Today presents a good opportunity to invest in an IPO. A new company’s IPO is launching in the stock market, offering the potential for good income.
The IPO of Krystal Integrated Services, a provider of facility management and security services, is opening today. Retail investors can bid for this IPO from March 14 to March 18.
The company’s shares will be listed on the National Stock Exchange and Bombay Stock Exchange on March 21.
The company raised Rs 90.04 crore from anchor investors on March 13, before the IPO opened.
Recently, several companies’ IPOs have launched in the stock market, with investors experiencing both profitable and loss-making outcomes.
What is the price band?
The IPO’s price range is set at Rs 680-715 per share, with a lot size of 20 shares available for bidding.
The company plans to issue new shares worth Rs 175 crore in this IPO. Alongside this, 18 lakh shares will be available for sale.
The gray market premium for this IPO is Rs 750 currently. The company aims to raise Rs 300 crore at the upper price band.
From the proceeds of issuing new shares in this IPO, Rs 10 crore will go towards loan repayment. Additionally, Rs 10 crore will be used to purchase new machinery.
what does the company do
Crystal Integrated Services is a facilities management company offering a range of services including healthcare, housekeeping, gardening, electrical and plumbing services, waste management, and pest control. Its clients include the Railways and the Airport Authority of India.
This IPO will open tomorrow
The IPO of steel products manufacturer KP Green Engineering Limited will open for subscription on March 15.
Its price band is set at Rs 137-144. KP Green Engineering is the third issue of KP Group after KP Energy.
This IPO is categorized as an SME IPO. Investors can participate in this IPO until March 19. The company’s shares will be listed on BSE SME on March 22.
