Krystal Integrated Services IPO
Krystal Integrated Services Limited (KRYSTAL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 21 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +7.5% (likely range -10% to +16%), day's high +13.0%, chance of a gain 50%. Actual: +9.8% at the open, +11.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 8,37,682 | 61,42,560 | 7.33x | |
| NII (HNI) total | 6,48,530 | 2,84,75,760 | 43.9x | |
| Big NII (above ₹10 lakh) | 4,32,354 | 2,18,55,400 | 50.5x | |
| Small NII (₹2-10 lakh) | 2,16,176 | 66,20,360 | 30.6x | |
| Retail | 15,13,236 | 50,18,060 | 3.32x | |
| Total | 29,99,448 | 3,96,36,380 | 13.2x |
Bids on NSE and BSE together, as published by NSE, as of 18 Mar 2024, 07:00 PM. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Krystal Integrated Services's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Global SurfacesMar 2023 | 8.95x | 33.1x | 5.12x | 12.2x | ₹155 Cr | +17.1% | +23.0% |
| HPL Electric and PowerSep 2016 | 5.77x | 22.2x | 3.31x | 8.06x | ₹417 Cr | -5.9% | -2.0% |
| Dilip BuildconAug 2016 | 9.76x | 79.6x | 2.35x | 20.9x | ₹672 Cr | +9.6% | +16.4% |
| RateGain Travel TechnologiesDec 2021 | 8.42x | 42.0x | 8.08x | 17.4x | ₹1,336 Cr | -15.3% | -9.9% |
| Fine Organic IndustriesJun 2018 | 12.9x | 21.0x | 1.62x | 8.99x | ₹600 Cr | +4.1% | +6.5% |
| AGS Transact TechnologiesJan 2022 | 2.68x | 25.6x | 3.08x | 7.79x | ₹717 Cr | 0.0% | +3.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Inga Ventures | 3 | +17.1% | 100% |
Offer documents (NSE)
Frequently asked
What is the Krystal Integrated Services IPO price band and lot size? ₹680–715 per share, with a lot of 20 shares, so the smallest retail bid is ₹14,300.
How many times has it been subscribed? 13.2x overall: QIB 7.33x, NII 43.9x, retail 3.32x.
How did it list? It opened at ₹785, +9.8% against the issue price of ₹715, and closed its first day -0.3%.
