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Kronox Lab Sciences IPO is a book build issue of ₹130.15 crores. The issue is entirely an offer for sale of 0.96 crore shares of ₹130.15 crore.
Kronox Lab Sciences IPO bidding started from Jun 3, 2024 and ended on Jun 5, 2024. The allotment for Kronox Lab Sciences IPO was finalized on Jun 6, 2024. The shares got listed on BSE, NSE on Jun 10, 2024.
Kronox Lab Sciences IPO price band is set at ₹136.00 per share . The lot size for an application is 110. The minimum amount of investment required by an retail is ₹14,190 (110 shares). The lot size investment for sNII is 14 lots (1,540 shares), amounting to ₹2,09,440, and for bNII, it is 67 lots (7,370 shares), amounting to ₹10,02,320.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Kronox Lab Sciences IPO RHP for detailed Information.
| IPO Date | June 3, 2024 to June 5, 2024 |
| Listing Date | June 10, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹129 to ₹136 per share |
| Issue Price Final | ₹136 per share |
| Lot Size | 110 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 95,70,000 shares (aggregating up to ₹130.15 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,71,04,000 shares |
| Share Holding Post Issue | 3,71,04,000 shares |
Kronox Lab Sciences IPO offers total 95,70,000 shares. Out of which 47,85,000 (50.00%) allocated to QIB, 19,14,000 (20.00%) allocated to QIB, 14,35,500 (15.00%) allocated to NII, 33,49,500 (35.00%) allocated to RII and 28,71,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 47,85,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 28,71,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 19,14,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 14,35,500 (15.00%) | NA |
| − bNII > ₹10L | 9,57,000 (10.00%) | 621 |
| − sNII < ₹10L | 4,78,500 (5.00%) | 310 |
| Retail Shares Offered | 33,49,500 (35.00%) | 30,450 |
| Total Shares Offered | 95,70,000 (100.00%) |
Kronox Lab Sciences IPO raises ₹39.05 crore from anchor investors. Kronox Lab Sciences IPO Anchor bid date is May 31, 2024. Kronox Lab Sciences IPO Anchor Investors list
| Bid Date | May 31, 2024 |
| Shares Offered | 28,71,000 |
| Anchor Portion Size (In Cr.) | 39.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 6, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 4, 2024 |
Kronox Lab Sciences IPO opens on June 3, 2024, and closes on June 5, 2024.
| IPO Open Date | Mon, Jun 3, 2024 |
| IPO Close Date | Wed, Jun 5, 2024 |
| Tentative Allotment | Thu, Jun 6, 2024 |
| Initiation of Refunds | Fri, Jun 7, 2024 |
| Credit of Shares to Demat | Fri, Jun 7, 2024 |
| Tentative Listing Date | Mon, Jun 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 5, 2024 |
Investors can bid for a minimum of 110 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹14,960 |
| Retail (Max) | 13 | 1,430 | ₹1,94,480 |
| S-HNI (Min) | 14 | 1,540 | ₹2,09,440 |
| S-HNI (Max) | 66 | 7,260 | ₹9,87,360 |
| B-HNI (Min) | 67 | 7,370 | ₹10,02,320 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Kronox Lab Sciences Limited is a manufacturer of high-purity speciality fine chemicals for diverse end-user industries. The company's High Purity Specialty Fine Chemicals are used in various applications such as manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products.
The company offers a wide range of over 185 products, including phosphate, sulphate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and others. These products are supplied to customers in India and more than 20 countries worldwide.
The company exports its products to countries such as United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, United Kingdom, Belgium, United Arab Emirates, China, among others.
The company has three manufacturing facilities in Vadodara, Gujarat, close to the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. The facilities cover 17,454 sq. m. and have an installed capacity of 7,242 TPA as of December 31, 2023. Unit I/II holds FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Additionally, some products manufactured at Unit I have obtained Kosher, Halal, GMP, and GLP certifications.
As of December 31, 2023, the company is conducting research and development on 122 products.
The company has served over 592 customers in the past three years. By December 31, 2023, 141 customers of the total, placed repeat orders.
As of December 31, 2023, the company employees 212 people at various levels.
Kronox Lab Sciences Limited's revenue increased by 16.99% and profit after tax (PAT) rose by 21.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 66.96 | 54.03 | 56.79 | 37.65 |
| Total Income | 68.44 | 97.50 | 83.34 | 63.24 |
| Profit After Tax | 15.47 | 16.62 | 13.63 | 9.73 |
| Net Worth | 60.28 | 44.68 | 40.35 | 26.81 |
| Reserves and Surplus | 15.56 | 7.58 | 40.11 | 26.57 |
| Total Borrowing | 0.64 | 0.01 | ||
| Amount in ₹ Crore | ||||
The market capitalization of Kronox Lab Sciences IPO is ₹504.61 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.66% |
| ROCE | 33.15% |
| RoNW | 25.66% |
| PAT Margin | 22.60% |
| Price to Book Value | 8.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.48 | 5.56 |
| P/E (x) | 30.37 | 24.47 |
The Objects of the Offer are to:
[Dilip Davda] The company is in high-purity speciality chemical segment and enjoys virtual monopoly in certain products. Its product portfolio currently has 185 products and another 122 is in the pipeline. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | June 10, 2024 |
| BSE Script Code | 544187 |
| NSE Symbol | KRONOX |
| ISIN | INE0ATZ01017 |
| Final Issue Price | ₹136 per share |
| BSE Listing Group | T |
Kronox Lab Sciences Ltd.
Block No. 353,
Village Ekalbara
Padra
Vadodara, Gujarat, 391440
Phone: +91 26 6224 4077/88
Email: cs@kronoxlabsciences.com
Website: https://www.kronoxlabsciences.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: klsl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Kronox Lab Sciences IPO is a main-board IPO of 95,70,000 equity shares of the face value of ₹10 aggregating up to ₹130.15 Crores. The issue is priced at ₹136 per share. The minimum order quantity is 110.
The IPO opens on June 3, 2024, and closes on June 5, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kronox Lab Sciences IPO using UPI as a payment gateway. Zerodha customers can apply in Kronox Lab Sciences IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kronox Lab Sciences IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kronox Lab Sciences IPO opens on June 3, 2024 and closes on June 5, 2024.
Kronox Lab Sciences IPO lot size is 110, and the minimum amount required for application is ₹14,960.
You can apply in Kronox Lab Sciences IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kronox Lab Sciences IPO will be done on Thursday, June 6, 2024, and the allotted shares will be credited to your demat account by Friday, June 7, 2024. Check the Kronox Lab Sciences IPO allotment status.
The Kronox Lab Sciences IPO listing date is on Monday, June 10, 2024.
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