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
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
Funds Raised in the IPO | Amount |
---|---|
Overall | 130.15 Cr |
Fresh Issue | 0 Cr |
Offer for Sale | 0 Cr |
Allotment Timeline | Details |
---|---|
Allotment Date | 6 Jun 2024 |
Allotment Link | {Link} |
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.
Date | Ipo Price | GMP | Estimated Listing Price |
---|---|---|---|
11 Jun 2024 | ₹136 | ₹61 | ₹197 (45%) |
10 Jun 2024 | ₹136 | ₹41 | ₹177 (30%) |
Issue Price | Listing Gain | Current Market Price | P/L |
---|---|---|---|
129 to 136 | ₹ 341 (11.29%) | ₹ 156.8 | 15.29% |
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 in | 2008 |
Managing director | |
Parent organization |
Category | Subscription (No. of times) |
---|---|
Qualified Institutional Buyers (QIBs) | 89.03 |
Non-Institutional Investors (NIIs) | 301.92 |
Retail Individual Investors (RIIs) | 54.24 |
Employee | N/A |
Total | 117.25 |