#NSE0095– Kronox Lab Sciences Ltd.
Kronox Lab Sciences Limited , established in 2008, specializes in the production of high-purity specialty fine chemicals. These chemicals cater to a wide array of industries, including:
- Manufacturing APIs (Active Pharmaceutical Ingredients)
- Pharmaceutical formulations
- Scientific research
- Nutraceuticals
- Biotech applications
- Agrochemical formulations
- Personal care products
- Metal refineries
- Animal health products
The company’s products are not only distributed within India but also exported to over 20 countries worldwide. Kronox Lab Sciences is actively engaged in research and development, working on 122 products. Over the past three years, the company has served 600 customers, with 141 of these customers placing repeat orders by December 31, 2023. This indicates a strong customer retention rate and satisfaction with the quality and reliability of the products offered.
IPO Details
- Issue Size: Rs 130.15 crores, entirely an offer for sale of 0.96 crore shares.
- Subscription Dates: June 3, 2024, to June 5, 2024.
- Allotment Date: June 6, 2024.
- Listing Date: June 10, 2024.
- Exchanges: BSE and NSE.
- Price Band: ₹129 to ₹136 per share.
- Minimum Lot Size for Retail Investors: 110 shares.
- Minimum Investment for Retail Investors: ₹14,960.
- Minimum Lot Size Investment for sNII: 14 lots (1,540 shares), ₹209,440.
- Minimum Lot Size Investment for bNII: 67 lots (7,370 shares), ₹1,002,320.
Retail investors can participate by purchasing a minimum of 110 shares, requiring an investment of ₹14,960 at the upper end of the price band. For larger investors, the requirements scale up significantly. The IPO aims to raise substantial funds, reflecting strong interest and potentially positive market performance.
Disclaimer-
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