Krystal Integrated Services’ initial public offering (IPO) witnessed a stellar closing on March 18th, 2024, receiving overwhelming investor interest. The issue was oversubscribed a whopping 13.49 times, exceeding expectations and reflecting strong market confidence in the facilities management company.
Across-the-Board Demand Drives Oversubscription
The robust subscription can be attributed to active participation from all investor categories. Retail investors subscribed to the issue 3.41 times, indicating healthy interest from individual investors. Qualified Institutional Buyers (QIBs) displayed significant confidence, subscribing 7.32 times their allotted quota. However, the most remarkable surge came from Non-Institutional Investors (NIIs), who oversubscribed their portion a staggering 45.22 times. This strong demand across all segments highlights the broad appeal of Krystal Integrated Services’ IPO.
Check the Grey Market Premium (GMP) for Potential Listing Gains
Investors eager to gauge Krystal Integrated Services’ potential listing performance can consider the Grey Market Premium (GMP). The GMP is the unofficial premium at which IPO shares trade in the unlisted market before the official listing. As of March 18th, 2024, Krystal Integrated Services’ GMP reportedly stands at Rs 75. It’s important to remember that GMP is an unofficial indicator and shouldn’t be solely relied upon for making investment decisions.
Krystal Integrated Services IPO GMP Today: Last Day To Apply! Check Subscription Status, Allotment Date And Other Detailshttps://t.co/fvyTNXw0mU
— TIMES NOW (@TimesNow) March 18, 2024
Final Allotment and Listing Dates
The allotment of shares is expected to be finalized by March 19th, 2024. Successful applicants will be notified electronically, and the shares are likely to be credited to their demat accounts by March 20th, 2024. Krystal Integrated Services is anticipated to list on both the Bombay Stock Exchange https://www.bseindia.com/(BSE) and the National Stock Exchangehttp://www.nseindia.com/ (NSE) by March 21st, 2024.
Positive Outlook for Krystal Integrated Services
The exceptional oversubscription of the Krystal Integrated Services IPO paints a promising picture for the company’s future. The strong investor interest underscores the potential of the facilities management sector and Krystal’s position within it. With its upcoming listing, Krystal Integrated Services is poised to embark on a new chapter of growth and development.