Kronox Lab Sciences Limited IPO
- IPO Date03 Jun, 2024 to 05 Jun, 2024
- Listing Date10 Jun, 2024
- Face Value₹10 per share
- Issue Price₹129 to ₹136 per share
- Lot Size110 Shares
- Minimum Investment₹14,960
- Listing AtBSE, NSE
- Total Issue Size95,70,000 Shares
(aggregating up to ₹130.15 Cr) - Fresh Issue-
- Offer for Sale95,70,000 Shares
(aggregating up to ₹130.15 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue3,71,04,000
- Shareholding post issue3,71,04,000
IPO Dates
Closing Date
05 Jun, 2024
Initiation of Refunds
07 Jun, 2024
Listing Date
10 Jun, 2024
03 Jun, 2024
Opening Date
06 Jun, 2024
Basis of Allotment
07 Jun, 2024
Credit of Shares
Kronox Lab Sciences Limited Lot Size
Investors can bid for a minimum of 110 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 1540 | ₹2,09,440 |
| Retail (Min) | 1 | 110 | ₹14,960 |
| B-HNI (Min) | 67 | 7370 | ₹10,02,320 |
| S-HNI (Max) | 66 | 7260 | ₹9,87,360 |
| Retail (Max) | 13 | 1430 | ₹1,94,480 |
Kronox Lab Sciences Limited Promoter Holding
The Promoters of the Company are Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.98% | 74.21% |
Kronox Lab Sciences Limited COMPANY INFORMATION
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. Kronox Lab Sciences IPO bidding started from June 3, 2024 and ended on June 5, 2024. The allotment for Kronox Lab Sciences IPO was 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. 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. Refer to Kronox Lab Sciences IPO RHP for detailed information.
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 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.
FAQs About Kronox Lab Sciences Limited Ipo
Kronox Lab Sciences Limited IPO will open on 03 Jun, 2024 and close on 05 Jun, 2024. Investors must apply within this period to participate.
The Kronox Lab Sciences Limited IPO price band is set between ₹129.00 and ₹136.00 per share. The minimum lot size is 110, requiring an investment of at least ₹14960.00.
The Kronox Lab Sciences Limited IPO shares are expected to be listed on 10 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your Kronox Lab Sciences Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Kronox Lab Sciences Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.