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    Krystal Services a long-term play in facilities management

    Synopsis

    The company is promoted by Prasad Minesh Lad, a BJP MLC. The promoter group’s stake will fall to around 70% after the IPO from nearly 100%. The company’s revenue growth has been higher than the sector average. It is one of the few FMS companies growing organically and having superior margins.

    ET Intelligence Group: Krystal Integrated Services, which provides facilities management services (FMS) to hospitals, schools, banks, airports, and retail outlets, plans to raise upto Rs 175 crore through fresh equity to replay loans and fund working capital needs and upto Rs 125 crore through an offer for sale by promoters. The company is promoted by Prasad Minesh Lad, a BJP MLC. The promoter group’s stake will fall to around 70% after the IPO
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    The Economic Times