Krystal Integrated IPO Soars Past Target on Strong Demand

18 Mar 2024 , 06:00 PM

The issue is fully booked on the final day of bidding, primarily as a result of high demand from retail and non-institutional investors (NII). According to BSE data, as of 17:12 IST, the IPO had received 13.21 times subscriptions. The retail investor category received 3.31 times as many subscriptions as the NII component, which has 43.90 times as many. The subscription for QIBs has been fetched 7.33 times.

According to BSE data, 70% of the Krystal Integrated Services IPO was booked on the second day. The retail sector (58% subscription) and QIBs (57% subscription) had the next greatest subscription rates, with the NII section receiving the highest rate (1.15 times).

On the first day of the Krystal Integrated Services initial public offering (IPO), investors cautiously navigated an extremely tumultuous market. Despite this, the corporation made every effort to continue operating. The Krystal IPO ends today, Monday, March 18, after debuting on Thursday, March 14.

According to BSE data, 36% of subscribers had signed up for the Krystal IPO overall by the end of the first day. On the first day, 43% of NII was booked, 34% of retail investors, and 33% of QIBs were subscribed to.

Not less than 15% of equity shares were set aside for NII, not less than 50% for QIB, and not less than 35% for retail investors in the Krystal IPO.

The price band for the Krystal Integrated IPO has been determined to be between ₹680 and ₹715 per unit, with a face value of ₹10. Investors may bid on a minimum of 20 shares, and they may bid more than that.

Krystal Integrated Services is a well-known provider of integrated facilities management services in India, with an emphasis on public administration (state, local, and other government offices), healthcare, education, airports, rail and metro infrastructure, and retail industries, according to the company’s Red Herring Prospectus (RHP), which cited the F&S Report.

According to BSE data, at 17:12 IST, bids were received for 3,96,26,200 shares of the 29,99,448 shares that were offered in the Krystal Integrated IPO.

Bids for 50,10,080 shares were received by the retail investor component, whereas 15,13,236 shares were offered for this segment.

Out of the 6,48,530 shares on offer for this segment, bids for 2,84,73,560 shares were received for the NIIs part.

Out of the 8,37,682 shares that were offered for this segment, 61,42,560 shares were received by the QIBs component.

The issue consists of a new offering of ₹175 crore and an offer-for-sale (OFS) of up to 1,750,000 equity shares, each with a face value of ₹10. The shareholder offering to sell up to 1,750,000 equity shares with a face value of ₹10 each is Krystal Family Holdings Private Limited.

The corporation intends to use the net proceeds of the new offering for the following purposes: covering working capital needs, financing capital expenditures for the acquisition of new equipment, and other corporate goals. repayment, in full or in part, of some of the debts that the business has taken on.

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The issue is fully booked on the final day of bidding, primarily as a result of high demand from retail and non-institutional investors (NII). According to BSE data, as of 17:12 IST, the IPO had received 13.21 times subscriptions. The retail investor category received 3.31 times as many subscriptions as the NII component, which has 43.90 times as many. The subscription for QIBs has been fetched 7.33 times.

According to BSE data, 70% of the Krystal Integrated Services IPO was booked on the second day. The retail sector (58% subscription) and QIBs (57% subscription) had the next greatest subscription rates, with the NII section receiving the highest rate (1.15 times).

On the first day of the Krystal Integrated Services initial public offering (IPO), investors cautiously navigated an extremely tumultuous market. Despite this, the corporation made every effort to continue operating. The Krystal IPO ends today, Monday, March 18, after debuting on Thursday, March 14.

According to BSE data, 36% of subscribers had signed up for the Krystal IPO overall by the end of the first day. On the first day, 43% of NII was booked, 34% of retail investors, and 33% of QIBs were subscribed to.

Not less than 15% of equity shares were set aside for NII, not less than 50% for QIB, and not less than 35% for retail investors in the Krystal IPO.

The price band for the Krystal Integrated IPO has been determined to be between ₹680 and ₹715 per unit, with a face value of ₹10. Investors may bid on a minimum of 20 shares, and they may bid more than that.

Krystal Integrated Services is a well-known provider of integrated facilities management services in India, with an emphasis on public administration (state, local, and other government offices), healthcare, education, airports, rail and metro infrastructure, and retail industries, according to the company’s Red Herring Prospectus (RHP), which cited the F&S Report.

According to BSE data, at 17:12 IST, bids were received for 3,96,26,200 shares of the 29,99,448 shares that were offered in the Krystal Integrated IPO.

Bids for 50,10,080 shares were received by the retail investor component, whereas 15,13,236 shares were offered for this segment.

Out of the 6,48,530 shares on offer for this segment, bids for 2,84,73,560 shares were received for the NIIs part.

Out of the 8,37,682 shares that were offered for this segment, 61,42,560 shares were received by the QIBs component.

The issue consists of a new offering of ₹175 crore and an offer-for-sale (OFS) of up to 1,750,000 equity shares, each with a face value of ₹10. The shareholder offering to sell up to 1,750,000 equity shares with a face value of ₹10 each is Krystal Family Holdings Private Limited.

The corporation intends to use the net proceeds of the new offering for the following purposes: covering working capital needs, financing capital expenditures for the acquisition of new equipment, and other corporate goals. repayment, in full or in part, of some of the debts that the business has taken on.

For feedback and suggestions, write to us at [e-mail]