Kronox Lab Sciences IPO Details: Kronox Lab Sciences has announced the dates for its upcoming IPO, which will open on June 3 and close on June 5. The IPO aims to raise approximately ₹130.15 crores through the sale of up to 9,570,000 equity shares, each valued at ₹10. The allocation for this IPO is divided into 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI).
Kronox Lab Sciences specializes in the production of high-purity specialty fine chemicals for a diverse range of industries. Their products serve various applications including:
- Reacting agents and raw materials in the production of Active Pharmaceutical Ingredients (APIs).
- Excipients in pharmaceutical formulations.
- Reagents for scientific research and laboratory testing.
- Ingredients in nutraceutical formulations.
- Process intermediates and fermenting agents in biotech applications.
- Ingredients in agrochemical formulations.
- Ingredients in personal care products.
- Refining agents in metal refineries.
- Ingredients in animal health products.
Their chemicals are manufactured according to industry standards such as IP, BP, EP, JP, USP, FCC, LR, AR, GR, and ACS. Additionally, they offer custom manufacturing to meet specific customer requirements. Kronox produces these high-purity specialty chemicals in various grades and particle sizes, ranging from 10 mesh to 100 mesh. Their dedication to product development, diverse offerings, stringent quality standards, and continuous process improvements have secured them repeat orders from numerous customers over the years.
Kronox Lab Sciences offers over 185 products, including phosphate, sulfate, acetate, chloride, citrate, nitrate, nitrite, carbonate, EDTA derivatives, hydroxide, succinate, and gluconate, among others. Their products are supplied to clients in India and over 20 countries worldwide.
The company operates three manufacturing facilities located in Vadodara, Gujarat, strategically near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. These facilities cover a total area of 17,454 square meters and, as of December 31, 2023, have a combined installed capacity of 7,242 TPA. Their Units I and II hold certifications including FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Additionally, they have obtained Kosher, Halal, GMP, and GLP certifications for certain products manufactured at Unit I. For further details on manufacturing facility certifications, refer to page 190. Moreover, they have acquired 20,471 square meters of land at GIDC – Dahej II Industrial Estate for future expansion.
Kronox Lab Sciences IPO Objectives:
The Objects of the Offer are to:
- Carry out the Offer for Sale of up to 95,70,000 Equity Shares by the Promoter Selling Shareholders; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of the Equity Shares will enhance the visibility and brand image, provide liquidity to its existing Shareholders, and provide a public market for Equity Shares in India.
Kronox Lab Sciences IPO Review (Apply or Not)
- Apply
Kronox Lab Sciences IPO Date & Price Band Details:
| IPO Open: | June 3, 2024 |
| IPO Close: | June 5, 2024 |
| IPO Size: | Approx ₹130.15 Crores |
| Offer for Sale: | Approx ₹9,570,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹129 to ₹136 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Kronox Lab Sciences IPO Lot Size:
The Kronox Lab Sciences IPO has set the minimum market lot at 110 shares, requiring an application amount of ₹14,960. Retail investors have the option to apply for up to 13 lots, which equates to 1,430 shares or an investment of ₹194,480.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 110 | ₹14,960 |
| Retail Maximum | 13 | 1430 | ₹194,480 |
| S-HNI Minimum | 14 | 1540 | ₹209,440 |
| B-HNI Minimum | 67 | 7370 | ₹1,002,320 |
Kronox Lab Sciences IPO Timeline:
The Kronox Lab Sciences IPO will open on June 3 and close on June 5. The allotment of shares will be finalized on June 6, and the IPO is expected to be listed on June 10.
| IPO Open Date: | 3-June-2024 |
| IPO Close Date: | 5-June-2024 |
| Basis of Allotment: | 6-June-2024 |
| Refunds: | 7-June-2024 |
| Credit to Demat Account: | 7-June-2024 |
| IPO Listing Date: | 10-June-2024 |
Kronox Lab Sciences IPO GMP Today:
The grey market premium (GMP) for the Kronox Lab Sciences IPO is +₹80, indicating that shares are trading at a premium of ₹80 in the grey market, according to investorgain.com. Based on the upper end of the IPO price band and the current GMP, the expected listing price for Kronox Lab Sciences shares is projected to be ₹216 per share. This represents a 58.82% increase over the IPO price of ₹136.
Kronox Lab Sciences Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹63.24 | ₹50.02 | ₹9.73 |
| 2021 | ₹83.34 | ₹64.99 | ₹13.63 |
| 2023 | ₹97.50 | ₹75.17 | ₹16.62 |
| Dec 2023 | ₹68.44 | ₹48.22 | ₹15.47 |
Kronox Lab Sciences IPO Valuation – FY2023
Check Kronox Lab Sciences IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.30 per Equity Share |
| Price/Earning P/E Ratio: | 30.00 |
| Return on Net Worth (RoNW): | 37.19% |
| Net Asset Value (NAV): | ₹12.04 per Equity Share |
Peer Group
- Tatva Chintan Pharma Chem Limited
- Tanfac Industries Limited
- Neogen Chemicals Limited
- Sigachi Industries Limited
- DMCC Speciality Chemical Limited
Company Promoters
- Jogindersingh Jaswal
- Ketan Ramani
- Pritesh Ramani
Kronox Lab Sciences IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: klsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/
Kronox Lab Sciences IPO Allotment Status Check
Check Kronox Lab Sciences IPO allotment status on Kfin Technologies website allotment URL. Click Here
Kronox Lab Sciences IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Pvt Ltd
Company Address
Kronox Lab Sciences Limited
Block No. 353,
Village Ekalbara, Padra,
Vadodara-391440
Phone: +91 26 6224 4077/88
Email: cs@kronoxlabsciences.com
Website: https://www.kronoxlabsciences.com/
FAQs for Kronox Lab Sciences IPO:
What are the dates for the Kronox Lab Sciences IPO?
The IPO will open on June 3 and close on June 5.
When will the allotment of shares be finalized?
The allotment of shares will be finalized on June 6.
When will Kronox Lab Sciences be listed on the stock exchange?
The shares are expected to be listed on June 10.
What is the minimum market lot for the Kronox Lab Sciences IPO?
The minimum market lot is 110 shares.
What is the application amount for the minimum market lot?
The application amount for the minimum market lot of 110 shares is ₹14,960.
How many shares can retail investors apply for?
Retail investors can apply for up to 13 lots, which is 1,430 shares.
What is the total investment amount for the maximum number of lots a retail investor can apply for?
The total investment amount for 13 lots (1,430 shares) is ₹194,480.
What is the grey market premium (GMP) for the Kronox Lab Sciences IPO?
The grey market premium (GMP) is +₹80.
What does the GMP indicate about the expected listing price?
Considering the upper end of the IPO price band and the current GMP, the expected listing price is ₹216 per share, which is 58.82% higher than the IPO price of ₹136.
How much does Kronox Lab Sciences aim to raise through the IPO?
Kronox Lab Sciences aims to raise approximately ₹130.15 crores through the IPO.
What is the breakdown of the IPO allocation?
The allocation is divided as follows:
- Retail investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-Worth Individuals (HNI): 15%
What industries does Kronox Lab Sciences serve?
Kronox Lab Sciences manufactures high-purity specialty fine chemicals for various industries, including pharmaceuticals, nutraceuticals, biotechnology, agrochemicals, personal care, metal refineries, and animal health, among others.
Where are Kronox Lab Sciences’ manufacturing facilities located?
The company has three manufacturing facilities located in Vadodara, Gujarat, near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva.
