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Kronox IPO: A Game-Changer in the Tech Industry


Kronox IPO: A Game-Changer in the Tech Industry | seben capital

About Company

Incorporated in 2008, Kronox Lab Sciences Limited is a manufacturer of high-purity specialty 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, sulfate, 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.

Kronox Lab Sciences Limited Financial Information

Period Ended31 Dec 202331 Mar 2023
31 Mar 202231 Mar 2021
Profit After Tax15.4716.6213.639.73
Net Worth60.2844.6840.3526.81
Reserves and Surplus15.567.5840.1126.57
Total Borrowing0.640.01

Kronox Lab Sciences IPO Details

IPO DateJune 3, 2024 to June 5, 2024
Listing DateMonday, June 10, 2024
Face Value₹10 per share
Price Band₹129 to ₹136 per share
Lot Size110 Shares
Total Issue Size9,570,000 shares
(aggregating up to ₹130.15 Cr)
Offer for Sale9,570,000 shares of ₹10
(aggregating up to ₹130.15 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding post issue37,104,000
Share holding post issue37,104,000

Kronox Lab Sciences IPO Timeline

IPO Open DateMonday, June 3, 2024
IPO Close DateWednesday, June 5, 2024
Basis of AllotmentThursday, June 6, 2024
Initiation of RefundsFriday, June 7, 2024
Credit of Shares to DematFriday, June 7, 2024
Listing DateMonday, June 10, 2024
Cut-off time for UPI mandate confirmation5 PM on June 5, 2024

Kronox Lab Sciences IPO Lot Size

Retail (Min)1110₹14,960
Retail (Max)131430₹194,480
S-HNI (Min)141,540₹209,440
S-HNI (Max)667,260₹987,360
B-HNI (Min)677,370₹1,002,320

Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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