Kronox Lab IPO Description – Kronox Lab Sciences manufactures High Purity Speciality Fine Chemicals for a variety of industries. These chemicals are used as reactants in APIs, excipients in pharmaceuticals, reagents in research, ingredients in nutraceuticals, biotech, agrochemicals, personal care, and animal health products, as well as refining agents in metal refineries. The company produces High Purity Speciality Fine Chemicals in a range of grades with particle sizes varying from 10 mesh to 100 mesh.
The company offers a variety of over 185 products, including phosphates, sulfates, acetates, chlorides, citrates, nitrates, nitrites, carbonates, EDTA derivatives, hydroxides, succinates, and gluconates. These products are supplied to customers in India and more than 20 countries including the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, United Kingdom, Belgium, United Arab Emirates, and China, among others.
Kronox Lab Sciences operates three manufacturing facilities in Vadodara, Gujarat, which are near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. As of 31 December 2023, these facilities have a combined installed capacity of 7,242 tonnes per annum. On the same date, the company employed 57 staff members (excluding trainees) and engaged 155 contract workers.
Promoters of Kronox Lab Sciences – Jogindersingh Jaswal, Ketan Ramani, and Pritesh Ramani
Table of Contents
Kronox Lab Sciences IPO Details
| Kronox Lab IPO Dates | 3 – 5 June 2024 |
| Kronox Lab Issue Price | INR 129 – 136 per share |
| Fresh issue | NIL |
| Offer For Sale | 95,70,000 shares (INR 123.45 – 130.15 crore) |
| Total IPO size | 95,70,000 shares (INR 123.45 – 130.15 crore) |
| Minimum bid (lot size) | 110 shares (INR 14,960) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Kronox Lab Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 62.46 | 82.25 | 95.58 | 67.69 |
| Expenses | 50.02 | 64.99 | 75.17 | 48.23 |
| Net income | 9.73 | 13.63 | 16.62 | 15.47 |
| Margin (%) | 15.58 | 16.57 | 17.39 | 22.85 |
Kronox Lab Sciences Offer News
- Kronox Lab Sciences IPO: 10 Key Points Investors Should Know
- Kronox Lab RHP
- Kronox Lab DRHP
- Upcoming IPOs in June 2024
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Kronox Lab Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 2.62 | 3.67 | 4.48 | 5.56 |
| PE Ratio | – | – | 28.8 – 30.36 | 23.2 – 24.46 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 36.29 | 33.77 | 37.19 |
| NAV | 7.23 | 10.88 | 12.04 |
| ROCE (%) | 51.78 | 46.27 | 49.86 |
| EBITDA (%) | 23.70 | 23.95 | 23.01 |
| Debt/Equity | Nil | 0.02 | – |
Kronox Lab IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 8 June 2024 | 38 | – | 3,100 |
| 7 June 2024 | 40 | – | 3,500 |
| 6 June 2024 | 40 | – | 3,500 |
| 5 June 2024 | 40 | – | 3,500 |
| 4 June 2024 | 80 | – | 7,000 |
| 3 June 2024 | 80 | – | 7,000 |
| 31 May 2024 | 70 | – | 6,500 |
| 30 May 2024 | 80 | – | 7,000 |
Kronox Lab IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 19,14,000 | 14,35,500 | 33,49,500 | 66,99,000 |
| 5 Jun 2024 | 89.03 | 301.92 | 54.23 | 117.25 |
| 4 Jun 2024 | 3.39 | 52.94 | 24.55 | 24.59 |
| 3 Jun 2024 | 1.11 | 19.97 | 13.00 | 11.10 |
Kronox Lab – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Kronox Lab Sciences | 30.36 | 4.48 | 37.19 | 12.04 | 97.50 |
| Tatva Chintan Pharma | 69.94 | 19.45 | 8.84 | 220.07 | 429.36 |
| Tanfac Industries | 38.55 | 56.27 | 30.46 | 184.74 | 382.87 |
| Neogen Chemicals | 75.61 | 18.94 | 10.36 | 182.90 | 690.63 |
| Sigachi Industries | 56.22 | 1.42 | 16.22 | 8.73 | 308.72 |
| DMCC Speciality Chemical | 114.09 | 2.78 | 3.50 | 79.49 | 389.59 |
Kronox Lab IPO Allotment Status
Kronox Lab IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Kronox Lab IPO Dates & Listing Performance
| IPO Opening Date | 3 June 2024 |
| IPO Closing Date | 5 June 2024 |
| Finalization of Basis of Allotment | 6 June 2024 |
| Initiation of refunds | 7 June 2024 |
| Transfer of shares to demat accounts | 7 June 2024 |
| Kronox Lab IPO Listing Date | 10 June 2024 |
| Opening Price on NSE | INR 164.95 per share (up 21.29%) |
| Closing Price on NSE | INR 159.32 per share (up 17.15%) |
Kronox Lab IPO Reviews – Subscribe or Avoid?
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SBI Securities –
SMC Global – 1.5/5
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Kronox Lab Offer Lead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki-Vihar Road,
Andheri (East)-400072, Mumbai, Maharashtra, India
Phone: 1800 889 8711
Email:Â [email protected]
Website:Â www.pantomathgroup.com
Kronox Lab Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Kronox Lab IPO Contact Details
KRONOX LAB SCIENCES LIMITED
Block No.284, Village Ekalbara,
Padra, Vadodara 391 440, Gujarat
Phone:Â +91 26 6224 4077/88
Email: [email protected]
Website: www.kronoxlabsciences.com
Kronox Lab Sciences IPO FAQs
How many shares in Kronox Lab IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a Kronox Lab Public Offer?
The best way to apply for Kronox Lab’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Kronox Lab IPO GMP today?
Kronox Lab IPO GMP today is INR 38 per share.
What is Kronox Lab’s kostak rate today?
Kronox Lab kostak rate today is INR NA per application.
What is Kronox Lab Subject to Sauda rate today?
Kronox Lab Subject to Sauda rate today is INR 3,100 per application.
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