Kronox Lab Sciences Limited

Kronox Lab Sciences Limited

Mainboard

₹14,960 / 110 Shares

Offer Date:Jun 3, 2024 - Jun 5, 2024
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Kronox Lab Sciences Limited IPO Details

The Kronox Lab Sciences Limited IPO price band is set between ₹129-136 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 3 Jun, 2024 and closes on 5 Jun, 2024. Investors can check the allotment status on 6 Jun, 2024, while the listing date is tentatively scheduled for 10 Jun, 2024.

The total issue size is Offer for Sale : 9,570,000 shares, aggregating up to ₹130.15 Cr. Stay tuned for the latest Kronox Lab Sciences Limited IPO review and GMP updates.

Kronox Lab Sciences Limited IPO Review, Rating & Analysis

Kronox Lab Sciences Limited IPO Review

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Kronox Lab Sciences Limited IPO Rating

Kronox Lab Sciences Limited IPO Highlights

IPO Date

Jun 3, 2024 - Jun 5, 2024

Listing Date

10 Jun, 2024

Face Value

₹10 Per Equity Share

Price Band

₹129-136 per equity share

Lot Size

110 Shares

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

Kronox Lab Sciences Limited IPO Lot Size

The minimum market lot for Kronox Lab Sciences Limited IPO is 110 shares with an application amount of ₹14,960. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)1110₹14,960
Retail (Max)131430₹1,94,480
S-HNI (Min)141540₹2,09,440
S-HNI (Max)667260₹9,87,360
B-HNI (Min)677370₹10,02,320

Kronox Lab Sciences Limited IPO Timeline

IPO Open Date
3 Jun, 2024
IPO Close Date
5 Jun, 2024
Basis of Allotment
6 Jun, 2024
Listing Date
10 Jun, 2024

Issue Price

₹129-136 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Lead Manager

Pantomath Capital Advisors Pvt Ltd

Issue Size

Offer for Sale : 9,570,000 shares(aggregating up to ₹130.15 Cr)

Kronox Lab Sciences Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 2354.0397.5016.6244.687.58-
31 Mar 2256.7983.3413.6340.3540.11-
31 Mar 2137.6563.249.7326.8126.57-

All values are in ₹ Cr.

Kronox Lab Sciences Limited IPO Valuations

EPS Pre IPO

₹4.48/-

EPS Post IPO

₹5.56/-

PE Pre IPO

30.37

PE Post IPO

24.47

ROE

25.66%

ROCE

33.15%

Debt Equity

-

RoNW

25.66%

PAT Margin

22.60

Price to Book Value

8.37

Promoters & Share Holding

Promoter(s) Name

  • Jogindersingh Jaswal
  • Ketan Ramani
  • Pritesh Ramani
Share Holding Pre IssueShare Holding Post Issue
99.98%74.21%

About Company

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 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 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 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.

The company has served over 592 customers in the past three years. By December 31, 2023, 141 customers of the total, placed repeat orders.

As of December 31, 2023, the company employees 212 people at various levels.

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Kronox Lab Sciences Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved4,785,000
1,435,500

957,000    478,500
3,349,5006,699,000
Day 1 -03-06-24 05:00 PM
1.11 x
19.97

15.93 x   28.05 x
13.00 x11.10 x
Day 2 -04-06-24 05:00 PM
3.39 x
52.94

45.18 x   68.47 x
24.55 x24.59 x
Day 3 -05-06-24 05:00 PM
89.03 x
301.92

322.26 x   261.23 x
54.23 x117.25 x
Total No. of Applications:15,28,029 (Approx)
Retail Subscription:

Retail:50.1x

BHNI:60.6x

SHNI:240.1x times

Company Contact Details

Kronox Lab Sciences Limited

Block No. 353, Village Ekalbara, Padra, Vadodara-391440

Phone: +91 26 6224 4077/88

Email: cs@kronoxlabsciences.com

Website: https://www.kronoxlabsciences.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: klsl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Frequently Asked Questions about Kronox Lab Sciences Limited IPO

When will Kronox Lab Sciences Limited IPO open for subscription?

The Kronox Lab Sciences Limited IPO opens on 3 Jun, 2024 and closes on 5 Jun, 2024.

What is the investors portion for Kronox Lab Sciences Limited IPO?

The investors' portion for QIB is 89.03 x, NII is 322.26 x, and Retail is 54.23 x.

How to apply for Kronox Lab Sciences Limited IPO?

You can apply for Kronox Lab Sciences Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Kronox Lab Sciences Limited IPO?

The issue size of Kronox Lab Sciences Limited IPO is approx ₹Offer for Sale : 9,570,000 shares(aggregating up to ₹130.15 Cr) crores.

What is the price band of Kronox Lab Sciences Limited IPO?

The price band for Kronox Lab Sciences Limited IPO is ₹129 to ₹136 per equity share.

What is the lot size of Kronox Lab Sciences Limited IPO?

The minimum bid (lot size) for Kronox Lab Sciences Limited IPO is N/A shares with an investment of approx ₹14,960 .

What is the allotment date of Kronox Lab Sciences Limited IPO?

The allotment date for Kronox Lab Sciences Limited IPO is 6 Jun, 2024.

What is the listing date of Kronox Lab Sciences Limited IPO?

The listing date for Kronox Lab Sciences Limited IPO is expected to be 10 Jun, 2024.

What is the GMP of Kronox Lab Sciences Limited IPO?

The latest Grey Market Premium (GMP) for Kronox Lab Sciences Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Kronox Lab Sciences Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK