Home  »  Ipo Review  »  Kronox Lab Sciences Ipo

Let’s have a detailed review of the company and analytics of the Kronox Lab Sciences IPO release date, IPO offer price, subscription, Kronox Lab Sciences Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 129 to Rs 136
Listing At BSE, NSE
Min. Order Quantity 110 Shares
Listing Date June 10, 2024
Offer for Sale Rs 130.15 Crore
Fresh Issue Rs Crore
IPO Size Rs 130.15 Crore
Tick Size 1

Kronox Lab Sciences IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Kronox Lab Sciences Share Price

Kronox Lab Sciences IPO – Summary

Kronox Lab Sciences IPOThey manufacture High Purity Speciality Fine Chemicals for diversified end-user industries.

Their High Purity Speciality Fine Chemicals are used mainly as (i) reacting agents and raw material 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.

The promoters of this company is JOGINDERSINGH JASWAL, KETAN RAMANI AND PRITESH RAMANI. The lead manager of the issue is Pantomath Capital Advisors Private Limited, and the Registrar of this issue is KFin Technologies Limited.

Kronox Lab Sciences IPO Date

The opening and closing dates of Kronox Lab Sciences IPO are June 3, 2024 and June 5, 2024, respectively.

Kronox Lab Sciences IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 3rd Jun 0.44x 20.11x 13.35x 7.91x
2nd Day – 4th Jun  3.39x 53.10x 24.89x 24.80x
3rd Day – 5th Jun 89.03 301.92 54.24 117.25
Shares Offered or Net Issue 4,785,000 1,435,500 3,349,500 9,570,000

The shares subscribed by the public will be updated here.

Kronox Lab Sciences IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Kronox Lab Sciences Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization June 6, 2024
Refunds Initiation June 7, 2024
Credit of Shares to Demat Account June 7, 2024
Share Listing Date June 10, 2024

Kronox Lab Sciences IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 129 to Rs 136 

Kronox Lab Sciences IPO Equity Size

This Initial Public Issue of 9,570,000 Equity Shares of Rs.10 each for cash at a price of Rs 129 to Rs 136 per equity share aggregating to Rs.130.15 Crore.

Kronox Lab Sciences IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 9,570,000 Equity Shares of Rs.10/ each.

Issue Size: 9,570,000 Equity Shares of Rs.10 each, aggregating to Rs.130.15 Crore

Open Free Demat Account Now!

    Fill Your Details Here
    1. Open Demat AccountInvest in IPO

    Kronox Lab Sciences IPO – Live Performance

    The listing date of this IPO is June 10, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Kronox Lab Sciences Share Price

    Kronox Lab Sciences IPO Grey Market Premium

    The Kronox Lab Sciences Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Kronox Lab Sciences IPO – Company Overview

    Their 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 their customers in select cases.

    They manufacture High Purity Speciality Fine chemicals of various grades in particle sizes ranging from 10 mesh to 100 mesh. They believe that their focus on product development, diversity in product offerings, meeting quality standards and customer specifications and continuous process improvement has led to repeat orders from their customers over the years.

    Their 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.

    Kronox Lab Sciences IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Dec-23 31-Dec-22 Mar-23 31-Mar-22 31-Mar-21
    Total Assets
    *Total Revenue
    Total Expense
    Profit After Tax

    Earnings per Equity Share (in Million)

    31-Dec-23 31-Dec-22 Mar-23 31-Mar-22 31-Mar-21
    Basic & Diluted

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 166.17 Million, Rs. 136.27 Million and Rs. 97.30 Million respectively.

