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.
IPO Size: 9,570,000 shares (130.15 Cr) Fresh Issue: 9,570,000 shares (130.15 Cr) Offer for Sale (OFS): 9,570,000 shares (130.15 Cr) Subscription Dates: June 3, 2024 to June 5, 2024 Expected Allotment: Thursday, June 6, 2024 Listing Date (Tentative): June 10, 2024 Price Band: ₹129 to ₹136 per share Retail Investors: ₹.14,960 (110 shares) Small HNI : ₹.209,440(14 lots, 1540 shares) Big HNI : ₹.1,002,320(67 lots, 7370 shares)
| IPO Date | June 3, 2024 to June 5, 2024 |
| Listing Date | June 10, 2024 |
| Face Value | ₹10 per share 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) |
| Fresh Issue | 9,570,000 (aggregating up to ₹130.15 Cr) |
| Offer for Sale | 9,570,000 shares of ₹10 per share (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 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 4,785,000 (50%) |
| NII (HNI) Shares Offered | 1,435,500 (15%) |
| bNII > Rs.10L | 957,000 (10%) |
| sNII < Rs.10L | 478,500 (5%) |
| Retail Shares Offered | 3,349,500 (35%) |
| Total Shares Offered | 9,570,000 (100%) |
The Kronox Lab Sciences Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).
| Investor Category | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 4,785,000 | |||
| Non-Institutional Buyers | 1,435,500 | |||
| bNII (bids above ₹10L) | 957,000 | |||
| sNII (bids below ₹10L) | 478,500 | |||
| Retail Investors | 3,349,500 | |||
| Others | ||||
| Total** | 9,570,000 | 0 | 0.00 | 0.00 |
Kronox Lab Sciences Limited IPO opens on June 3, 2024 and closes on June 5, 2024.
| 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 | 05:00 pm, June 5, 2024 |
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 |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹ 14,960 |
| Retail (Max) | 13 | 1430 | ₹ 194,480 |
| S-HNI (Min) | 14 | 1540 | ₹ 209,440 |
| S-HNI (Max) | 66 | 7260 | ₹ 987,360 |
| B-HNI (Min) | 67 | 7370 | ₹ 1,002,320 |
The promoters of the company are Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.
| Share Holding Pre Issue | 99.98% |
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.
The Objects of the Offer are to:
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: klsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
| Listing Date | June 10, 2024 |
| Final Issue Price | ₹ 136 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 136 | ₹ 136 |
Kronox Lab Sciences Limited IPO is a main-board IPO of 9,570,000 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 130.15 Crores. The issue is priced at ₹129 to ₹136 per share. The minimum order quantity is 110 Shares.
The Kronox Lab Sciences Limited IPO opens on June 3, 2024 and closes on June 5, 2024.
Retail Investors: ₹.14,960 (110 shares) Small HNI : ₹.209,440(14 lots, 1540 shares) Big HNI : ₹.1,002,320(67 lots, 7370 shares)
The finalization of Basis of Allotment for Kronox Lab Sciences Limited IPO will be done on Thursday, June 6, 2024, and the allotted shares will be credited to your demat account by Friday, June 7, 2024. Check the Kronox Lab Sciences Limited IPO allotment status.