Kronox Lab IPO GMP, Price, Date, Allotment

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Last updated on June 11, 2024

Kronox Lab IPO GMP

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.

Kronox Lab Sciences IPO

Promoters of Kronox Lab Sciences – Jogindersingh Jaswal, Ketan Ramani, and Pritesh Ramani


Kronox Lab Sciences IPO Details

Kronox Lab IPO Dates3 – 5 June 2024
Kronox Lab Issue PriceINR 129 – 136 per share
Fresh issueNIL
Offer For Sale95,70,000 shares (INR 123.45 – 130.15 crore)
Total IPO size95,70,000 shares (INR 123.45 – 130.15 crore)
Minimum bid (lot size)110 shares (INR 14,960)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Kronox Lab Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue62.4682.2595.5867.69
Expenses50.0264.9975.1748.23
Net income9.7313.6316.6215.47
Margin (%)15.5816.5717.3922.85
Figures in INR Crores unless specified otherwise

Kronox Lab Sciences Offer News


Kronox Lab Valuations & Margins

FY 2021FY 2022FY 2023 (Pre Issue)FY 2024 (Post-Issue)*
EPS2.623.674.485.56
PE Ratio28.8 – 30.3623.2 – 24.46
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)36.2933.7737.19
NAV7.2310.8812.04
ROCE (%)51.7846.2749.86
EBITDA (%)23.7023.9523.01
Debt/EquityNil0.02
*Compiled by IPO Central from Prospectus

Kronox Lab IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
8 June 2024383,100
7 June 2024403,500
6 June 2024403,500
5 June 2024403,500
4 June 2024807,000
3 June 2024807,000
31 May 2024706,500
30 May 2024807,000

Kronox Lab IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered19,14,00014,35,50033,49,50066,99,000
5 Jun 202489.03301.9254.23117.25
4 Jun 20243.3952.9424.5524.59
3 Jun 20241.1119.9713.0011.10

Kronox Lab – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Kronox Lab Sciences30.364.4837.1912.0497.50
Tatva Chintan Pharma69.9419.458.84220.07429.36
Tanfac Industries38.5556.2730.46184.74382.87
Neogen Chemicals75.6118.9410.36182.90690.63
Sigachi Industries56.221.4216.228.73308.72
DMCC Speciality Chemical114.092.783.5079.49389.59

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 Date3 June 2024
IPO Closing Date5 June 2024
Finalization of Basis of Allotment6 June 2024
Initiation of refunds7 June 2024
Transfer of shares to demat accounts7 June 2024
Kronox Lab IPO Listing Date10 June 2024
Opening Price on NSEINR 164.95 per share (up 21.29%)
Closing Price on NSEINR 159.32 per share (up 17.15%)

Kronox Lab IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Axis Capital – Not rated
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market –
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Apply for long term
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe for long term
ICICIdirect –
Investmentz – Not rated
Jainam Broking Avoid
DR Choksey –
JM Financial – Not rated
Marwadi Financial – Subscribe
Mehta Equities –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Not rated
SBI Securities –
SMC Global – 1.5/5
Swastika Investmart – Subscribe
Ventura Securities – Subscribe


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[email protected]
Website: 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: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com


Kronox Lab IPO Contact Details

KRONOX LAB SCIENCES LIMITED
Block No.284, Village Ekalbara,
Padra, Vadodara 391 440, Gujarat
Phone: +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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