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

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 202413661197 (45%)
10 Jun 202413641177 (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