Krystal Integrated Services Files IPO Papers with SEBI to Mobilise Funds

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Krystal Integrated Services, a leading integrated facilities management services company, has recently filed preliminary papers with the Securities and Exchange Board of India (SEBI) to mobilise funds through an initial public offering (IPO).

The IPO consists of a fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 17.5 lakh shares by promoter Krystal Family Holdings Pvt Ltd, as stated in the draft red herring prospectus (DRHP) uploaded on SEBI’s website last week. Krystal Family Holdings currently owns 100 per cent stake in the company.

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The proceeds from the fresh issue will be utilised for various purposes, including debt payment, supporting working capital requirements, fund capital expenditure for the purchase of new machinery, and general corporate purposes. This move reflects the company’s strategic approach to strengthen its financial position and expand its operations.

Krystal Integrated Services operates across multiple sectors, including healthcare, education, public administration, airports, railways and metro infrastructure, and retail. The company offers a wide range of services, such as integrated facilities management, staffing solutions, payroll management, private security and manned guarding services, and catering services.

The IPO is being managed by Inga Ventures Pvt Ltd, the sole book running lead manager to the issue. Upon listing, the equity shares of Krystal Integrated Services will be available for trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

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