Kronox Lab Sciences Ltd

Chemicals

Offer Period :

3rd to 6th Jun 2024

Kronox Lab Sciences, based in Gujarat, is a pharmaceutical company specializing in research, development, and manufacturing of healthcare products. With a focus on innovation and quality, it aims to address medical needs effectively. Read more... The company refiles IPO papers with SEBI, offering 96 lakh equity shares via offer-for-sale by promoters Jaswal, Ramani, and Ramani. Initial filing on November 24, 2023, included fresh issuance of shares worth Rs 45 crore alongside 78 lakh equity shares OFS.Read less

Kronox Lab Sciences Ltd IPO Details

IPO Date 3rd to 6th Jun 2024 Minimum Investment ₹14960 / 1 Lots
Listing Date 2024-06-10 Maximum Investment ₹194480 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹130.15 Crores
Price ₹136 to ₹136 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (110 Shares) Offer For Sale ₹ 130.15
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 3rd to 6th Jun 2024
Listing Date 2024-06-10
Face Value ₹10 per share
Price ₹136 to ₹136 per share
Lot Size 1 Lots (110 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14960 / 1 Lots
Maximum Investment ₹194480 / 13 Lots
Total Issue Size ₹130.15 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

3rd Jun

IPO Starts

5th Jun

IPO Ends

6th Jun

Allotment Date

7th Jun

Initiation of Refund

7th Jun

Credit of Shares to Demat Account

10th Jun

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.98 0
Public Group 0.02 100

Kronox Lab Sciences Ltd IPO Reservation

QIB Shares Offered 1914000(20%)
NII (HNI) Shares Offered 1435500(15%)
Retail Shares Offered 3349500(35%)
Anchor Investor Shares Offered 2871000(30%)
Total Shares Offered 9570000
Total Shares With Anchor Investor 9570000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Kronox Lab Sciences Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222/
Email Id klsl.ipo@kfintech.com
Our Website www.kfintech.com

Kronox Lab Sciences Ltd IPO Lead Manager

1. Pantomath Capital Advisors Pvt Ltd

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Kronox Lab Sciences Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 19,14,000 17,04,09,360 15,28,029.0
Non Institutional Investors (NIIs) 14,35,500 43,34,05,280 15,28,029.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 9,57,000 30,84,06,670 15,28,029.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 4,78,500 12,49,98,610 15,28,029.0
Retail Individual Investors (RIIs) 33,49,500 18,16,63,350 15,28,029.0
Total 66,99,000 78,54,77,990 15,28,029.0

Strength of Kronox Lab Sciences Ltd

1. Wide range of products finding applications in diversified end user industries.

2. Long standing relationships with customers.

3. High entry and exit barriers due to long customer approval cycles and strict product standards.

4. Focus on R&D and Quality Control.

5. Zero debt company with strong and consistent financial performance.

6. Strategically located manufacturing facilities providing supply chain efficiencies.

7. Experienced Promoters and Senior Management with extensive domain knowledge.

Risks Involved

1. The company's products are required to meet domestic and international industry standards. In the event of any deviation from these standards, its products may faces rejection from its customers, which may affect the reputation of the Company.

2. If the company fails to execute its strategy to expand its business or the company's production capacity, its business and prospects may be materially and adversely affected.

3. Its products are supplied in limited quantities for specific use by application industries. Any reduction in the requirement of its products may result in loss of business and may affect its financial performance and condition.

4. Its top 20 products contributed 60.49%, 70.58%, 68.62%, 69.85% and 70.04% of its revenue for the nine months period ended December 31, 2023, December 31, 2022 and the Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively. Any change in demand its products of those products could significantly affect its revenues.

5. The majority of sale of its products is concentrated in industries viz. Pharmaceuticals and Scientific Research and Laboratory Testing. Any change in demand or change in application or processes by its customers in these industries may lead to loss of revenues and profits.

6. Any failure in developing new High Purity Speciality Fine Chemicals may affect its future growth and business.

7. Its top 10 customers contributed 45.22%, 53.58%, 50.68%, 56.18% and 56.32% of its revenue for the nine months periods ended December 31, 2023, December 31, 2022 and the Fiscals 2023, 2022 and 2021 respectively. Further, the Company has not entered into any long-term agreements with its customers for purchasing our products. The company is subject to uncertainties in demand and there is no assurance that its customers will continue to purchase its products. This could impact the business and financial performance of the Company.

8. The average P/E ratio of its listed industry peers is 67.50 while P/E ratio of the Company is at premium of 31.63 times at the higher price band and 30.00 times at the lower price band.

9. The company is dependent on third party transportation and logistics service providers for delivery of its products to its customers as well as raw materials to its Manufacturing Facilities. Any delay in delivery of its products or raw materials or increase in the charges of these entities could adversely affect its business, results of operations and financial condition. The company also may be exposed to the risk of theft, accidents and/or loss of its products in transit.

10. The company had a high current ratio for nine months period ended on December 31, 2023 and Fiscals 2023, 2022 and 2021 and its cannot assure you that the company will be able to prudently manage its short term fund requirements and efficiently utilize its high cash reserves in business operations. Consequently, the company may not be able to maintain an optimum level of current ratio in the future.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Kronox Lab Sciences Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-06-10 544187 KRONOX
INE0ATZ01017
₹136 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹136 ₹136
Open ₹165 ₹164.95
Low ₹156.8 ₹156.7
High ₹165 ₹165.6
Low ₹156.8 ₹156.7

Frequently Asked Questions

What is Kronox Lab Sciences Ltd IPO?

Answer Field

Kronox Lab Sciences Ltd IPO is a Mainboard IPO of 95,70,000 equity shares of a face value of ₹10 aggregating up to ₹130.15 Crores. The issue is priced at ₹136 to ₹136 per share. The minimum order quantity is 110 Shares. The IPO opens on June 03, 2024, and closes on June 05, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Kronox Lab Sciences Ltd IPO will open?

Answer Field

The Kronox Lab Sciences Ltd IPO opens on June 03, 2024 and closes on June 05, 2024.

What is the lot size of Kronox Lab Sciences Ltd?

Answer Field

Kronox Lab Sciences Ltd lot size is 110 shares, and the minimum amount required is ₹14,960.

How to apply for Kronox Lab Sciences Ltd IPO?

Answer Field

You can apply in Kronox Lab Sciences Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Kronox Lab Sciences Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Kronox Lab Sciences Ltd IPO will be done on June 06, 2024, and the allotted shares will be credited to your demat account by June 07, 2024.

When is Kronox Lab Sciences Ltd IPO listing date?

Answer Field

The Kronox Lab Sciences Ltd listing date is June 10, 2024.

Who is the registrar of Kronox Lab Sciences Ltd IPO?

Answer Field

The registrar of Kronox Lab Sciences Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Pantomath Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Kronox Lab Sciences Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Kronox Lab Sciences Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 110 shares and ₹14,960 amount.

How can I approve the UPI mandate request for Kronox Lab Sciences Ltd IPO?

Answer Field

To apply for Kronox Lab Sciences Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Kronox Lab Sciences Ltd?

Answer Field

The price of each Kronox Lab Sciences Ltd share will be ranging in between ₹136 to ₹136 per share.

What is the cut-off time for the UPI mandate for Kronox Lab Sciences Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 05, 2024.

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