    Kronox Lab Sciences IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Jogindersingh Jaswal, Chairman and Managing Director
    • Ketan Ramani, Whole-time Director
    • Pritesh Ramani, Whole-time Director
    • Satish Kumar, Independent Director
    • Krutika Negandhi, Independent Director

    Kronox Lab Sciences IPO – Promoters Holding

    • Pre-Issue Share Holding – 99.98%
    • Post-Issue Share Holding – 74.21%

    Kronox Lab Sciences IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 9,570,000 Equity Shares aggregating up to Rs.130.15 Crore
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than 33,49,500 Equity Shares
    Other than Retail Individual Investors Not more than 14,35,500 Equity Shares
     Equity Shares outstanding prior to the Issue 3,71,04,000 Equity Shares
     Equity Shares outstanding after the Issue 3,71,04,000 Equity Shares

    Kronox Lab Sciences IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • To carry out the Offer for Sale of up to 95,70,000 Equity Shares aggregating up to ₹ [●] million by the Promoter Selling Shareholders; and
    • To achieve the benefits of listing the Equity Shares on the Stock Exchanges

    Kronox Lab Sciences IPO – Business Strategy

    • Expand their product portfolio, increasing the supply of their products to their existing customers
    • Expand their capacity for existing products and diversify into new products
    • Explore newer applications for their existing products and develop new products that are in synergy with their current and future operations

    Kronox Lab Sciences IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Wide range of products finding applications in diversified end-user industries
    • Long-standing relationship 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

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 4.30 37.19
    31-Mar-22 3.49
    Mar-21 2.40

    Kronox Lab Sciences IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Millions)
    Kronox Lab Sciences Limited 10 [●] 4.30
    Listed Peers
    Tatva Chintan Pharma Chem Limited 10
    Tanfac Industries Limited 10

    Kronox Lab Sciences IPO Lead Managers

    Lead Managers
    Pantomath Capital Advisors Private Limited
    Pantomath Nucleus House, Saki Vihar Road,
    Andheri East, Mumbai -400072
    Maharashtra, India
    Tel: 1800 889 8711E-mail:kronox.ipo@pantomathgroup.com
    Website: www.pantomathgroup.com
    Investor grievance e-mail: investors@pantomathgroup.com
    Contact Person: Kaushal Patwa
    SEBI Registration No.: INM000012110

    Kronox Lab Sciences IPO Registrar to offer

    Registrar to the Offer
    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/ 1800 309 4001
    Investor grievance email:einward.ris@kfintech.com
    Contact Person: M Murali Krishna
    SEBI Registration No.:INR000000221

    Kronox Lab Sciences IPO – Other Details

    • Statutory Auditor – Mahesh Udhwani & Associates, Chartered Accountants
    • Legal Counsel to the Company – Desai & Diwanji
    • Bankers to the Company – HDFC Bank Limited and Bank of India

    Kronox Lab Sciences IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


    Subscribe to Kronox Lab Sciences IPO

      Fill Your Details Here
      1. Open Demat AccountInvest in IPO

      Kronox Lab Sciences Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Kronox Lab Sciences IPO Review FAQs

      Check out various FAQs related to Kronox Lab Sciences IPO:

      What is the Issue Size of Kronox Lab Sciences IPO?

      The Company is making an initial public offer of 9,570,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Kronox Lab Sciences IPO?

      The price band for this particular IPO ranges between Rs 129 to Rs 136. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Kronox Lab Sciences IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on June 3, 2024, while the closing date is set at June 5, 2024.

      What is the Kronox Lab Sciences IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on June 6, 2024, refund initiation is on June 7, 2024, credit of shares is on June 7, 2024, and share listing date is on June 10, 2024.

      What is the Kronox Lab IPO Listing Date?

      Shares of this company shall be listed in the exchanges on June 10, 2024. The date, when the listing would be done, is stagnant on June 10, 2024.

      Who is the Registrar of Kronox Lab IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Kronox Lab IPO?

      Here are the promoters of this IPO – JOGINDERSINGH JASWAL, KETAN RAMANI AND PRITESH RAMANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Kronox Lab IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.

      Is Kronox Lab IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Kronox Lab Sciences Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 166.17, 2022 is 136.27, and 2021 is 97.30. PAT from Dec 2023 is 154.69.

      Calculate your return on investment!

      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
      Real Estate
      Fixed Deposit
      Mutual Fund

      Featured Topics


      Get 100% IPO Allotment Guarantee! Subscribe to IPO