corporate purposes, ensuring a strategic allocation of capital to support Krystal’s growth and operational needs.

About Krystal Integrated Services

Krystal Integrated Services is a leading provider of Integrated Facility Management Services. The company offers a wide range of services, including housekeeping, security, catering, pest control, and landscaping, among others. The company’s clientele spans across various sectors, including corporate, healthcare, retail, hospitality, and education.

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