KRONOX LAB SCIENCES LIMITED

03 Jun 2024 - 05 Jun 2024 Individual Category Main Board BSE NSE

Min Investment

₹14960

Price Band

₹129-₹136

Issue Size

66.99 lakhs
Equity Shares

Lot Size

110

IPO Dates
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03 Jun 2024

Open Date

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05 Jun 2024

Close Date

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06 Jun 2024

Allotment Date

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10 Jun 2024

Listing Date

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. 

Founded

2008

Managing Director

Jogindersingh Jaswal

Parent Organization

IPO Objectives

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.  

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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