Contents
- 1 Table of Contents
- 2 Kronox Lab Sciences IPO Details
- 3 Lot Size Of the IPO
- 4 Kronox Lab Sciences IPO Date
- 5 Kronox Lab Sciences IPO GMP (Grey Market Premium)
- 6 Kronox Lab Sciences IPO Subscription Status
- 7 Kronox Lab Sciences IPO Allotment Status
- 8 Know About Company
- 9 Objects of the Issue of Kronox Lab Sciences IPO
- 10 Kronox Lab Sciences Limited Promoters Holding
- 11 Kronox Lab Sciences Limited Financial Report
- 12 KPI of Kronox Lab Sciences Limited
- 13 Peer Group Of Kronox Lab Sciences Limited
- 14 Review Of Kronox Lab Sciences IPO
- 15 FAQs Of Kronox Lab Sciences Limited IPO
Kronox Lab Sciences IPO details: Kronox Lab Sciences Limited’s IPO is a book-built issue of Rs 130.15 crores. The entire issue only offers for sale of 95,70,000 shares.
The Kronox Lab Sciences Mainboard IPO opens for subscription on June 03, 2024, and closes on June 05, 2024. IPO’s expected allotment is scheduled for June 06, 2024. Kronox Lab Sciences IPO going to be listed on BSE & NSE on the date of June 10, 2024.
The Kronox Lab Sciences IPO price band is ₹129 to ₹136 per share. The application mandates a minimum lot size of 110 shares, for a retail investor of at least ₹14,960. For sNII, the minimum investment entails 14 lots totalling 1,540 shares, equivalent to ₹209,440. Meanwhile, for bNII, the minimum investment stands at 67 lots, comprising 7,370 shares, amounting to ₹1,002,320.
Table of Contents
Kronox Lab Sciences IPO Details
| Open Date | June 03, 2024 |
| Close Date | June 05, 2024 |
| Listing Date | June 10, 2024 |
| IPO Size | 95.70 lakh shares Aggregating up to ₹130.15 Cr |
| Fresh Issue | NA |
| Face Value | ₹10 per share |
| IPO Price Band | ₹129 to ₹136 per share |
| IPO Listing on | BSE, NSE |
| Lot Size | 110 Shares |
| OFS | 95.70 lakh shares |
| Share Offered to Retail | 35% |
| Share Offered to QBI | 50% |
| Share Offered to HNI | 15% |
Lot Size Of the IPO
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 110 | 14,960 |
| Retail (Max) | 13 | 1,430 | 194,480 |
| S-HNI (Min) | 14 | 1,540 | 209,440 |
| S-HNI (Max) | 66 | 7,260 | 987,360 |
| B-HNI (Min) | 67 | 7,370 | 1,002,320 |
Kronox Lab Sciences IPO Date
| Event | Date | Day |
|---|---|---|
| IPO Open Date | June 3, 2024 | Monday |
| IPO Close Date | June 5, 2024 | Wednesday |
| Allotment Date | June 6, 2024 | Thursday |
| Refunds Date | June 7, 2024 | Friday |
| Credit of Shares to Demat | June 7, 2024 | Friday |
| Listing Date | June 10, 2024 | Monday |
Kronox Lab Sciences IPO GMP (Grey Market Premium)
If you want to know Kronox Lab Sciences IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP. Including Kronox Lab Sciences IPO GMP.
Kronox Lab Sciences IPO Subscription Status
Kronox Lab Sciences IPO subscription starts on June 03, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Kronox Lab Sciences IPO Allotment Status
To check Kronox Lab Sciences IPO allotment status go to the IPO registrar website ”KFIN TECHNOLOGIES LIMITED” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status of Kronox Lab Sciences Limited IPO.
Know About Company
- Incorporation: Kronox Lab Sciences Limited started in 2008.
- Product Range: They manufacture over 185 high-purity specialty fine chemicals used in various industries.
- Applications: Their chemicals are used in pharmaceuticals, scientific research, nutraceuticals, biotech, agrochemicals, personal care, metal refining, and animal health.
- Global Reach: The company exports products to more than 20 countries, including the United States, UK, Australia, and China.
- Manufacturing Facilities: They have three facilities in Vadodara, Gujarat, covering 17,454 sq. meters with a capacity of 7,242 TPA.
- Certifications: Units I and II have certifications like FSSC 22000, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Some products also have Kosher, Halal, GMP, and GLP certifications.
- Customer Base: They have served over 592 customers in the past three years, with 141 customers placing repeat orders.
- Research and Development: As of December 31, 2023, they are developing 122 new products.
- Workforce: The company employs 212 people as of December 31, 2023.
- New Land Acquisition: They acquired 20,471 sq. meters of land at GIDC – Dahej II Industrial Estate for expansion.
Know More details from Kronox Lab Sciences IPO RHP
Objects of the Issue of Kronox Lab Sciences IPO
- To sell up to 95,70,000 equity shares owned by the promoter selling shareholders.
- To gain the advantages of listing the equity shares on stock exchanges. This includes improving visibility and brand image, offering liquidity to current shareholders, and creating a public market for equity shares in India.
