Krystal Integrated Services Limited, specialising in facilities management services, is set to launch its initial public offering (IPO) on Thursday, March 14, 2024.
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The company aims to raise funds through a mix of fresh issue and an offer for sale of shares..
Potential investors interested in participating in Krystal Integrated Services IPO can subscribe to the public issue until March 18, 2024.
The allotment is expected to be finalised by March 19, 2024. The company anticipates listing its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by March 21, 2024.
Krystal Integrated Services IPO is valued at Rs 300.13 crore. This comprises a fresh issue of 24 lakh shares, amounting to Rs 175.00 crore, and an offer for sale of 18 lakh shares, totalling Rs 125.13 crore.
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The IPO price band is set between Rs 680 to Rs 715 per share, with a minimum lot size of 20 shares.
Retail investors are required to invest a minimum of Rs 14,300. For non-institutional investors (NII), the minimum lot size investment is 14 lots (280 shares), amounting to Rs 200,200, and for qualified institutional buyers (QIB), it is 70 lots (1,400 shares), totaling Rs 1,001,000.
Inga Ventures Pvt Ltd is leading the book-building process for the Krystal Integrated Services IPO, with Link Intime India Private Ltd acting as the registrar.
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The proceeds from the IPO will be utilised for various purposes, including repayment of borrowings, funding working capital requirements, investment in new machinery, and general corporate purposes.
