Kronox Lab Sciences IPO: Things to Consider Before Applying

Kronox Lab Sciences IPO is open for subscription starting Monday, June 3, 2024, and closing on Wednesday, June 5, 2024. The price is decided at Rs 129 to Rs 136 per share. The minimum lot size for the retail category is 110 shares. The minimum lot size for small NII is 14 lots consisting of 1,540 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 7,370 shares. The minimum investment required for retail category investors is Rs 14,805 (136 x 110 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,440 (315 x 1,540 shares); for big non-institutional investors, it is Rs 10,02,320 (351 x 7,370 shares). Kronox Lab Sciences IPO is a book-built issue of Rs 130.15 crores. This issue is entirely an offer-for-sale of 0.96 crore equity shares. The allotment for this IPO is expected to be finalised on Thursday, June 6, 2024. Kronox Lab Sciences Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Monday, June 10, 2024. The book-running lead managers of Kronox Lab Sciences Limited are Pantomath Capital Advisors. The registrar for this new IPO is Kfin Technologies Limited.  

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About Kronox Lab Sciences Limited

Kronox Lab Sciences, incorporated in 2008, manufactures high-quality fine chemicals for diverse and end-user industries. The company’s chemicals are used in various applications, such as manufacturing APIs, pharmaceutical formulation, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products. Kronox offers over 185 products, including phosphate, sulphate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and others. The company exports its products to countries such as the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, UK, UAE and China.  Kronox had three manufacturing facilities in Vadodara, Gujarat near to the seaports of Mundra, Kandla, Hazira and Nhava Sheva. The company is conducting research and development on 122 products. As of December 2023, the company had 212 employees at various levels. 

Objectives of the Kronox Lab Sciences IPO 

The objective of this initial public offering is to carry out the offer for sale of equity shares by promoters selling shareholders. Also to achieve the benefits of listing in the stock exchange. The listing will enhance the brand visibility.  

Financials of Kronox Lab Sciences Limited (Amt in Rs Crore) 

Kronox Lab Sciences reported a revenue of Rs 68.44 crore and profit after tax of Rs 15.47 crore for the year ended on 31 December 2023. The revenue increased by 16.99% and net profit of Rs 21.94% between the financial year ending on 31 March 2023 and 31 March 2022. 

Other Important Details of Kronox Lab Sciences Limited IPO 

Time-Table of Kronox Lab Sciences Limited IPO

Lot Size of Kronox Lab Sciences Limited IPO 

IPO Reservation of Kronox Lab Sciences Limited 

Promoters of Kronox Lab Sciences Limited and Their Holdings 

The promoters of Kronox Lab Sciences company are Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.  

Key Performance Indicator of Kronox Lab Sciences Limited IPO 

EPS and P/E Ratio Post IPO 

Lead Manager(s) of Kronox Lab Sciences Limited IPO 

The book-running lead managers of Kronox Lab Sciences Limited are Pantomath Capital Advisors.  

How do you apply for the Kronox Lab Sciences Limited IPO? 

Wait for the public issue to open for subscription, then visit Bigul website to apply for the Kronox Lab Sciences Limited IPO with Bigul. 

How do you check the allotment status of the Kronox Lab Sciences Limited IPO? 

The registrar for Kronox Lab Sciences Limited IPO is Kfin Technologies Limited. To check your allotment status, please click here. 

FAQs 

1. What are the details of Kronox Lab Sciences Limited IPO 2024? 

Kronox Lab Sciences IPO is a book-built issue of Rs 130.15 crores. This issue is entirely an offer-for-sale of 0.96 crore equity shares. The allotment for this IPO is expected to be finalised on Thursday, June 6, 2024.  

2. Who are the lead managers for the Kronox Lab Sciences Limited IPO? 

Pantomath Capital Advisors are appointed as the lead managers for this IPO. 

3. What is the role of Kfin Technologies in this IPO? 

Kfin Technologies Limited is the registrar for Kronox Lab Sciences Limited, handling the IPO's administrative aspects. 

4. How can I apply for the Kronox Lab Sciences Limited IPO? 

The public subscription of this IPO will open on June 3, 2024. Click here to continue the application process. 

5. How will the net proceeds from the IPO be utilised? 

The objective of this initial public offering is to carry out the offer for sale of equity shares by promoters selling shareholders. Also to achieve the benefits of listing in the stock exchange. The listing will enhance the brand visibility. 

6. How can I check the allotment status of the IPO? 

Investors can check out the allotment status of the Kronox Lab Sciences Limited IPO 2024 by visiting here. 

7. What is the financial performance of Kronox Lab Sciences Limited? 

Kronox Lab Sciences reported a revenue of Rs 68.44 crore and profit after tax of Rs 15.47 crore for the year ended on 31 December 2023. The revenue increased by 16.99% and net profit of Rs 21.94% between the financial year ending on 31 March 2023 and 31 March 2022. 

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