KRYSTAL INTEGRATED SERVICES LIMITED INITIAL PUBLIC OFFER TO OPEN ON MARCH 14, 2024

· Price Band fixed at ₹ 680 to ₹ 715 per Equity Share of face value of ₹ 10 each (“Equity Share”);

· Bid /Offer will Opens on Thursday, March 14, 2024 and Closes on Monday, March 18, 2024. The Anchor Investor Offer shall be on Wednesday, March 13, 2024;

· Bids can be made for a minimum of 20 Equity Shares and in multiples of 20 Equity Shares thereafter;

· The floor price is 68 times the face value of the Equity Shares and the Cap price is 71.50 times the face value of the Equity Shares;

· The price / earnings ratio based on diluted EPS for Fiscal 2023 for our company at the upper end of the price band is as high as 21.45 times

Bangalore, March 11, 2024: Krystal Integrated Services Limited (“KISL” or “The Company”) shall open its Bid / Offer in relation to its Initial Public Offer of Equity Shares on Thursday, March 14, 2024.

The Offer Size comprises of fresh issue of Equity Shares aggregating up to ₹ 1,750 million (₹ 175 crore) (The “Fresh Issue”) and Offer for Sale up to 1,750,000 Equity Shares (The “Offer for Sale”). (Together, The “Offer”)

The Price Band of the Offer has been fixed at ₹ 680 to ₹ 715 Per Equity Share. Bids can be made for a minimum of 20 Equity Shares and in multiples of 20 Equity Shares thereafter. (The “Price Band”)

The Anchor Investor Offer shall be on Wednesday, March 13, 2024. The Bid/Offer will open on Thursday, March 14, 2024 for subscription and close on Monday, March 18, 2024. (The “Bid / Offer Period”)

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding – (i) Repayment/prepayment, in full or part, of certain borrowings availed of by the Company amounting to ₹ 100 million (₹ 10 crore); (ii) Funding working capital requirements of the Company amounting to ₹ 1000 million (₹ 100 crore); (iii) Funding capital expenditure for purchase of new machinery amounting to ₹ 100 million (₹ 10 crore) and (iv) balance amount towards General corporate purposes.

The Offer for Sale comprises of up to 1,750,000 Equity Shares by Krystal Family Holdings Private Limited. The proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholder. (The “Promoter Selling Shareholders”)

The Equity Shares offered through this Red Herring Prospectus of the Company dated March 4, 2024 filed with Registrar of Companies, Maharashtra at Mumbai (“RoC”).

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges. Our Company has received an ‘in-principle’ approval from each of the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) for the listing of the Equity Shares pursuant to letters dated December 12, 2023 and December 11, 2023, respectively. For the purposes of the Offer, BSE is the Designated Stock Exchange.

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. This Offer is being made in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company and the Promoter Selling Shareholder may, in consultation with the Lead Manager, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds.

Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. One-third of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹0.2 million and up to ₹1 million and two-thirds of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹1 million provided that under-subscription in either of these two sub-categories of the Non-Institutional Portion may be allocated to Non-Institutional Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

Inga Ventures Private Limited is the Book Running Lead Managers to the Issue.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.