Krystal Integrated Services lists at Rs 785 on the National Stock Exchange, a premium of 10% to the issue price of Rs 715. The company opened its retail bidding on March 14 and closed on March 18. The company offered 4.2 million shares at a value of Rs 300.13 crore via a combination of a fresh issue and an offer for sale.  

In the unofficial market, the company’s stocks were fetching a premium of over 8% to its issue price, giving investors a cue on how the stock would perform during its debut in the secondary market. 

Krystal Integrated Services IPO Shares

A retail participant had to bid for a minimum of 20 shares valued at Rs 14,300. The company’s shares were listed on both NSE and BSE. 

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Inga Ventures was the book-running lead manager for the IPO of Krystal Integrated Services. The company chose Link Intime India as the registrar for the issue.

The company raised funds for the payment of borrowings, funding working capital, buying new machinery, and other general corporate purposes. The aforementioned things will be funded through the net proceeds of the fresh issue, while the money raised via offer for sale – Rs 125.13 crore – will go to shareholders selling their stake in the company.

The company is in the business of facilities management services catering to hospitals, schools, airports, railway stations, and metro stations. It provides a range of services like housekeeping, sanitation, gardening, waste management, mechanical, etc. It also provides production support, warehouse management, and airport management services.

Check allotment: Krystal Integrated Services IPO last day; allotment likely on March 19; Here’s how you can check status