Kronox Lab Sciences Ltd
Price Range
₹129 - ₹136
Min. Quantity
110
Closes on
5 June 2024
Min. investment
₹14,960/1,430 Shares
Kronox Lab Sciences Ltd IPO Timeline
Kronox Lab Sciences Limited was incorporated on November 18, 2008 as 'Kronox Lab Sciences Private Limited', a Private Limited Company, dated November 18, 2008 issued by the Assistant Registrar of Companies, Gujarat. Subsequently, Company converted into a Public Limited Company and a fresh Certificate of Incorporation dated June 11, 2019 was issued by the Registrar of Companies, Ahmedabad, recording the change in name of Company to 'Kronox Lab Sciences Limited'.
| Event | Date |
|---|---|
| Kronox Lab Sciences Ltd IPO Opening Date | 3 June 2024 |
| Kronox Lab Sciences Ltd IPO Closing Date | 5 June 2024 |
| Basis of Allotment | 6 June 2024 |
| Initiation of Refunds | 7 June 2024 |
| Credit of Shares to Demat | 7 June 2024 |
| Kronox Lab Sciences Ltd IPO Listing Date | 10 June 2024 |
Kronox Lab Sciences Ltd IPO Details
| Kronox Lab Sciences Ltd IPO Date | 3 June 2024 to 5 June 2024 |
| Kronox Lab Sciences Ltd IPO Face Value | ₹10 per share |
| Kronox Lab Sciences Ltd IPO Price | ₹129 to ₹136 per share |
| Kronox Lab Sciences Ltd IPO Lot Size | 110 |
| Issue Size | Shares of ₹10 (aggregating up to ₹130.15 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹130.15 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 19,14,000 of the Net Offer |
| Retail Shares Offered | Not less than 33,49,500 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 14,35,500 of the Net Offer |
| Company Promoters | Jogindersingh Jaswal, Ketan Ramani, Pritesh Ramani |
Kronox Lab Sciences Ltd IPO Lot Size
The Kronox Lab Sciences Ltd IPO lot size is 110 shares. A retail-individual investor can apply for up to 13 lots (1,430 shares or ₹1,94,480).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 110 | ₹14,960 |
| Maximum | 13 | 1,430 | ₹1,94,480 |
- Strengths
- Risks
- Opportunities
- Wide range of products finding applications in diversified end user industries.
- Long standing relationships with customers.
- High entry and exit barriers due to long customer approval cycles and strict product standards.
- Focus on R&D and Quality Control.
- Zero debt company with strong and consistent financial performance.
- Strategically located manufacturing facilities providing supply chain efficiencies.
- Experienced Promoters and Senior Management with extensive domain knowledge.
Company Financials
Kronox Lab Sciences Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 73.99 | 91.44 | 21.35 |
| 03-2023 | 54.03 | 97.5 | 16.40 |
| 03-2022 | 56.79 | 83.34 | 13.63 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- General corporate purposes
Kronox Lab Sciences Ltd IPO Promoter Holding
| Pre Issue Share Holding | 34.99% |
| Post Issue Share Holding | 26.39% |
Kronox Lab Sciences Ltd IPO Subscription Status (Bidding Detail)
The Kronox Lab Sciences Ltd IPO is subscribed 118.22 times on 5 June 2024 05:00:00 PM. The public issue subscribed 55.72 times in the retail category, 89.03 times in the QIB category, and 302.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 89.03 | 302.99 | 55.72 | - | 118.22 |
Kronox Lab Sciences Ltd IPO Prospectus
Kronox Lab Sciences Ltd IPO Listing Date
| Listing Date | 10 June 2024 |
| BSE Script | 544187 |
| NSE Symbol | KRONOX |
| Listing In | BSE, NSE |
| ISIN | INE0ATZ01017 |
| IPO Price | ₹136 |
| Face Value | ₹10 |
Company Contact Information
Block # 353 Village EkalbaraPadra,Vadodara-391440
Phone: +91 26 6224 4077/88
Email: cs@kronoxlabsciences.com
Website: www.kronoxlabsciences.com
Kronox Lab Sciences Ltd IPO Registrar
Kronox Lab Sciences Ltd IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
FAQ
What is the issue size of Kronox Lab Sciences Ltd IPO?
I have pre-applied for Kronox Lab Sciences Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.