Kronox Lab IPO GMP, Price, Date, Allotment

Last updated on June 11, 2024

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

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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

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Kronox Lab Financial Performance

	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

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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

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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	–

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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

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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

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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

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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.

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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%)

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Kronox Lab IPO Reviews – Subscribe or Avoid?

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SBI Securities –
SMC Global – 1.5/5
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Ventura Securities – Subscribe

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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: [email protected]
Website: www.pantomathgroup.com

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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

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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

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Kronox Lab Sciences IPO FAQs