Kronox Lab Sciences IPO Date, Review, Price, Allotment Details

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Kronox Lab Sciences IPO began on 03 June 2024. It will close on 05 June 2024. The Total IPO Size is ₹130.15 Crore Approx. The company set its IPO price is ₹129 to ₹136 per share Per Share. There are three basic categories in Kronox Lab IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
 
Incorporated in 2008, Kronox Lab Sciences Limited is a manufacturer of high-purity speciality fine chemicals for diverse end-user industries. 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.
 
The company exports its products to countries such as United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, United Kingdom, Belgium, United Arab Emirates, China, among others.
 
The company offers a wide range of over 185 products, including phosphate, sulphate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and others. These products are supplied to customers in India and more than 20 countries worldwide.
 
The company has three manufacturing facilities in Vadodara, Gujarat, close to the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. The facilities cover 17,454 sq. m. and have an installed capacity of 7,242 TPA as of December 31, 2023. Unit I/II holds FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Additionally, some products manufactured at Unit I have obtained Kosher, Halal, GMP, and GLP certifications.
 
As of December 31, 2023, the company is conducting research and development on 122 products.
 

Kronox Lab Sciences IPO Details:

Issuer Kronox Lab Sciences IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 03 June 2024
Issue Closes: 05 June 2024
Price Brand ₹129 to ₹136 per share
Issue Size ₹130.15 Cr
Face Value ₹10 per share
Market Lot 110 Shares
Retail (Max) ₹194,480
QIB 50%
HNI 15%
Retail Individual Bidders 35%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 9,570,000 shares

Kronox Lab Sciences IPO GMP Rates day by day

Kronox Lab Sciences IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 110 ₹14,960
Retail (Max) 13 1,430 ₹191,360
S-HNI (Min) 14 1,540 ₹209,440
S-HNI (Max) 66 7,260 ₹987,360
B-HNI (Min) 67 7,370 ₹1,002,320

Kronox Lab Sciences IPO Date, Allotment & Listing:

Kronox Lab Sciences IPO Opening Date: JUNE 03, 2024
Kronox Lab Sciences IPO Closing Date: JUNE 05, 2024
Basis of Allotment: JUNE 06, 2024
Initiation of Refunds: JUNE 07, 2024
Credit to Demat Account: JUNE 07, 2024
Listing Date: JUNE 10, 2024

Kronox Lab Sciences Limited Financial Information (Restated Consolidated)

Kronox Lab Sciences Limited’s revenue increased by 16.99% and profit after tax (PAT) rose by 21.94% between the financial year ending with March 31, 2023 and March 31, 2022.

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

Key Performance Indicator

The market capitalization of Kronox Lab Sciences IPO is Rs 504.61 Cr.

KPI as of December 31, 2023.

KPI Values
ROE 25.66%
ROCE 33.15%
RoNW 25.66%
P/BV 8.37
PAT Margin (%) 22.6
 
  Pre IPO Post IPO
EPS (Rs)  4.48 5.56
P/E (x)  30.37 24.47

Objects of the Issue (Kronox Lab Sciences IPO Objectives)

The Objects of the Offer are to:

  1. Carry out the Offer for Sale of up to 95,70,000 Equity Shares by the Promoter Selling Shareholders; and
  2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of the Equity Shares will enhance the visibility and brand image, provide liquidity to its existing Shareholders, and provide a public market for Equity Shares in India.

KRONOX LAB SCIENCES IPO ALLOTMENT STATUS

How to Apply for Kronox Lab Sciences IPO?

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How to Apply Kronox Lab Sciences IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Kronox Lab Sciences”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Kronox Lab Sciences IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Kronox Lab Sciences”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Kronox Lab Sciences IPO?

Kronox Lab Sciences IPO is a main-board initial public offering of 9,570,000 Equity shares of the face value of ₹10 aggregating up to ₹130.15 Crores. The issue price of the IPO is ₹129 to ₹136 Per Equity Share. The minimum order quantity is 110 Shares per application and the offer type is Book Built Issue. The IPO opens on June 03, 2024 and closes on June 05, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Kronox Lab Sciences IPO will open?

The Kronox Lab Sciences IPO opens on June 03, 2024 and closes on June 05, 2024.

How to apply for Kronox Lab Sciences IPO?

You can apply in Kronox Lab Sciences IPO online using either UPI or ASBA as payment method. ICICI Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Kronox Lab Sciences IPO, while Kfin Technologies Limited is the registrar for the issue.

When Kronox Lab Sciences IPO allotment?

The finalization of Basis of Allotment for Kronox Lab Sciences IPO will be done on June 06, 2024, and the allotted shares will be credited to your demat account by June 07, 2024. Check the Kronox Lab Sciences IPO allotment status.

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 June 10, 2024.

What is the lot size of Kronox Lab Sciences IPO?

Kronox Lab Sciences IPO lot size is 110 Shares and the minimum order quantity is 1 Shares.