Kronox Lab Sciences IPO Details ( Kronox Lab Sciences Limited IPO Review )
(3 June 2024 – 5 June 2024)
Founded in 2008, Kronox Lab Sciences Limited specializes in producing high-purity specialty fine chemicals for a variety of industries. These chemicals are essential in manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products.
Kronox Lab offers over 185 different products, including phosphates, sulfates, acetates, chlorides, citrates, nitrates, nitrites, carbonates, EDTA derivatives, hydroxides, succinates, gluconates, and more. Their products are supplied to customers in India and over 20 other countries.
The company exports to the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, the United Kingdom, Belgium, the United Arab Emirates, China, and more.
Kronox Lab operates three manufacturing facilities in Vadodara, Gujarat, near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. These facilities span 17,454 sq. meters and have a production capacity of 7,242 TPA as of December 31, 2023. Units I and II are certified with FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Some products from Unit I also have Kosher, Halal, GMP, and GLP certifications.
As of December 31, 2023, the company is researching and developing 122 new products.
Over the past three years, Kronox Lab has served more than 592 customers, with 141 of them placing repeat orders by December 31, 2023.
The company employs 212 people as of December 31, 2023.
Kronox Lab Sciences Limited IPO Competitive Strength
- Wide range of products finding applications in diversified end user industries
- Long standing relationships with customers
- High entry and exit barriers due to long customer approval cycles and strict product standards
- Focus on R&D and Quality Control
- Zero debt company with strong and consistent financial performance
- Strategically located manufacturing facilities providing supply chain efficiencies
- Experienced Promoters and Senior Management with extensive domain knowledge
Kronox Lab Sciences IPO Financials Performance ( Results )
Kronox Lab Sciences Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 37.65 | 63.24 | 9.73 | 26.81 | 26.57 | 0.01 |
| 31-Mar-22 | 56.79 | 83.34 | 13.63 | 40.35 | 40.11 | 0.64 |
| 31-Mar-23 | 54.03 | 97.50 | 16.62 | 44.68 | 7.58 | |
| 31-Dec-23 | 66.96 | 68.44 | 15.47 | 60.28 | 15.56 |
Objective of Kronox Lab Sciences IPO Issue
- 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 Basic Details
| IPO Date | June 3, 2024 to June 5, 2024 |
| Listing Date | Monday, June 10, 2024 |
| Face Value | ₹10 per share |
| Price | ₹129 to ₹136 per share |
| Lot Size | 110 Shares |
| Issue Size | 9,570,000 shares of ₹10 (aggregating up to ₹130.15 Cr) |
| Offer for Sale Issue | 9,570,000 shares of ₹10 (aggregating up to ₹130.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 37,104,000 |
| Share holding post issue | 37,104,000 |
| Company Promoters | Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani |
Kronox Lab Sciences IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Kronox Lab IPO Timetable
Kronox Lab IPO will open on June 3, 2024 and close on June 5, 2024. You can join Kronox Lab IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 3 June 2024 (Monday) |
| Closing Date | 5 June 2024 (Wednesday) |
| Basis of Allotment | 6 June 2024 (Thursday) |
| Initiation of Refunds | 7 June 2024 (Friday) |
| Credit of Shares to Demat | 7 June 2024 (Friday) |
| Listing Date | 10 June 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 5 June 2024 |
Kronox IPO Lot Size
For retail investors in Kronox IPO, 110 shares will come in 1 lot or the minimum investment will be ₹14,960. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹194,480.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 110 | ₹14,960 |
| Retail (Max) | 13 | 1,430 | ₹194,480 |
| S-HNI (Min) | 14 | 1,540 | ₹209,440 |
| S-HNI (Max) | 66 | 7,260 | ₹987,360 |
| B-HNI (Min) | 67 | 7,370 | ₹1,002,320 |
Kronox Lab Sciences IPO Promoter Holding
The company’s promoters include Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 74.21% |
Kronox Lab Sciences Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 504.61 |
| Earning Per Share (EPS) | ₹4.30 per Equity Share |
| Net Asset Value (NAV) | ₹12.04 per Equity Share |
| P/E Ratio (P/E) (x) | 30.37 |
| Post P/E Ratio (P/E) (x) | 24.47 |
| Return on Net Worth (RoNW) (%) | 25.66 |
| Return on equity (ROE) (%) | 25.66 |
| Return on Capital Employed (ROCE) (%) | 33.15 |
| Price/Book Value Ratio | 8.37 |
Kronox Lab Sciences IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹82 | – | – |
| 1 June 2024 | ₹82 | – | – |
Kronox Lab Sciences IPO Detail Video:
Kronox Lab Sciences IPO Subscription Status (Bidding Detail)
The Kronox Lab Sciences IPO on June 3, 2024 at 7:02:00 PM was subscribed 117.25 times, with the retail category being subscribed 54.24 times, the NII (Non-Institutional Investor) category being subscribed 301.92 times, QIB (Qualified-Institutional Buyers) category being subscribed 89.03 times.
