Kronox Lab Sciences Limited IPO
Kronox Lab Sciences Limited IPO is listed on BSE and NSE, priced at ₹129–₹136 per share. The stock debuted at ₹164.95, delivering a listing gain of 21.3%. The IPO had a lot size of ₹110 shares and a minimum investment of ₹14,960.
Kronox Lab Sciences Limited IPO
- IPO Dates
- Jun 3, 2024 – Jun 5, 2024
- Price band
- ₹129-136 per equity share
- Minimum Investment
- ₹14,960
- Issue size
- ₹130.15 Cr
- Lot size
- 110
- Allotment Date
- Jun 6, 2024
- Listing
- Jun 10, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jun 3, 2024
Open Date
Completed
-
Jun 5, 2024
Close Date
Completed
-
Jun 6, 2024
Allotment Date
Completed
-
Jun 10, 2024
Listing Date
Completed
Price Summary
- Last closing
- 133.07 (-2.15%)
- 52 week high
- 207.49
- 52 week low
- 96.00
- Last update
Kronox Lab Sciences Limited IPO Essentials
Kronox Lab Sciences Limited IPO Details
Kronox Lab Sciences Limited IPO is priced at ₹129-136 per share with a total issue size of 130.15 crore. The IPO has a lot size of 110 shares and is listed on BSE and NSE.
- Issue price
- ₹129-136 per equity share
- Lot size
- 110 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Offer for Sale : 9,570,000 shares(aggregating up to ₹130.15 Cr)
- Total issue size
- 95,70,000 shares
(aggregating up to ₹130.15 crore) - Offer for sale (OFS)
- 95,70,000 shares
(aggregating up to ₹130.15 crore) - Listing at
- BSE, NSE
- List price
- 164.95(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Pantomath Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 110 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors 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 |
Kronox Lab Sciences Limited IPO Reservation
Kronox Lab Sciences Limited IPO reservation details show category-wise allocation of shares. Out of the total 9,570,000 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2,871,000 (30%) | |
| QIB Shares Offered | 1,914,000 (20%) | |
| NII (HNI) Shares Offered | 1,435,500 (15%) | |
| bHNI > ₹10L | 957,000 (10%) | 621 |
| sHNI < ₹10L | 478,500 (5%) | 310 |
| Retail Shares Offered | 3,349,500 (35%) | 30,450 |
| Total Shares Offered | 9,570,000 (100%) |
Kronox Lab Sciences Limited IPO Analytics
Kronox Lab Sciences Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Kronox Lab Sciences Limited IPO Subscription Status
Kronox Lab Sciences Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,785,000 |
1,435,500
957,000
478,500
|
3,349,500 | 6,699,000 |
|
Day 1
03-06-24 05:00 PM
|
1.11 x |
19.97x
15.93x
28.05x
|
13.00 x | 11.10 x |
|
Day 2
04-06-24 05:00 PM
|
3.39 x |
52.94x
45.18x
68.47x
|
24.55 x | 24.59 x |
|
Day 3
05-06-24 05:00 PM
|
89.03 x |
301.92x
322.26x
261.23x
|
54.23 x | 117.25 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 15,28,029 (Approx) | —x | —x | 50.1x |
Kronox Lab Sciences Limited Valuations
Earnings
- EPS Pre IPO
- ₹4.48/-
- EPS Post IPO
- ₹5.56/-
- P/E Pre IPO
- 30.37
- P/E Post IPO
- 24.47
Returns
- ROE
- 25.66%
- ROCE
- 33.15%
- RoNW
- 25.66%
- PAT Margin
- 22.60
Fundamentals
- Price / Book
- 8.37
Kronox Lab Sciences Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 54.03 | 56.79 | 37.65 |
| Revenue | 97.50 | 83.34 | 63.24 |
| Profit After Tax | 16.62 | 13.63 | 9.73 |
| Net Worth | 44.68 | 40.35 | 26.81 |
| Reserves & Surplus | 7.58 | 40.11 | 26.57 |
Kronox Lab Sciences Limited Company & Offer Insights
About Kronox Lab Sciences Limited
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 Promoter(s)
Jogindersingh Jaswal, Ketan Ramani, Pritesh Ramani are the company's promoters of Kronox Lab Sciences Limited.
