Kronox Lab Sciences IPO Details Today : Kronox Lab Sciences IPO is Open on 3 June 2024 and Close on 5 June 2024. Kronox Lab Sciences IPO to Raise 9,600,000 shares (Rs. 130.56 Cr.) via IPO. The Fresh issue of 9,600,000 shares (Rs. 130.56 Cr).
Kronox Lab Sciences Limited Incorporated in 2008 Company Manufacture High Purity Speciality Fine Chemicals for diversified end-user industries. Our Purity Speciality Fine Chemicals are used mainly as
(i) reacting agents and raw materials in the manufacturing of Active Pharmaceutical Ingredients (APIs).
(ii) excipients in pharmaceutical formulations.
(iii) reagents for scientific research and laboratory testing.
(iv) ingredients in nutraceuticals formulations.
(v) process intermediates and fermenting agents in biotech applications.
(vi) ingredients in agrochemical formulations.
(vii) ingredients in personal Care Products.
(viii) Refining agents in Metal refineries.
(ix) ingredients in animal health Products, amongst others.
Our products are manufactured in accordance with industry standards like IP, BP, EP, JP, USP,FCC, LR, AR, GR and ACS in addition to custom manufacturing specifications, which differ from the industry standards, required by our customers in select cases.
We manufacture High Purity Speciality Fine Chemicals of various grades in particle sizes ranging from 10 mesh to 100 mesh.
We believe that our focus on product development, diversity in product offerings, meeting quality standards and customer specifications and continuous
process improvement has led to repeat orders from our customers over the years.
Our range of more than 185 products spanning across the family of phosphate, sulphate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, among others are supplied to customers in India and more than 20 countries globally.
20 Countries including United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, United Kingdom, Belgium, United Arab Emirates, China, among others.
Kronox Lab Sciences IPO Date & Price Band Details
| IPO Open Date | 3 June 2024 |
|---|---|
| IPO Close Date | 5 June 2024 |
| IPO Size | 9,600,000 shares (Rs. 130.56 Cr) |
| Offer For Sale | 9,600,000 shares (Rs. 130.56 Cr) |
| Lot Size | 110 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹129 - ₹136 Per Every Share |
| IPO Listing On | Mainline |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Kronox Lab Sciences IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 110 | ₹14,960 |
| Retail Maximum | 13 | 1,430 | ₹1,94,480 |
| S-HNI Minimum | 14 | 1,540 | ₹2,09,440 |
| S-HNI Maximum | 66 | 7,260 | ₹9,87,360 |
| B-HNI Minimum | 67 | 7,370 | ₹10,02,320 |
Kronox Lab Sciences IPO Allotment & Listing Date (Details)
| IPO Open Date | 3 June 2024 |
|---|---|
| IPO Close Date | 5 June 2024 |
| Basis of Allotment | 6 June 2024 |
| Refunds | 7 June 2024 |
| Credit to Demat Account | 7 June 2024 |
| IPO Listing Date | 10 June 2024 |
Kronox Lab Sciences Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹67.69 | ₹48.23 | ₹15.57 |
| 2023 | ₹95.58 | ₹75.17 | ₹16.62 |
| 2022 | ₹82.25 | ₹64.99 | ₹13.63 |
| 2021 | ₹62.46 | ₹50.02 | ₹9.73 |
Object Of the Issue
- Funding working capital requirements of our Company.
- General corporate purposes.
Oue Company Promoter
- Jogindersingh Jaswal
- Ketan Ramani
- Pritesh Raman
Kronox Lab Sciences Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Kronox Lab Sciences Limited | 10.00 | 4.30 | [.] | 37.19 | 12.04 | 974.98 |
| Peer Group | ||||||
| Tatva Chintan Pharma Chem Limited | 10.00 | 19.45 | 69.94 | 8.84 | 220.07 | 4,293.56 |
| Tanfac Industries Limited | 10.00 | 56.27 | 38.55 | 30.46 | 184.74 | 3,828.70 |
| Neogen Chemicals Limited | 10.00 | 18.94 | 75.61 | 10.36 | 182.90 | 6,906.30 |
| Sigachi Industries Limited | 1.00 | 1.42 | 56.22 | 16.22 | 8.73 | 3,087.17 |
| DMCC Speciality Chemical Limited | 10.00 | 2.78 | 114.09 | 3.50 | 79.49 | 3,895.88 |
Comparison of Accounting Ratios with listed Industry Peer
- Kronox Lab Sciences Limited
- Tatva Chintan Pharma Chem Limited
- Tanfac Industries Limited
- Neogen Chemicals Limited
- Sigachi Industries Limited
- DMCC Speciality Chemical Limited
Qualitative Factors
- 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 Contact Details
Block No. 353, Village Ekalbara,
Vadodara 391 440,
Gujarat, India
Tel +91 26 622 44 077
E-mail: cs@kronoxlabsciences.com
Website: www.kronoxlabsciences.com
Kronox Lab Sciences IPO Registrar
KFin Technologies Limited
Selenium Tower B, Plot No. 31-32,
Gachibowli Financial District, Nanakramguda,
Serilingampally, Hyderabad 500 032,
Telangana, India
Telephone:+91 40 6716 2222
Email:klsl.ipo@kfintech.com
Investor grievance email:einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M.Murali Krishna
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