The Kronox Lab Sciences IPO started on June 3, 2024, and ended on June 5, 2024. Shares were allocated on June 6, 2024, and refund processes began on June 7, 2024. On June 7, 2024, the shares were credited to investors demat accounts. Kronox Lab Sciences was officially listed on the stock exchange on June 10, 2024.
During the IPO, Kronox Lab Sciences offered shares at a price range of ₹129 to ₹136 per share, and the lot size was 110 shares. The total issue size was ₹130.15 crores, with ₹130.15 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Kronox Lab Sciences IPO Subscription Update Video
Kronox Lab Sciences IPO Subscription Status
The Kronox Lab Sciences IPO on June 5, 2024 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, the 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 IPO Basic Details
| Company Name | Kronox Lab Sciences Limited |
| Kronox Lab Sciences IPO Open Date | June 3, 2024 |
| Kronox Lab Sciences IPO Close Date | June 5, 2024 |
| Kronox Lab Sciences IPO Allotment Date | June 6, 2024 |
| Kronox Lab Sciences IPO Listing Date | 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) |
| Fresh Issue | 9,570,000 shares of ₹10 (aggregating up to ₹130.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani |
About Kronox Lab Sciences Limited
Founded in 2008, Kronox Lab Sciences Limited manufactures high-purity specialty fine chemicals for various industries. Their products are crucial in fields like pharmaceuticals, scientific research, nutraceuticals, biotechnology, agrochemicals, personal care, metal refining, and animal health.
Kronox Lab Sciences offers over 185 products, including phosphates, sulfates, acetates, chlorides, citrates, nitrates, nitrites, carbonates, EDTA derivatives, hydroxides, succinates, and gluconates. These are supplied to customers in India and more than 20 other countries.
Their export markets include the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, the United Kingdom, Belgium, the United Arab Emirates, and China.
With three manufacturing facilities in Vadodara, Gujarat, near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva, the company covers 17,454 sq. m. and has an installed capacity of 7,242 TPA as of December 31, 2023. Units I and II have certifications including FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Additionally, some products from Unit I are certified Kosher, Halal, GMP, and GLP.
By the end of 2023, Kronox Lab Sciences was researching and developing 122 new products. Over the past three years, they have served more than 592 customers, with 141 placing repeat orders.
The company employs 212 people as of December 31, 2023.
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Kronox Lab Sciences IPO FAQs
What is the start and end date of Kronox Lab Sciences IPO Subscription?
The Kronox Lab Sciences IPO started on June 3, 2024, and ended on June 5, 2024.
When does Kronox Lab Sciences IPO Subscription open?
The Kronox Lab Sciences IPO open on June 3, 2024.
When does Kronox Lab Sciences IPO Subscription close?
The Kronox Lab Sciences IPO Close on June 5, 2024.
What is the allotment date of Kronox Lab Sciences IPO?
The allotment date for Kronox Lab Sciences IPO is June 6, 2024.
When is the initial refund date of Kronox Lab Sciences IPO?
The initial Refund date for Kronox Lab Sciences IPO is June 7, 2024.
When were the shares credited to investors demat accounts for the Kronox Lab Sciences IPO?
The shares for the Kronox Lab Sciences IPO were credited to investors demat accounts on June 7, 2024.
When will Kronox Lab Sciences IPO be listed on the stock market?
Kronox Lab Sciences IPO stock market will be listed on June 10, 2024 at 10 am.
What was the price range of the Kronox Lab Sciences IPO shares?
The Kronox Lab Sciences IPO shares were offered at a price range of ₹129 to ₹136 per share.
What was the lot size for the Kronox Lab Sciences IPO shares?
The lot size for the Kronox Lab Sciences IPO shares was 110 shares.
What was the total issue size of the Kronox Lab Sciences IPO?
The total issue size of the Kronox Lab Sciences IPO was ₹130.15 crores.
How were the shares allocated among different types of investors for the Kronox Lab Sciences IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Kronox Lab Sciences IPO listed?
The Kronox Lab Sciences IPO was listed on both the NSE and BSE.
What is the Kronox Lab Sciences IPO Subscription Status?
Kronox Lab Sciences IPO is subscribed 117.25 Times.
