Krystal Integrated Services IPO’s allotment is likely to finalise on March 19. The company’s shares are expected to debut in the secondary market on March 21. The company is in the business of providing facilities management services. Krystal provides various services such as housekeeping, landscaping, mechanical, gardening, sanitation, etc.
Here’s how you can check your allotment status:
Step 1
Go to the registrar’s website and navigate to the public issues. In this issue, you can check the allotment details at Link Intime India.
Step 2
Now, you need to fill in all your details, which are the company name you applied for and your PAN number.
Step 3
You’re good to go and just need to hit the search button to check the allotment status.
Investors will receive the allotted shares in their D’mat account, while those who were not allotted shares will receive a refund from the registrar. The refund is expected to be initiated on March 20, which will appear in the bank account thereafter, because the registrar of the issue is responsible for the refund and IPO allotment.
In the grey market, the shares of the company were exchanging hands with a premium of 9% to the issue price of Rs 715 per equity share. The multi-service providing company opened its subscription to retail bidding on March 14 between a price band of Rs 680 to 715 per equity share and closed that on March 18.
According to the company, the collected money will be utilised for payment of borrowings, funding working capital, capital expenditure to purchase new machinery, and other general corporate purposes.