Kronox Lab Sciences Limited Promoters Holding
- Before the issue, the company’s promoters were Jogindersingh Jaswal, Ketan Ramani, and Pritesh Ramani, collectively holding 99.98% of the shares.
Kronox Lab Sciences Limited Financial Report
| Particulars | For the Period / Year ended on (₹ in Cr.) | ||||
| December 31, 2023 | December 31, 2022 | March 31, 2023 | March 31, 2022 | March 31, 2021 | |
| Liabilities | 66.96 | 66.25 | 54.03 | 76.79 | 37.65 |
| Assets | 66.96 | 66.25 | 54.03 | 76.79 | 37.65 |
| Revenue | 68.44 | 75.89 | 97.5 | 83.34 | 63.24 |
| PAT (Profit After Tax) | 15.47 | 14.10 | 16.61 | 13.63 | 9.73 |
KPI of Kronox Lab Sciences Limited
| Particulars | December 31, 2023 | December 31, 2022 | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ crore) | 67.686 | 74.103 | 95.578 | 82.247 | 62.460 |
| EBITDA (₹ crore) | 20.460 | 17.883 | 21.996 | 19.697 | 14.803 |
| EBITDA Margin (%) | 30.23 | 24.13 | 23.01 | 23.95 | 23.70 |
| Profit After Tax (₹ crore) | 15.469 | 14.091 | 16.617 | 13.627 | 9.730 |
| PAT Margin (%) | 22.60 | 18.57 | 17.04 | 16.35 | 15.39 |
| EPS (Basic & Diluted) (₹) | 4.17 | 3.61 | 4.30 | 3.49 | 2.40 |
| Total Borrowings (₹ crore) | – | – | – | 0.642 | 0.013 |
| Net worth (₹ crore) | 60.282 | 54.601 | 44.679 | 40.353 | 26.814 |
| ROE (%) | 25.66 | 25.81 | 37.19 | 33.77 | 36.29 |
| ROCE (%) | 33.15 | 33.50 | 49.86 | 46.27 | 51.78 |
| Debt – Equity Ratio | – | – | – | 0.02 | Negligible |
| Fixed Assets Turnover Ratio | 2.61 | 4.62 | 6.01 | 9.30 | 10.87 |
| Net Cash from/(used in) Operating Activities (₹ crore) | 15.312 | 17.472 | 19.665 | 9.020 | 11.314 |
| Net Cash from/(used in) Investing Activities (₹ crore) | – 17.300 | -14.586 | – 5.517 | – 7.599 | – 2.956 |
| Net Cash from/(used in) Financing Activities (₹ crore) | – | – 0.895 | – 13.396 | – 0.666 | – 7.095 |
| Revenue CAGR (Fiscal 2021 to 2023) (%) | 23.70 | ||||
| EBITDA CAGR (Fiscal 2021 to 2023) (%) | 21.90 | ||||
| PAT CAGR (Fiscal 2021 to 2023) (%) | 30.68 | ||||
Peer Group Of Kronox Lab Sciences Limited
- Tatva Chintan Pharma Chem Limited
- Tanfac Industries Limited
- Neogen Chemicals Limited
- Sigachi Industries Limited
- DMCC Speciality Chemical Limited
Kronox Lab Sciences Limited IPO Registrar
KFin Technologies Limited
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel No.: +91 40 6716 2222
Email Id: tbi.ipo@kfintech.com
Kronox Lab Sciences Limited Lead Manager
Pantomath Capital Advisors Private Limited
Pantomath Nucleus House, Saki Vihar Road,
Andheri East, Mumbai – 400072
Maharashtra, India
Tel: 1800 889 8711
E-mail: kronox.ipo@pantomathgroup.com
Website: www.pantomathgroup.com
Investor grievance e-mail: investors@pantomathgroup.com
Kronox Lab Sciences Limited Contact
Kronox Lab Sciences Limited
Block No. 353,
Village Ekalbara, Padra,
Vadodara-391440
Phone: +91 26 6224 4077/88
Email: cs@kronoxlabsciences.com
Website: https://www.kronoxlabsciences.com/
Kronox Lab Sciences IPO Application Form PDF
To download the Kronox Lab Sciences IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Review Of Kronox Lab Sciences IPO
We will Update Soon the Review.
FAQs Of Kronox Lab Sciences Limited IPO
What is the Kronox Lab Sciences Limited IPO?
The Kronox Lab Sciences Limited IPO is a public offering of 95,70,000 equity shares by Kronox Lab Sciences Limited. The total issue size is ₹130.15 crore.
The minimum lot size is 110 shares for retail investors. The maximum lot size for retail investors is 1,430 shares (13 lots). For S-HNI (Small High Net-worth Individual), the minimum investment is 1,540 shares (14 lots), and for B-HNI (Big High Net-worth Individual), the minimum investment is 7,370 shares (67 lots).
How can I check the allotment status of the Kronox Lab Sciences Limited IPO?
You can check the allotment status on the IPO registrar’s website, KFin Technologies Limited, by entering your PAN, DP ID, or application number.
How can I apply for the Kronox Lab Sciences Limited IPO?
You can apply for the IPO through ASBA (Application Supported by Blocked Amount) in your bank’s net banking portal or through your broker.
