Krystal Integrated Services IPO: 36% subscription to issue on first day; Check GMP and other important details

Subscription Status for Krystal Integrated IPO: Today, the first day of Krystal Integrated Services' IPO, investors nervously tried to navigate a very volatile market. Still, the company did its best to carry on. Krystal's IPO closes on Monday, March 18, after opening today, March 14. There are still two days left for the Krystal Integrated IPO IPO to reach the full number of subscriptions.

At the end of the first day, the overall Krystal IPO subscription status stood at 36%, according to BSE data. Non-institutional investors (NII) with a share of 43% and retail investors with a share of 34% led the numbers for the first day. Qualified Institutional Buyers (QIBs) were also subscribed by 33% on the first day.

Also Read: Krystal Integrated Services IPO opens today. GMP, subscription status for review. Buy or not?

Krystal's IPO reserved no more than 50% of shares for QIB, no less than 15% for NII and no less than 35% for retail investors.

The price range for Krystal Integrated's IPO is in the range of ₹680 tons ₹715 per piece of face value of ₹10. The minimum number of shares investors can bid on is 20, and they can bid more.

Also Read: Krystal Integrated IPO Open for Subscription: 10 Important Risks Investors Should Know Before Investing

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Krystal Integrated Services IPO details.

According to the company, Krystal Integrated Services is one of India's leading providers of integrated facilities management services with a focus on public administration (state, local and other government agencies), healthcare, education, airports, rail and metro. infrastructure and retailer Red Herring Prospectus (RHP), which cited the F&S report.

As of March 31, 2023, the Company was among the few in India to offer a wide range of integrated facility management services across many verticals, with a large customer base, broad geographical reach and the ability to serve almost all end-user groups.

Krystal Integrated Services IPO Subscription Status

According to the BSE, the IPO of Krystal Integrated Services received offers for 10,79,240 shares against 29,99,448 shares offered.

The retail portion received bids for 29,99,448 shares as against 15,13,236 shares offered for this segment.

The NIIs unit received offers for 2,80,320 shares against 6,48,530 shares offered for this segment.

The QIB unit has received 2,79,720 shares against 8,37,682 shares offered for this segment.

Also Read: Krystal Integrated IPO: Mumbai-based company collects profits ₹90 crore by anchor book before public issue

Krystal Integrated Services IPO details

The IPO consists of a new issue of ₹175 crore and an Offer for Sale (OFS) from Krystal Family Holdings Private Limited, the selling shareholder, of up to 1,750,000 shares of face value ₹10 each.

The net proceeds of the new issue will be used by the company for the following reasons: meeting working capital requirements, financing capital expenditure for acquisition of new machinery and general corporate purposes. full or partial repayment or repayment of certain loans taken out by the company.

Inga Ventures Pvt Ltd is the book-running lead manager of the IPO while Link Intime India Private Ltd is the registrar of the issue.

Krystal Integrated Services IPO GMP today

Krystal Integrated IPO GMP is at +37 today. This suggests that Krystal Integrated Services' share price was trading at a premium of ₹37 on the gray market, according to investorgain.com.

The expected listing price of the Krystal Integrated Services shares was included ₹752 per piece, which is 5.17% higher than the IPO price of ₹715, taking into account the upper end of the IPO price range and the existing premium in the gray market.

“Gray market premium” indicates investors’ willingness to pay more than the issue price.

Also Read: Krystal Integrated Services IPO opens tomorrow: GMP, issue details, 10 important things to know before investing

Disclaimer: The above views and recommendations are those of individual analysts, experts and brokerage firms, not Mint. We recommend investors consult certified experts before making an investment decision.

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