March 14, 2023
New Delhi, India
Krystal Integrated Services IPO
Krystal Integrated Services is gearing up for its initial public offering (IPO), scheduled to open for subscription on March 14. This article provides comprehensive insights into the IPO, including issue details, key highlights, and essential information for potential investors.
Key Highlights:
- IPO Dates: The Krystal Integrated Services IPO opens on March 14 and closes on March 18, offering investors a five-day window for subscription.
- Price Band: The IPO price band is set at ₹680 to ₹715 per share, providing investors with an opportunity to participate in the offering within the specified range.
- Lot Size: Investors can bid for a minimum of 20 shares and in multiples thereof, facilitating participation based on individual investment preferences.
- Anchor Investors: The allocation to anchor investors is scheduled for March 13, offering institutional investors an early opportunity to secure their stakes in the IPO.
- Issue Details: The IPO comprises a fresh issue of ₹175 crore and an offer-for-sale (OFS) of up to 1,750,000 equity shares by the selling shareholder, Krystal Family Holdings Private Limited.
- Objectives: Krystal Integrated Services plans to utilize the net proceeds from the IPO for various purposes, including working capital needs, funding capital expenditure, and general corporate purposes.
- Listing Date: The anticipated schedule is as follows: The IPO basis of allotment is set to be confirmed by March 19, with refund procedures commencing on March 20. Allocation of shares to allottees’ demat accounts is expected to occur on the same day, followed by listing on both the BSE and NSE on March 21.
- Lead Manager and Registrar: Inga Ventures Pvt Ltd serves as the book running lead manager for the IPO, while Link Intime India Private Ltd acts as the issue’s registrar.
- IPO Reservation: The IPO reserves not more than 50% of shares for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and a minimum of 35% for retail investors.
- Grey Market Premium (GMP): As per reports, the Krystal Integrated IPO GMP stands at +70, indicating a premium of ₹70 in the grey market. This suggests investor interest and readiness to pay a premium over the issue price.
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Closure:
With the Krystal Integrated Services IPO opening soon, investors have the opportunity to participate in the company’s growth journey. Understanding the IPO details, including price band, objectives, and listing date, can help investors make informed decisions. Stay updated with the latest developments to capitalize on investment opportunities in the dynamic IPO market.
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Disclaimer:
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