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IPO Status: Listed [3rd Jun 2024 to 5th Jun 2024]
Kronox Lab Sciences IPO, a Mainline IPO of ₹130.15 Cr was launced on 03-06-2024 to 05-06-2024 and the shares got listed on BSE, NSE on 10-06-2024.
The public issue of Kronox Lab Sciences IPO (KRONOX,544187) was offered at ₹136.00 per share and the ipo was listed at ₹164.95. It has delivered listing gain of 21.29%.
As the minimum lot size was 110 shares, the IPO has offered Rs 3184.50 per lot return on listing.
| IPO Issue Opening Date: | 3rd Jun 2024 |
| IPO Issue Closing Date: | 5th Jun 2024 |
| IPO Issue Price: | ₹129.00-136.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹130.15 Cr |
| Offer for Sale: | ₹130.15 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.98% |
| Promoter Holding Post IPO: | 74.21% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544187 |
| NSE Code: | KRONOX |
Get important updates regarding Kronox Lab Sciences IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th Jun 2024 |
| Refunds Initiation* | 7th Jun 2024 |
| Credit of Shares to Demat* | 7th Jun 2024 |
| IPO Listing Date* | 10th Jun 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹129.00-136.00 |
| Market Lot: | 110 Shares |
| 1 Lot Amount: | ₹14960 |
| Min Small HNI Lots(2-10 Lakh): | 1540 shares (14 lots) - ₹209440 |
| Min Big HNI Lots(10+ Lakh): | 7370 shares (67 lots) - ₹1002320 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 10-06-2024 | 136.00 | 28 | 2300/32200 | ₹164 (20.59%) | 10-Jun-2024 10:25 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Kronox Lab Sciences Limited was founded in November 2008 and manufactures high purity specialty chemicals used primarily as :
The company's products are manufactured to industry standards such as IP, BP, EP, JP, USP, FCC, LR, AR, GR and ACS, as well as to customised production specifications, which in certain cases differ from the industry standards required by customers.
The range of more than 185 products from the family of Phosphates, Sulphates, Acetates, Chlorides, Citrates, Nitrates, Nitrites, Carbonates, EDTA derivatives, Hydroxides, Succinates, Gluconates etc. are supplied to customers in India and in more than 20 countries worldwide.
In addition to manufacturing products according to various national and international standards, custom manufacturing is also carried out to achieve a high degree of purity that deviates from the prescribed industry standards. Custom manufacturing requires in-depth expertise, knowledge and understanding of the properties of each chemical and its compounds, including the reduction of existing impurities and the processes to be used to achieve the desired level of purity.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Specialty Chemicals | ₹130.15 Cr | https://www.kronoxlabsciences.com/ |
The Objects of the Offer are to:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 4,785,000 (50%) | 1,435,500 (15%) | 3,349,500 (35%) | 9,570,000 | |
| 1 | 3rd Jun 2024 19:04 | 0.44x | 20.11x | 13.35x | 7.91x |
| 2 | 4th Jun 2024 19:04 | 3.39x | 53.10x | 24.89x | 24.80x |
| 3 | 5th Jun 2024 18:21 | 89.03x | 301.92x | 54.24x | 117.25x |
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 |
| Revenue | 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Kronox Lab Sciences Limited | 4.3 | 4.3 | 12.04 | 37.19 | ||
| Tatva Chintan Pharma Chem Limited | 19.45 | 19.45 | 220.07 | 57.57 | 8.84 | Consolidated |
| Tanfac Industries Ltd. | 56.27 | 56.27 | 184.74 | 39.15 | 30.46 | Consolidated |
| Neogen Chemicals Ltd | 18.94 | 18.94 | 182.9 | 77.55 | 10.36 | Consolidated |
| Sigachi Industries Limited | 1.42 | 1.42 | 8.73 | 46.64 | 16.22 | Consolidated |
| DMCC Speciality Chemical Limited | 2.78 | 2.78 | 79.49 | 116.57 | 3.5 | Consolidated |
Last Updated on 14-Jun-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kronox Lab Sciences IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kronox Lab Sciences IPO with Zerodha.
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Kronox Lab Sciences IPO Review and Important Updates
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| Kronox Lab Sciences IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Kronox Lab Sciences IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Kronox Lab Sciences IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Kronox Lab Sciences IPO. Most of the Syndicate Banks provide access to apply in Kronox Lab Sciences IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kronox Lab Sciences IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Kronox Lab Sciences IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Kronox Lab Sciences IPO Review and Important Updates
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Applying in Kronox Lab Sciences IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Kronox Lab Sciences IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
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Kronox Lab Sciences IPO Review and Important Updates
Steps to download the online application form for Kronox Lab Sciences IPO
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Kronox Lab Sciences IPO is going to be list on 10-06-2024. NSE Code for Kronox Lab Sciences is KRONOX. BSE Code for Kronox Lab Sciences is 544187.
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Kronox Lab Sciences IPO Allotment Date is 06-06-2024.
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