Krystal Integrated Services Limited IPO

Krystal Integrated Services Limited, established in 2000, is a leading integrated facilities management services provider in India, catering to various sectors such as healthcare, education, public administration, transportation, and retail. The company offers a comprehensive range of services including staffing solutions, payroll management, security services, and catering.

As of September 30, 2023, Krystal Integrated had expanded its services to numerous institutions across sectors, demonstrating its wide market reach. The company has seen steady growth in the number of customers and customer locations served over the past fiscal years, indicating a growing demand for its services.

Financially, Krystal Integrated Services Limited has exhibited growth in total assets, net worth, and total revenue compared to previous fiscal years. The company reported revenue of ₹4,516.08 million as of September 30, 2023. However, it also experienced an increase in total borrowings during this period.

The Krystal Integrated Services Limited IPO is scheduled to be open for subscription from March 14, 2024, to March 18, 2024. The IPO's price and total issue size are yet to be determined. The company aims to utilize the net proceeds for purposes such as loan repayment, meeting working capital requirements, funding capital expenditure, and general corporate purposes.

Strengths of the company include its comprehensive range of services, focused business model, longstanding customer relationships, wide geographic presence, and track record of robust financial performance. However, the company also faces challenges such as revenue concentration, reliance on government contracts, negative cash flows in the past, and ongoing legal proceedings.

Investors interested in the Krystal Integrated Services Limited IPO should conduct thorough due diligence and consider the associated risks before making investment decisions. While the company holds a strong position in its sector, investors should assess its financials, competitive landscape, and growth prospects to make informed investment choices.

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