Krystal Integrated Services Limited
Incorporated in December 2000, Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management.
The company offers staffing, payroll management, private security, manned guarding, and catering services.
As of March 31, 2023, the company served 134 hospitals, 224 schools, 2 airports, 4 railway stations, and 10 metro stations. They also offered catering on some trains.
The company served 262 customers in 2021, 277 in 2022, and 326 in 2023.
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
- Funding working capital requirements of the Company;
- Funding capital expenditure for the purchase of new machinery; and
- General corporate purposes
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