The Kronox Lab Sciences Limited date has been confirmed from June 3, 2024 – June 5, 2024.
Kronox Lab Sciences IPO is a book built issue of Rs 130.15 crores. The issue is entirely an offer for sale of 0.96 crore shares. The company’s high-purity specialty fine chemicals are used in various applications such as manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products.
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Key Details Of Kronox Lab Sciences Limited IPO
Bidding Dates
June 3 – 5
Price Range
₹129 to ₹136 per share
Face Value
₹10 per share
GMP
₹28
Kronox Lab Sciences Limited IPO GMP
The Kronox Lab Sciences Limited IPO GMP is ₹28.
IPO Overview
Kronox Lab Sciences IPO opens for subscription on June 3, 2024 and closes on June 5, 2024. The allotment for the Kronox Lab Sciences IPO is expected to be finalized on Thursday, June 6, 2024. Kronox Lab Sciences IPO will list on BSE, NSE with tentative listing date fixed as Monday, June 10, 2024.
Kronox Lab Sciences IPO price band is set at ₹129 to ₹136 per share. The minimum lot size for an application is 110 Shares. The minimum amount of investment required by retail investors is ₹14,960. The minimum lot size investment for sNII is 14 lots (1,540 shares), amounting to ₹209,440, and for bNII, it is 67 lots (7,370 shares), amounting to ₹1,002,320.
Kronox Lab Sciences Limited IPO Details
| IPO Date | June 3, 2024 to June 5, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹129 to ₹136 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 9,570,000 shares (aggregating up to ₹130.15 Cr) |
| Offer for Sale | 9,570,000 shares of ₹10 (aggregating up to ₹130.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 37,104,000 |
| Share holding post issue | 37,104,000 |
Kronox Lab Sciences Limited IPO Timeline
| IPO Open Date | Monday, June 3, 2024 |
| IPO Close Date | Wednesday, June 5, 2024 |
| Basis of Allotment | Thursday, June 6, 2024 |
| Initiation of Refunds | Friday, June 7, 2024 |
| Credit of Shares to Demat | Friday, June 7, 2024 |
| Listing Date | Monday, June 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 5, 2024 |
Kronox Lab Sciences Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 66.96 | 54.03 | 56.79 | 37.65 |
| Revenue | 68.44 | 97.50 | 83.34 | 63.24 |
| Profit After Tax | 15.47 | 16.62 | 13.63 | 9.73 |
| Net Worth | 60.28 | 44.68 | 40.35 | 26.81 |
| Reserves and Surplus | 15.56 | 7.58 | 40.11 | 26.57 |
| Total Borrowing | 0.64 | 0.01 | ||
| Amount in ₹ Crore | ||||
Kronox Lab Sciences Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2,871,000 (30.00%) | NA |
| QIB Shares Offered | 1,914,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,435,500 (15.00%) | |
| bNII > ₹10L | 957,000 (10.00%) | 621 |
| sNII < ₹10L | 478,500 (5.00%) | 310 |
| Retail Shares Offered | 3,349,500 (35.00%) | 30,450 |
| Total Shares Offered | 9,570,000 (100%) |
Company Profile
Incorporated in 2008, Kronox Lab Sciences Limited is a manufacturer of high-purity speciality fine chemicals for diverse end-user industries. The company provides a wide variety of more than 185 products, such as phosphate, sulfate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and more. These items are distributed to clients in India and over 20 other countries globally.
The company operates three production facilities in Vadodara,
Gujarat, near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. These facilities span 17,454 sq. m. and have a production capacity of 7,242 TPA as of December 31, 2023. Unit I/II is certified with FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Moreover, certain products made at Unit I have received Kosher, Halal, GMP, and GLP certifications.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Kronox Lab Sciences Limited |
| Phone number | +91 26 6224 4077/88 |
| Email ID | [email protected] |
| Website | kronoxlabsciences.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Kronox Lab Sciences Limited IPO FAQs
When Kronox Lab Sciences IPO will open?
The Kronox Lab Sciences IPO opens on June 3, 2024 and closes on June 5, 2024.
What is the lot size of Kronox Lab Sciences IPO?
Kronox Lab Sciences IPO lot size is 110 Shares, and the minimum amount required is ₹14,960.
When is Kronox Lab Sciences IPO listing date?
The Kronox Lab Sciences IPO listing date is not yet announced. The tentative date of Kronox Lab Sciences IPO listing is Monday, June 10, 2024.
