Krystal Integrated Services IPO

Incorporated in December 2000, Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management. The company offers staffing, payroll management, private security, manned guarding, and catering services.   As of March 31, 2023, the company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations. They also offered catering on some trains.   The company served 262 customers in 2021, 277 in 2022, and 326 in 2023.   As of March 31, 2023, the company served 2,427 customer locations across 14 states and one union territory in India..   As of March 31, 2023, the company has set up 21 branches to expand its geographical reach.   The revenue from operations, total profit for the year (after tax), and EBITDA grew at a compound annual growth rate of 22.54%, 51.17%, and 34.56%, respectively, from Fiscal 2021 to Fiscal 2023.   As of March 31st, 2023, the company has 31,881 employees working on-site in various operations.

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects: Repayment/prepayment, in full or part, of certain borrowings availed of by the Company; Funding working capital requirements of the Company; Funding capital expenditure for the purchase of new machinery; and General corporate purposes

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