Krystal Integrated Services IPO Details
| ipo Date | Min. Investment | Lot Size | Price Range | Issue Size | IPO Doc |
|---|---|---|---|---|---|
| 14 Mar – 18 Mar 2024 | ₹13,600 | 20 | ₹680 – ₹715 | 300.13 Cr | View |
About Krystal Integrated Services IPO
Krystal Integrated Services Limited provides comprehensive facilities management solutions across various sectors including healthcare, education, public administration, airports, railways, metro infrastructure, and retail. Their services range from soft services like housekeeping and landscaping to hard services such as mechanical and electrical maintenance. The company also specializes in waste management, pest control, and staffing solutions. With an extensive portfolio, they cater to a diverse clientele including hospitals, educational institutions, airports, railways, and metro stations. Established in 2000, the company is led by Managing Director Mrs. Neeta Prasad Lad.
Krystal Integrated Services IPO timeline:
| Krystal Integrated Services IPO | Date |
|---|---|
| IPO Offer Start | 14 March 2024 |
| IPO Offer Ends | 18 March 2024 |
| Allotment Finalisation | 19 March 2024 |
| Refund Initialisation | 20 March 2024 |
| Share Transfer to Demat | 20 March 2024 |
| Date of Listing | 21 March 2024 |
| Lot Size | 20 |
Financial Performance Overview
The financial performance overview of Krystal Integrated Services IPO demonstrates a consistent growth trajectory, with revenue increasing from 471 in 2021 to 708 in 2023, accompanied by a rise in total assets and profit over the same period.
| Year | Revenue | Total Assets | Profit (PAT) |
|---|---|---|---|
| 2021 | 471 | 338 | 16.65 |
| 2022 | 553 | 404 | 26.15 |
| 2023 | 708 | 343 | 38.41 |
Strengths and Risks of Krystal Integrated Services IPO
Strengths:
- Client Growth: Steady increase in customers served and locations serviced reflects expanding market reach and demand for services.
- Revenue Stability: Substantial revenue from government contracts provides a reliable income stream, contributing to operational consistency.
- Quality Certifications: Holding various quality certifications demonstrates commitment to excellence and enhances credibility in the industry.
Risks:
- Customer Dependency: Heavy reliance on a few customers for revenue exposes vulnerability to changes in client relationships or contract renewals.
- Legal Proceedings: Involvement in unresolved legal matters poses potential liabilities and reputational risks, impacting business operations.
- Contract Renewal Risks: Business continuity depends on successful contract renewals and new acquisitions, posing uncertainty in revenue generation.
- Workforce-related Risks: Large workforce deployment increases exposure to service-related claims, regulatory risks, and disruptions, affecting operational efficiency and financial stability.
- Employee Benefit Expenses: High proportion of expenses allocated to employee benefits poses financial strain and impacts profitability, requiring careful management.
