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Kronox Lab Sciences Limited

  • Minimum Investment
    ₹14,190
  • Price Range
    ₹129 - ₹136
  • Issue Size
    ₹130.15 Cr
  • Lot Size
    110 shares

Proceeds of this IPO to be used for

To carry out the offer for sale of up to 95,70,000 equity shares by the promoter selling shareholders

To achieve the benefits of listing the equity shares on the stock exchanges

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Kronox Lab Sciences Limited

Wide range of products

The company manufactures a broad range of high-purity specialty fine chemicals belonging to the family of citrates, carbonates, phosphates, acetates, sulfates, EDTA derivatives, chlorides, hydroxides, bromides, nitrites, and nitrates

Long standing relationships

The company has served more than 592 customers in the last three financial years and during the nine-month period ended December 31, 2023, of which 141 customers, amounting to 23.8% of total customers, placed repeat orders

High entry and exit barriers

The company manufactures and markets high-purity specialty fine chemicals, which involve multi-step production and purification processes, and the products are measured against established domestic and international standards and stringent specifications of customers

Zero debt company

The company has a track record of operations of over a decade and has a robust balance sheet and cash flow position. Its positive operating cash flows, coupled with a zero-debt position, enable it to fund strategic initiatives, pursue opportunities for growth, and better manage unanticipated cash flow variations

Dependent on few customers

The company's top 20 products contributed 60.5% and 70.6% of the revenue for 9MFY24 and FY23, respectively. Any change in demand for these products from one of those customers could significantly affect the revenues

Dependent on few pharma industry

The majority of sales of the company's products are concentrated in industries such as pharmaceuticals and laboratory testing. Any change in demand or changes in application or processes by the customers in these industries may lead to a loss of revenues and profits

Relatively small company

The size of the company is relatively small in terms of revenue from operations when compared with other industry players and listed peers. Furthermore, it has a negligible market share in the chemical industry

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
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Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About Kronox Lab Sciences Limited

Kronox Lab Sciences was incorporated on November 18, 2008. The company manufactures high-purity specialty fine chemicals for diversified end-user industries. Its chemicals are used mainly as reacting agents and raw materials in the manufacturing of Active Pharmaceutical Ingredients (APIs); excipients in pharmaceutical formulations; reagents for scientific research and laboratory testing; ingredients in nutraceutical formulations; process intermediates and fermenting agents in biotech applications; ingredients in agrochemical formulations; ingredients in personal care products; refining agents in metal refineries; and ingredients in animal health products, among others.
  • Promoter
    Jogindersingh Jaswal
  • Promoter
    Ketan Ramani
  • Promoter
    Pritesh Ramani

Kronox Lab Sciences Limited IPO FAQs

What is Kronox Lab Sciences Limited IPO?

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Kronox Lab Sciences Limited IPO refers to the initial public offering of shares by Kronox Lab Sciences Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Kronox Lab Sciences Limited IPO?

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For Kronox Lab Sciences Limited IPO the issue size is ₹130 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Kronox Lab Sciences Limited IPO?

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For Kronox Lab Sciences Limited IPO the minimum investment is ₹14,190. The minimum investment for Kronox Lab Sciences Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Kronox Lab Sciences Limited IPO?

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For Kronox Lab Sciences Limited IPO the lot size is 110 shares. The lot size of Kronox Lab Sciences Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Kronox Lab Sciences Limited IPO on Share.Market?

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To apply for Kronox Lab Sciences Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Kronox Lab Sciences Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Kronox Lab Sciences Limited IPO?

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Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Kronox Lab Sciences Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

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The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

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You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Kronox Lab Sciences Limited IPO?

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For Kronox Lab Sciences Limited IPO the allotment date is June 6, 2024. The allotment date of Kronox Lab Sciences Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Kronox Lab Sciences Limited IPO?

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For Kronox Lab Sciences Limited IPO, the subscription opens on June 3, 2024 and closes on June 5, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
117.18x Oversubscribed
Trade
Bidding Ongoing
-
Total Subscription
117.18x Oversubscribed
Trade