Krystal Integrated Services Gears Up for IPO, Files DRHP with SEBI

10 Oct 2023 , 11:41 AM

Krystal Integrated Services is gearing up for its debut on the stock market through an upcoming initial public offering (IPO), as revealed in a draft red herring prospectus (DRHP) recently submitted to the Securities and Exchange Board of India (Sebi). 

This IPO will encompass a fresh equity shares issuance valued at Rs 175 crore, with each crore being approximately equivalent to USD 12 million, along with an offer-for-sale of 17.5 lakh shares by the company’s sole stakeholder, Krystal Family Holdings Pvt Ltd.

The proceeds generated from this IPO will serve multiple purposes, including the repayment of debts, bolstering working capital requirements, acquiring new machinery, and facilitating general corporate initiatives. 

With Inga Ventures Pvt Ltd overseeing the management of the IPO, the company’s shares are slated for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Krystal Integrated Services boasts a diverse portfolio of services spanning various sectors. These encompass integrated facilities management services within sectors such as healthcare, education, public administration, airports, railways, metro infrastructure, and retail. 

Furthermore, Krystal extends its offerings to include staffing solutions, payroll management services, private security and manned guarding services, as well as catering services.