Krystal Integrated Services Lists at 11% Premium at Rs 795 per share on BSE

Krystal Integrated Services Limited is a company that provides facilities management services, debuted on the Indian stock market today.

The stock of Krystal Integrated Services Limited opened at Rs 795 per share on the BSE, indicating an impressive 11.18% premium over the final issue price of Rs 715 per share. The market capitalization on the BSE stands at Rs 1074.72 crore. Conversely, it debuted at Rs 785 per share on the NSE, representing a premium of 9.80%.

IPO Proceeds

The company aims to use the Net Proceeds from the Fresh Issue for Repayment or partial repayment of existing borrowings, Meeting working capital needs, Investing in new machinery, and for General corporate purposes.

Business Overview

Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical, and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management.

The company offers staffing, payroll management, private security, manned guarding, and catering services.

Subscription details

On March 18, 2024, the final day of the IPO window, the IPO witnessed an impressive response, with a subscription rate of 13.49 times. The public issue received remarkable interest, with the retail category being subscribed 3.42 times, while the DII and NII categories reached a subscription rate of 7.32 and 45.23 times respectively.

The IPO price band was Rs 680 and Rs 715, with a face value of Rs 10 per share and a lot size of 20 shares. The total size of the company’s IPO was Rs 300.13 crore, and the final share issue price was fixed at Rs 715 each.

Conclusion

The crucial question that arises in everyone’s mind is whether to hold onto the shares or book profits. Investors who applied for listing gains only have already earned 11% on the listing day itself and can choose to book the profit it has generated. On the other hand, investors with a higher risk appetite may opt to hold the shares for the medium to long term, which could prove to be beneficial.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.