Krystal Integrated Services Fully Utilizes IPO Proceeds by Q2 FY26
Krystal Integrated Services Limited has reported complete utilization of its IPO net proceeds of Rs 1,633.69 million, as per the monitoring agency report for the quarter ended September 30, 2025. The funds were allocated across debt repayment, working capital requirements, new machinery purchase, and general corporate purposes. The company raised a total of Rs 3,001.25 million through its IPO in March 2024, with Rs 1,750 million from fresh issue and Rs 1,251.25 million from offer for sale. Full utilization was achieved by Q2 FY26, with no deviations from the objectives disclosed in the offer document.
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Krystal Integrated Services Limited , a diversified commercial services provider, has reported complete utilization of its Initial Public Offering (IPO) net proceeds, according to its latest monitoring agency report for the quarter ended September 30, 2025. The report, issued by CRISIL Ratings Limited, confirms that the company has deployed all funds in accordance with the objectives outlined in its prospectus.
IPO Proceeds Breakdown
Krystal Integrated Services raised a total of Rs 3,001.25 million through its IPO in March 2024. Here's a breakdown of the proceeds and their utilization:
| Particulars | Amount (Rs in million) | Utilization Status |
|---|---|---|
| Fresh Issue Proceeds | 1,750.00 | Fully Utilized |
| Offer for Sale | 1,251.25 | Not Applicable |
| Total IPO Size | 3,001.25 | |
| Net Proceeds for Utilization | 1,633.69 | Fully Utilized |
Allocation and Utilization of Net Proceeds
The company has meticulously allocated and utilized its net proceeds as per the stated objectives:
| Object | Allocated Amount (Rs in million) | Utilized Amount (Rs in million) | Quarter of Full Utilization |
|---|---|---|---|
| Debt Repayment | 100.00 | 100.00 | Q4 FY24 |
| Working Capital Requirements | 1,000.00 | 1,000.00 | Q1 FY26 |
| New Machinery Purchase | 100.00 | 100.00 | Q2 FY26 |
| General Corporate Purposes | 433.69 | 433.69 | Q1 FY26 |
| Total | 1,633.69 | 1,633.69 |
Key Highlights
- Full Utilization: The company has successfully utilized the entire net proceeds of Rs 1,633.69 million as per the disclosed objectives.
- Timely Deployment: Funds were deployed across various quarters, with complete utilization achieved by Q2 FY26.
- No Deviations: The monitoring agency report confirms that there were no deviations from the objects disclosed in the offer document.
- Remaining Funds: A balance of Rs 6.63 million remains in the public offer account, earmarked for pending issue-related expenses.
Management Commentary
The report indicates that the Audit Committee has reviewed the Monitoring Agency Report, and it has been taken on record by the Company's Board of Directors. This demonstrates the company's commitment to transparency and adherence to regulatory requirements.
Investor Implications
The full utilization of IPO proceeds as per the stated objectives may be viewed positively by investors, as it reflects the company's ability to execute its plans effectively. The timely deployment of funds towards debt repayment, working capital, and capital expenditure could potentially strengthen Krystal Integrated Services' financial position and operational capabilities.
Investors and stakeholders can access the detailed Monitoring Agency Report on the company's website at https://krystal-group.com for further information on the utilization of IPO proceeds.
As Krystal Integrated Services continues to grow post-IPO, market participants will likely keep a close eye on how these investments translate into business performance and financial results in the coming quarters.
Historical Stock Returns for Krystal Integrated Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.91% | +0.80% | -1.25% | -12.00% | -31.57% | -26.58% |
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