Kronox Lab Sciences Ltd. IPO

Kronox Lab Sciences Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹136

Issue Price

Listing Price

₹165

Listing Price

Listing Gains

+₹29.00 (+21.32%)

Listing Gains

IPO Details

Bidding Dates

03 Jun - 05 Jun '24

Bidding Dates

Min. Investment

₹14,190

Min. Investment

Lot Size

110.00

Lot Size

Price Range

₹129 - ₹136

Price Range

Issue Size

86 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
    55.72x
  • Non-Institutional Investor
    302.99x
  • Qualified Institutional Buyers
    89.03x
  • Employees


About Company

Kronox Lab Sciences Limited was incorporated in 2008 and manufactures high-purity fine chemicals in bulk, in compliance with various Food Grade standards. Ranging from acetate, phosphate, and chloride to citrate, nitrates, hydroxide, and EDTA derivatives, the company has over 185 products. They are used in a wide variety of end-user industries and have several applications such as scientific research, nutraceuticals, metal refineries, and animal health products. As of December 21 2023, the company is in the process of research and development on 122 products. They have served over 592 customers in the past 3 years and have a team of around 212 employees.

Important Dates - Kronox Lab Sciences Limited IPO

Application opens on 03rd June 2024
Last date of application 05th June 2024
Date of Allotment 06th June 2024
Refund begins from 07th June 2024
Credit of shares to Demat 07th June 2024
Listing date 10th June 2024


Financial Snapshot - Kronox Lab Sciences Limited IPO

Check out the financial performance of Kronox Lab Sciences for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 37.65 crore Rs 63.24 crore Rs 9.73 crore
March 2022 Rs 56.79 crore Rs 83.34 crore Rs 13.63 crore
March 2023 Rs 54.03 crore Rs 97.50 crore Rs 16.62 crore

Why should you invest in Kronox Lab Sciences Ltd. IPO?

With a range of over 185 products, Kronox Lab Sciences Limited serves over 20 countries across the world, along with India. Among others, the company exports products to the United States, Australia, Spain, the United Kingdom, and China. They have major manufacturing facilities all over India and focus on leveraging state-of-the-art technology that positions them as a leader in the industry. 

Between the financial year ending with March 31, 2023 and March 31, 2022, their revenue has increased by 16.99% while their Profit After Tax (PAT) surged by 21.94%. This signifies a period of significant growth and financial success. It showcases their ability to manage operations and implement good cost-control measures effectively.

As of December 21 2023, the company is in the process of research and development on 122 products.

 

Kronox Lab Sciences Limited IPO Grey Market Premium

Date GMP
1st June Rs.82
31st May Rs.82
30th May Rs.82


Kronox Lab Sciences Ltd. IPO - SWOT Analysis

Strengths

  1. The company operates in the high-purity speciality chemicals sector used in diverse end-user industries from scientific research to personal care products.
  2. They have a strong global customer base with exports to countries such as the United States, Australia, and Spain.
  3. They have demonstrated a strong focus on research and development and quality control.
  4. The company enjoys a virtual monopoly on certain products.

Weaknesses

  1. The business growth can be affected by the failure to develop new High Purity Specialty Fine Chemicals.
  2. The company requires a high working capital and is vulnerable to foreign exchange risks.

Opportunities

  1. Kronox Lab Sciences Limited can expand its services into newer international markets. This could lead to greater revenue streams.
  2. It has a product portfolio of around 185 products and is planning on developing another 122 soon.

Threats

  1. The industry is highly competitive. Kronox Lab Sciences Limited could find it difficult to compete for market share.
  2. Economic instability may affect budgets and spending of industries such as research and pharmaceutical formulations. This can reduce the demand for high-end chemicals.

 

Kronox Lab Sciences Limited IPO Noteworthy Highlights

The following goals are to be funded by the net proceeds from the issue, according to the company's proposal:

  1. Conduct the Offer for Sale of up to 95,70,000 Equity Shares by the Promoter Selling Shareholders; and
  2. Gain the advantages of listing the equity shares on the stock exchanges.
  3. Further, the company wishes to utilise the increased visibility and brand image that the proposed listing of equity shares can provide as well as increase liquidity for its existing shareholders.



How to apply for Kronox Lab Sciences Ltd. IPO?

You can apply for the Kronox Lab Sciences Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Kronox Lab Sciences Ltd. click here.
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Kronox Lab Sciences Ltd. IPO FAQs

What are the opening and closing dates for Kronox Lab Sciences Limited?

Kronox Lab Sciences Limited IPO will open for subscription on June 3, 2024 and close on June 5, 2024.

What is the price band for Kronox Lab Sciences Limited?

The price band for Kronox Lab Sciences Limited is ₹129 to ₹136 per share.

What is the minimum and maximum lot size for Kronox Lab Sciences Limited?

The minimum lot size is 110 shares.

Who are Kronox Lab Sciences Limited’s lead managers?

Pantomath Capital Advisors Pvt Ltd is the Book Running Lead Manager (BRLM) to the issue.

Who is the registrar of the issue?

Kfin Technologies Limited is the registrar for Kronox Lab Sciences Limited IPO.

When will the Kronox Lab Sciences Limited allotment take place?

The finalisation of the basis of allotment for Kronox Lab Sciences Limited will be done on June 6, 2024, and the allotted shares will be credited to investors’ Demat accounts by June 7, 2024.

When and where will the Kronox Lab Sciences Limited shares be listed?

The equity shares of Kronox Lab Sciences Limited are anticipated to be listed on June 10, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

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