Kronox Lab Sciences Limited IPO Issue Objectives
- •
- Carry out the Offer for Sale of up to 95,70,000 Equity Shares by the Promoter Selling Shareholders
- •
- 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 Limited IPO - Anchor Investors
Kronox Lab Sciences raises over Rs 39 crore from anchor investors ahead of IPO.
Negen Undiscovered Value Fund is the biggest institutional investor among them, buying Rs 7.57 crore worth of shares, followed by Chanakya Opportunities Fund I and Minerva Emerging Opportunities Fund, which picked up Rs 7.48 crore worth of equity shares each.
Capri Global Capital, Moneywise Financial Services, and VPK Global Ventures Fund bought Rs 5.5 crore worth of shares each.
Kronox Lab Sciences Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kronox Lab Sciences Limited | 4.3 | 4.3 | 12.04 | N/A | 37.19 | 11.3 | Consolidated |
| Tatva Chintan Pharma Chem Limited | 19.45 | 19.45 | 220.07 | 57.57 | 8.84 | 5.09 | Consolidated |
| Tanfac Industries Ltd. | 56.27 | 56.27 | 184.74 | 39.15 | 30.46 | 11.92 | Consolidated |
| Neogen Chemicals Ltd | 18.94 | 18.94 | 182.9 | 77.55 | 10.36 | 8.03 | Consolidated |
| Sigachi Industries Limited | 1.42 | 1.42 | 8.73 | 46.64 | 16.22 | 7.57 | Consolidated |
| DMCC Speciality Chemical Limited | 2.78 | 2.78 | 79.49 | 116.57 | 3.5 | 4.08 | Consolidated |
Notes:
- Current Market Price (CMP) is the closing prices of respective scrips as on May 17, 2024.
- The P/E Ratio has been computed based on the closing market price of equity shares on May 17, 2024, divided by the diluted EPS.
- RoNW is computed as net profit after tax attributable to equity shareholders divided by Net Worth as at March 31, 2023.
- NAV is computed as the closing Net Worth divided by the closing outstanding number of equity shares.
Kronox Lab Sciences Limited IPO - Strengths and Risks
Kronox Lab Sciences Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Kronox Lab Sciences Limited
+91 26 6224 4077/88
https://www.kronoxlabsciences.com/
Block No. 353, Village Ekalbara, Padra, Vadodara-391440
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Kronox Lab Sciences Limited IPO is a book-built IPO worth ₹130.15 crore. The price band is ₹129–₹136 per share. The IPO opens on Jun 3, 2024 and closes on Jun 5, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Kronox Lab Sciences Limited IPO is ₹129 to ₹136 per share.
The lot size of Kronox Lab Sciences Limited IPO is 110 shares.
The minimum investment for Kronox Lab Sciences Limited IPO is approximately ₹14,960 based on the upper price band .
Kronox Lab Sciences Limited IPO opens on Jun 3, 2024 and closes on Jun 5, 2024.
The allotment date of Kronox Lab Sciences Limited IPO is Jun 6, 2024.
Kronox Lab Sciences Limited IPO is expected to be listed on Jun 10, 2024, on BSE and NSE .
Kronox Lab Sciences Limited IPO listed on Jun 10, 2024. It was issued at ₹164.95(NSE) and is currently around ₹133.07 as on 14-May-2026 3:30 PM, which is approximately -2.2% versus issue price. The 52-week high is ₹207.49.
Based on listing and post-listing performance, Kronox Lab Sciences Limited IPO delivered around -2.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Kronox Lab Sciences Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Kronox Lab Sciences Limited IPO valuation snapshot: P/E 24.47, EPS ₹5.56/-, P/B 8.37, RoNW 25.66%, and market cap N/A.
To apply for Kronox Lab Sciences Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Kronox Lab Sciences Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Kronox Lab Sciences Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Kronox Lab Sciences Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kronox Lab Sciences Limited IPO allotment status on IPO Ji for quick and easy access.