Kronox Lab Sciences IPO Review

 
Kronox Lab Sciences IPO Review

IPO Open Date: June 3, 2024

IPO Close Date: June 5, 2024

IPO Price: ₹129 to ₹136 per share

Lot Size: 110 Shares

Listing: June 10, 2024

Kronox Lab Sciences is scheduled to hit the market on June 03, 2024 and close on June 05, 2024. Kronox Lab Sciences plans to raise around ₹130.15 Cr through an IPO with a sale of up to 9,570,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Kronox Lab Sciences Limited, established in 2008, specializes in producing high-purity specialty fine chemicals catering to a wide array of industries. Their products find applications in the manufacturing of APIs, pharmaceutical formulations, research, nutraceuticals, biotechnology, agrochemicals, personal care items, metal refineries, and animal health products. With a product portfolio boasting over 185 items like phosphates, sulfates, acetates, chlorides, citrates, nitrates, and more, the company serves clients in India and beyond, spanning across 20 countries worldwide.

Operating from three well-equipped manufacturing facilities located in Vadodara, Gujarat, near major seaports, Kronox Lab Sciences Limited maintains a total area of 17,454 sq. m. with a current production capacity of 7,242 TPA as of December 31, 2023. The company's commitment to quality is evident through certifications like FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 at Unit I/II, with certain products holding Kosher, Halal, GMP, and GLP accreditations. Additionally, ongoing research and development initiatives focus on enhancing 122 products while serving a substantial customer base of over 592 clients in recent years, with 141 loyal customers placing repeat orders by the end of December 2023. Presently, the company employs a dedicated workforce of 212 individuals across various roles and responsibilities.

Kronox Lab Sciences



Kronox Lab Sciences IPO Details

Kronox Lab Sciences IPO opens on June 03, 2024, and closes on June 05, 2024. The Listing date for Kronox Lab Sciences IPO is on June 10, 2024. The price band for IPO is ₹129 to ₹136 per share and lot size of 110 Shares.

IPO DateJune 03, 2024 to June 05, 2024
Listing DateJune 10, 2024
Price₹129 to ₹136 per share
Lot Size110 Shares
Issue Size₹130.15 Cr
Face Value₹10 per share

Kronox Lab Sciences IPO Tentative Timetable

Kronox Lab Sciences opening date is June 03, 2024 and close date is June 05, 2024. The IPO allotment date is June 06, 2024. The refund initiation of IPO is on June 07, 2024. The credit of shares in demat account is on June 07, 2024. The listing date is on June 10, 2024.

EventDate
IPO OpeningJune 03, 2024
IPO ClosingJune 05, 2024
IPO Allotment DateJune 06, 2024
Refund InitiationJune 07, 2024
Shares Credit to DematJune 07, 2024
Lisiting DateJune 10, 2024

Kronox Lab Sciences IPO Lot Size

Lot Size of this IPO is 110 shares. A retail-individual investor can apply for up to 13 lots (1430 shares or ₹194,480).

CategoryLotsSharesAmount
Retail(Minimum)1110₹14,960
Retail(Maximum)131430₹194,480
S-HNI (Minimum)141540₹209,440
B-HNI (Minimum)677,370₹1,002,320

Kronox Lab Sciences IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding

Kronox Lab Sciences IPO Review

Kronox Lab Sciences Limited, a leading manufacturer of high-purity specialty fine chemicals, is all set to launch its Initial Public Offering (IPO) with a market capitalization of Rs 504.61 Crore. The company, incorporated in 2008, has a strong presence in both domestic and international markets, exporting its products to over 20 countries including the United States, Australia, and China. With a wide range of over 185 products catering to various industries such as pharmaceuticals, biotech, and agrochemicals, Kronox Lab Sciences has shown consistent growth in revenue and profit over the years.

In terms of financial performance, Kronox Lab Sciences witnessed a significant increase in revenue by 16.99% and a rise in profit after tax (PAT) by 21.94% between the financial years ending March 31, 2022, and March 31, 2023. The company's Key Performance Indicators (KPIs) as of December 31, 2023, reflect a healthy Return on Equity (ROE) of 25.66%, Return on Capital Employed (ROCE) of 33.15%, and Profit After Tax (PAT) Margin of 22.6%. These indicators highlight the company's strong financial position and efficiency in utilizing its resources.

The objectives of the IPO include offering up to 95,70,000 Equity Shares through the Promoter Selling Shareholders and listing the Equity Shares on the Stock Exchanges to enhance visibility and brand image. By going public, Kronox Lab Sciences aims to provide liquidity to existing shareholders and establish a public market for its Equity Shares in India. Investors looking for a promising opportunity in the specialty chemicals sector may find Kronox Lab Sciences IPO worth considering, given its robust product portfolio, strong financial performance, and strategic growth objectives.

Kronox Lab Sciences IPO Subscription Status (Bidding Details)

Table not found

Kronox Lab Sciences IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Kronox Lab Sciences IPO FAQs

What is Kronox Lab Sciences IPO?

Kronox Lab Sciences is issuing 9,570,000 equity shares with a face value of 10 each, totaling up to ₹130.15 Cr. The shares are being offered at a price of ₹129 to ₹136 each, with a minimum order quantity of 110 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Kronox Lab Sciences IPO will open?

Kronox Lab Sciences will open on June 03, 2024 for QIB, NII, and Retail Investors.

When Kronox Lab Sciences IPO will end?

Kronox Lab Sciences will end on June 05, 2024.

What is Kronox Lab Sciences IPO Size?

Kronox Lab Sciences IPO size is 130.15 Cr.

What is Kronox Lab Sciences IPO Price Band?

Kronox Lab Sciences price band is ₹129 to ₹136 per share.

What is the Kronox Lab Sciences IPO Allotment Date?

Kronox Lab Sciences allotment date is June 06, 2024.

What is the Kronox Lab Sciences IPO Listing Date?

Kronox Lab Sciences listing date is June 10, 2024. The IPO is to be listed on BSE and NSE.

How to Kronox Lab Sciences IPO through Zerodha?

To apply for the IPO “Kronox Lab Sciences” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Kronox Lab Sciences IPO through Upstox?

To apply for the IPO “Kronox Lab Sciences” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Kronox Lab Sciences IPO Allotment Status?

For Kronox Lab Sciences IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Kronox Lab Sciences IPO GMP?

You can check out here: Kronox Lab Sciences IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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