Krystal Integrated Services Limited – Globe Capital Market LTD.
Krystal Integrated Services Limited
Closed
Price Band
₹680 to ₹715
IPO Issue Period
Mar 14, 2024 to Mar 18, 2024
Issue Size
300.13 Cr
Face value
₹10 per share
Fresh issue
175.00 Cr
Offer for sale
125.13 Cr
Minimum Shares for Retail
20 Shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
March 21, 2024
QIB
50%
NII
15%
Retail
35%

Inga Ventures Pvt Ltd

Incorporated in December 2000, Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management.

The company offers staffing, payroll management, private security, manned guarding, and catering services.
As of March 31, 2023, the company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations. They also offered catering on some trains.
The company served 262 customers in 2021, 277 in 2022, and 326 in 2023.
As of March 31, 2023, the company served 2,427 customer locations across 14 states and one union territory in India..
As of March 31, 2023, the company has set up 21 branches to expand its geographical reach.
The revenue from operations, total profit for the year (after tax), and EBITDA grew at a compound annual growth rate of 22.54%, 51.17%, and 34.56%, respectively, from Fiscal 2021 to Fiscal 2023.
As of March 31st, 2023, the company has 31,881 employees working on-site in various operations.

For year/ period ended ( in Cr.)

Particulars H1FY23 FY22 FY21
Total Revenue 710.97 554.86 474.31
Profit After Tax 38.41 26.15 16.65
EPS 33.33 22.69 14.45
OPM (%) 7.70% 8.22% 6.39%
PATM (%) 5.43% 4.75% 3.57%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Krystal Integrated Services Ltd 998 *715 4.49 21.6 710.97 38.41
SIS Ltd. 6,547 454 2.71 22.21 12,119.45 269.74
Updater Services Ltd. 2,258 337 1.58 63.09 2,098.89 34.61

 

*Market cap @upper band 

• Comprehensive range of service offerings providing one-stop solution to customers;
• Focused business model which is well-positioned to capture favourable industry dynamics;
• Longstanding relationship with customers across diverse sectors, with recurring business;
• Wide geographic presence with large and efficient workforce, coupled with strong recruitment and training capabilities;
• Historical track-record of strong financial performance, with a scalable, agile business model.

• Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
• Funding working capital requirements of the Company;
• Funding capital expenditure for the purchase of new machinery; and
• General corporate purposes

At the upper band of Rs. 715, the IPO is valued at 21.6 times of P/E multiple. Hence, it is worth considering for the medium to long term rewards.

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