How To Check Krystal IPO Allotment Status

Krystal Integrated Services is looking to raise ₹300.13 crore through its public offering. The Krystal IPO opened for subscription on March 14 and closed on March 18. The Krystal IPO allotment status is set to be finalised today, March 19.

If you applied for the IPO, here is how you can check the Krystal IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Krystal IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Krystal Integrated Services" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Krystal IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Krystal Integrated Services" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Krystal Integrated Services IPO allotment status will be visible.

Krystal IPO Subscription Status

By the final day of bidding, the Krystal Integrated Services IPO witnessed a subscription of 13.21 times across all categories. The Qualified Institutional Buyers (QIBs) have shown some interest with a subscription of 7.33 times, while the Non-Institutional Investors (NIIs) have been the most active, subscribing 43.91 times. Retail Individual Investors (RIIs) have also participated with a subscription rate of 3.32 times.

Krystal IPO GMP

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The Krystal IPO GMP is currently reported at ₹66. With a price band of 715, Krystal IPO's estimated listing price is ₹781, a premium of around 9%. 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 company’s potential performance upon its listing.

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 company is gearing up for its listing on the BSE and NSE on March 21.

The funds garnered through the IPO will be allocated for several key purposes. Specifically, ₹100 crores will be directed towards fulfilling working capital requirements, ensuring smooth operational functions. Another ₹10 crores will be dedicated to debt repayment, aimed at enhancing the company’s financial stability. Additionally, ₹10 crores will be allocated for the procurement of new machinery, facilitating technological advancements and operational efficiency. The remaining funds will be utilized for general corporate purposes.

About Krystal Integrated Services

Krystal Integrated Services is a provider of Integrated Facility Management Services, offering a diverse array of solutions to meet clients’ needs. Their comprehensive service portfolio includes housekeeping, security, catering, pest control, landscaping, and more. With a broad clientele encompassing corporate, healthcare, retail, hospitality, and educational sectors, Krystal caters to a wide range of industries, ensuring their facilities are well-maintained and operating smoothly.

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Posted In: NewsIPOsKrystal Integrated Services