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    5. KRONOX

    Kronox Lab Sciences Limited

    CLOSED

    IPO Date: 3 Jun - 5 Jun 2024

    Listing Date: 10 Jun 2024

    Price Range

    129 to 136

    Issue Size

    130.15 Cr

    Min Investment

    ₹14,190

    Lot Size

    110 Shares

    View IPO Document

    Schedule of Kronox Lab Sciences Limited

    Issue open date

    3 Jun 2024

    Issue close date

    5 Jun 2024

    UPI mandate deadline

    5 Jun 2024 (5 PM)

    Allotment finalization

    6 Jun 2024

    Share credit

    7 Jun 2024

    Listing date

    10 Jun 2024

    Mandate end date

    20 Jun 2024

    Issue size

    Funds Raised in the IPOAmount
    Overall130.15 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date6 Jun 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price
    11 Jun 2024₹136₹61₹197 (45%)
    10 Jun 2024₹136₹41₹177 (30%)

    Performance Kronox Lab Sciences Limited

    Issue PriceListing GainCurrent Market PriceP/L
    129 to 136₹ 341 (11.29%) ₹ 156.815.29%

    About Kronox Lab Sciences Limited

    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 the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, the United Kingdom, Belgium, the 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 employs 212 people at various levels.

    Founded in2008
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)89.03
        Non-Institutional Investors (NIIs)301.92
        Retail Individual Investors (RIIs)54.24
        EmployeeN/A
        Total117.25