Krystal Integrated Services IPO share allotment status is expected to be finalised on Tuesday, March 19. The company is likely to complete the share allocation process for its initial public offering (IPO) after the end of the subscription period on Monday, March 18.
During the IPO subscription period, which was open from March 14–18, the ₹300-crore public offer attracted significant investor interest as the issue was booked 13.21 times.
Shares of Krystal Integrated Services are expected to be listed on the stock exchanges on March 21.
The Qualified Institutional Buyers’ (QIBs) segment was subscribed 7.3 times while the non-institutional investors’ portion saw the highest demand with total bids for 43.9 times. The retail portion was booked 3.3 times, according to the NSE data.
The IPO comprises a fresh equity issue of 24.4 lakh shares valued at ₹175 crore and an offer for sale of 17.5 lakh shares valued at ₹125.13 crore at the upper price band.
How to check Krystal Integrated Services allotment status
To check the allotment status, IPO participants can visit either the BSE website or the official registrar's website, Link Intime India Pvt Ltd. You can check the IPO share allotment status by following a few simple steps on the BSE website.
Alternatively, visit the website of Link Intime India Pvt Ltd. The IPO share allotment status can also be checked here using PAN, application number, client ID or bank account details.
It is important to note that the IPO share allocation details will appear on screen only after the finalisation of the allotment status by the company.
After the finalisation of the basis of allotment refunds will be initiated for investors who won’t get any allocation. Shares will be credited to the Demat accounts of successful bidders by March 21.
The funds raised from the IPO will be allocated towards repaying debt, financing the company's working capital needs, funding capital expenditures, and supporting general corporate objectives, according to the company.
Krystal Integrated Services IPO price band was fixed in the range of ₹680 to ₹715 per share. The retail investors were allowed to bid for a lot size of 50 shares.
The company garnered ₹90.04 crore from institutional investors through an anchor book that was opened for a single day on March 13.
Established in December 2000, Krystal Integrated Services is a prominent player in India's integrated facilities management services sector. The company caters to various industries, including healthcare, education, airports, railways, metro infrastructure, retail, and public administration, serving state government entities, municipal bodies, and other government offices.
(Edited by : Ajay Vaishnav)
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