All you need to know about Kronox Lab Sciences IPO

Kronox Lab Sciences Limited is a manufacturer of high-purity specialty 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’s IPO is about to launch next week.

About The Issue:

Kronox Lab Sciences IPO is set to open for subscription from 3rd June to 5th June at a price band of Rs.129-Rs.136 per share. The lot size for one application is set at 110 shares. The total IPO issue size is around Rs.130 crores. The issue is entirely an offer for sale.

Pantomath Capital Advisors Pvt Ltd is the book-running lead manager of the Kronox Lab Sciences IPO, while Kfin Technologies Limited is the registrar for the issue.

The QIB, NII, and retail portion are set at 50%, 15%, and 35% of the issue size respectively.

Objectives of the Issue

The objectives of the Kronox Lab Sciences IPO are to carry out the sale of up to 95,70,000 equity shares by the promoter selling shareholders, allowing them to monetize their investments, and to achieve the benefits of listing the equity shares on the stock exchanges. The proposed listing is expected to enhance the company’s visibility and brand image, provide liquidity to its existing shareholders, and establish a public market for its equity shares in India.

Financial Performance

Conclusion

The company specializes in high-purity specialty fine chemicals for diverse industries and has increased Revenue and PAT. The Kronox Lab Sciences IPO, open from June 3 to June 5, 2024, aims to raise Rs 130.15 crores through the sale of 95,70,000 shares, The allotment for the IPO is expected to be finalized by June 6 and listing to take place on June 10, 2024. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.