Krystal Integrated Services receives go-ahead from SEBI to launch its IPO

Krystal Integrated Services has received the final observation from the market regulator Securities and Exchange Board of India (“SEBI") for their proposed Initial Public Offering (IPO). The IPO comprises fresh issuance of equity shares worth ₹175 crores and an offer-for-sale (OFS) of 17.5 lakh shares by promoter Krystal Family Holdings Pvt Ltd. Krystal Family Holdings owns 99.99 percent stake in the company while Krystal Integrated Services had filed preliminary papers with SEBI in October'2023 to mobilize funds through an initial public offering (IPO).