| Category | Subscription |
| QIB | 89.03x |
| NII | 301.92x |
| Retail | 54.24x |
| Total | 117.25x |
Kronox Lab Sciences IPO Prospectus
| Kronox Lab Sciences IPO DRHP | Download |
| Kronox Lab Sciences IPO RHP | Download |
| Kronox Lab Sciences IPO Anchor Investors Details PDF | Download |
Kronox Lab Sciences IPO Rating
| Our Rating | 3.0/5.0 |
Kronox Lab Sciences Company Contact Information
Kronox Lab Sciences Limited
Registered Office: Block No.353, Village Ekalbara, Padra, Vadodara 391 440, Gujarat, India
Tel: +91 26 6224 4077/88
Corporate Office: Block No.284, Village Ekalbara, Padra, Vadodara 391 440, Gujarat, India
Contact Person: Nikhil Goswami, Company Secretary and Compliance Officer
E-mail: cs@kronoxlabsciences.com
Website: www.kronoxlabsciences.com
Corporate Identity Number: U24117GJ2008PLC055460
Our Promoters: Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani
Kronox Lab Sciences IPO Registrar
KFin Technologies Limited
Registered Office: Selenium Tower B, Plot No. 31-32, Gachibowli Financial District, Nanakramguda,
Serilingampally, Hyderabad 500 032, Telangana, India
Telephone: +91 40 6716 2222/ 1800 309 4001
Email: klsl.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
Kronox Lab Sciences IPO Lead Manager
Pantomath Capital Advisors Private Limited
Registered Office: Pantomath Nucleus House, Saki Vihar Road, Andheri East, Mumbai – 400072 Maharashtra, India
Tel: 1800 889 8711
E-mail: kronox.ipo@pantomathgroup.com
Website: www.pantomathgroup.com
Investor grievance e-mail: investors@pantomathgroup.com
Contact Person: Kaushal Patwa
SEBI Registration No.: INM000012110
Kronox Lab Sciences IPO FAQs
What is the lot size of Kronox Lab Sciences IPO?
The total size of Kronox Lab Sciences IPO is ₹130.15 crores and this is a complete offer for sale (OFS) Issue.
When will Kronox Lab Sciences IPO start?
Kronox Lab Sciences IPO will open from 3 June 2024 and IPO will close on 5 June 2024.
What is the open date of Kronox Lab Sciences IPO?
Kronox Lab Sciences IPO will open date from 3 June 2024.
What is the last date ( close date ) of Kronox Lab Sciences IPO?
Kronox Lab Sciences IPO will close from 5 June 2024.
What is the price band of Kronox Lab Sciences IPO?
Kronox Lab Sciences IPO price band is ₹129 to ₹136. ( Upper Price Band: ₹136, Lower Price Band: ₹129 )
What is the minimum amount required to apply for Kronox Lab Sciences IPO?
The minimum investment for retailers to apply for Kronox Lab Sciences IPO is ₹14,960 and the maximum investment is ₹194,480.
What is going on gray market premium of Kronox Lab Sciences IPO?
View gray market premium of Kronox Lab Sciences IPO by Clicking Here
How much is the GMP of Kronox Lab Sciences IPO?
Watch Kronox Lab Sciences IPO GMP Today: Click Here
What is the allotment date of Kronox Lab Sciences IPO?
The allotment date of Kronox Lab Sciences IPO is 6 June 2024.
How to check allotment status in Kronox Lab Sciences IPO?
To check the allotment status of Kronox Lab Sciences IPO, first of all go to the registrar website by clicking here, select your bad Kronox Lab Sciences IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Kronox Lab Sciences IPO?
The listing date of Kronox Lab Sciences IPO is 10 June 2024.
How much will be the listing gain in Kronox Lab Sciences IPO?
View listing gain of Kronox Lab Sciences IPO by Clicking Here
How much time Kronox Lab Sciences IPO is subscribed?
Total 117.25 times subscribed in Kronox Lab Sciences IPO out of which 54.24 times subscription was done in retail quota, 301.92 times subscription in NII quota and 89.03 times subscription in QIB quota.
How to apply for Kronox Lab Sciences IPO from Upstox?
Click Here to see how to apply for Kronox Lab Sciences IPO from Upstox. (step by step)
How to apply for Kronox Lab Sciences PO from Zerodha?
Click Here to see how to apply for Kronox Lab Sciences IPO from Zerodha. (step by step)
How to apply for Kronox Lab Sciences IPO from Angle One?
Click Here to see how to apply for Kronox Lab Sciences IPO from Angle One. (step by step)
