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Krystal Integrated Services IPO Sees Modest Interest on Day 2

15 Mar 2024 , 06:07 PM

Krystal Integrated Services IPO: On day two of the public offering, more over 50% of the subscriptions were received despite market instability. On March 14, 2024, subscriptions to the issue became available.

As of 17:15 pm the QIB section had been subscribed 57%, the NII category had been oversubscribed 1.15 times. Retail Investors’ portion had subscribed to 58%. Overall 70% of the IPO had been subscribed on day 2.

A new issuance of approximately 2,447,552 shares priced at ₹175.00 crores and an offer to sell 1,750,000 equity shares, valued at ₹125.13 crores, make up the ₹300.13 crore Krystal Integrated Services issue.

In the Krystal integrated Services IPO, not less than 15% of equity shares have been set aside for NII, not more than 50% for QIB, and not less than 35% for retail investors.

The subscription period for the Krystal Integrated Services IPO began on March 14, 2024, and ends on Monday, March 18, 2024.

With a face value of ₹10, the pricing range for the Krystal Integrated IPO is ₹680 to ₹715 per share. After the first 20 shares are up for sale, investors may place additional bids in multiples of 20.

One of India’s leading suppliers of integrated facilities management services, Krystal Integrated Services focuses on the public administration (state, local, and other government offices), healthcare, education, airports, rail and metro infrastructure, and retail sectors, according to the company’s Red Herring Prospectus (RHP), which cited the F&S Report.

As of March 31, 2023, Krystal Integrated Services was one of the few companies in India providing a wide range of integrated facility management services across many industries, with a large customer base, a broad geographic reach, and the ability to serve nearly every end-user category.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • BSE
  • IPO
  • Krystal Integrated Services
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