IPO Listing News: Today the IPO of Krystal Integrated Services has been listed in the market. The shareholders of this company have got a profit of Rs 80 per stock on the very first day. The listing of this share has been done at a premium.
Krystal Integrated Services IPO: Another IPO has been listed in the share market today, which has given good profits to the investors on the very first day. Today the IPO of Krystal Integrated Services has been listed in the market. The shareholders of this company have got a profit of Rs 80 per stock on the very first day. The listing of this share has been done at a premium.
The company’s shares are listed on BSE at Rs 795 at a premium of 11.2 percent. Apart from this, the shares have been listed on NSE at Rs 785. At the same time, the issue price of the stock was Rs 715. So accordingly, investors have made a profit of Rs 80 per share.
Lot size was 20 stocks
The price band of this share was kept between Rs 680 to Rs 715. The lot size of these shares was 20 stocks. At the same time, the company’s IPO was open for investors between March 14 and March 18.
Where will the funds be used?Â
The company will use the funds to repay the loan of Rs 10 crore. Apart from this, the company is also planning to buy new machinery for Rs 10 crore. Apart from this, the remaining funds will be used to meet working capital needs and corporate goals.
What is the business of the company?
Krystal Integrated was started in the year 2000. This company provides facilities like housekeeping, pest control, warehouse, airport management and waste management. This company is working in association with 134 hospitals, 224 schools and some airports and railway stations. There are more than 40,000 employees with the company.
Shares subscribed 13.21 timesÂ
The IPO got good response from investors. The company’s IPO was subscribed 13.21 times. QIB’s share has been subscribed 7.33 times and Non-Institutional Investors (NII)’s share has been subscribed 43.91 times.
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