Kronox Lab Sciences IPO: The IPO of Kronox Lab Sciences is opening for investors’ applications from June 3, 2024. The last date to apply for this IPO is June 5, 2024. Thus, investors will have a total of 3 days to apply for this IPO. The GMP (Grey Market Premium) for this IPO is currently around ₹80, which is 59% of its offer price of ₹136. Read on to learn more about the Kronox Lab Sciences IPO in detail.
Kronox Lab Sciences IPO: Key Dates and Price Band at a Glance
| Detail | Information |
|---|---|
| IPO Opening Date | 3 June 2024 |
| IPO Closing Date | 5 June 2024 |
| IPO Price Band | ₹129 to ₹136 per share |
| Face Value | ₹10 per equity share |
| Retail Quota | 35% |
| QIB (Qualified Institutional Buyers) Quota | 50% |
| NII (Non-Institutional Investor) Quota | 15% |
| IPO Size | Approximately ₹130.15 crore |
| Offer for Sale | Approximately 95,70,000 equity shares |
| IPO Listing on | BSE & NSE |
| Kronox Lab Sciences IPO Allotment Date | 6 June 2024 |
| Kronox Lab Sciences IPO Refunds Start | 7 June 2024 |
| Kronox Lab Sciences IPO Credit to Demat Account | 7 June 2024 |
| Kronox Lab Sciences IPO Listing Date | 10 June 2024 |
| Kronox Lab Sciences IPO GMP (31/05/2024) | ₹80 (59%) |
Kronox Lab Sciences IPO: Market Lot
| Application Type | Lot | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹14,960 |
| Retail Maximum | 13 | 1,430 | ₹1,94,480 |
| S-HNI Minimum | 14 | 1,540 | ₹2,09,440 |
| B-HNI Minimum | 67 | 7,370 | ₹10,02,320 |
About Kronox Lab Sciences:
Based in Gujarat, this company manufactures high-purity specialty fine chemicals for diverse and important industries such as pharmaceuticals, agrochemicals, personal care, metal refineries, and animal health products. The company offers more than 185 types of products, including phosphates, sulfates, acetates, chlorides, citrates, nitrates, nitrites, carbonates, EDTA derivatives, hydroxides, succinates, and gluconates.
The company supplies its products not only in India but also to customers in over 20 countries globally. Due to its high quality and variety, its products are widely used across various industries. In the pharmaceutical industry, its chemicals are used in the manufacturing of medicines, while in the agrochemical sector, they help in pesticides and crop development. Personal care products like creams, shampoos, and other cosmetics also benefit significantly from these chemicals.
Additionally, in the metal refinery industry, these chemicals are used to purify and enhance metals. In animal health products, these chemicals are used to improve the health and productivity of animals. Thus, the company provides a comprehensive and diverse product range to meet the needs of various industries, excelling in quality and reliability.
Financials of Kronox Lab Sciences
| Year | Revenue | PAT |
| 2020 | ₹63.24 | ₹9.73 |
| 2021 | ₹83.34 | ₹13.63 |
| 2023 | ₹97.50 | ₹16.62 |
- Jogindersingh Jaswal
- Ketan Ramani
- Pritesh Ramani
Other Companies Similar to Kronox Lab Sciences
- Tatva Chintan Pharma Chem Limited
- Tanfac Industries Limited
- Neogen Chemicals Limited
- Sigachi Industries Limited
- DMCC Specialty Chemical Limited
How to Apply for Kronox Lab Sciences IPO?
To apply for the Kronox Lab Sciences IPO, you must have a Demat and trading account. If you haven’t opened your Demat and trading account yet, open it today. The entire process is online, and your Demat and trading account will be fully operational within 24 to 48 hours. If you are looking for a good and affordable broker, I recommend opening your account with Zerodha. Click on this link to open an account with Zerodha.
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Disclaimer
Investing in an IPO is subject to market risks. The details of the IPO are provided here; this is not investment advice. Please consult your financial advisor before investing.
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