Kronox Lab Sciences Limited IPO Opens On June 03. Check IPO Details Issue Date Price.


Kronox Lab Sciences Limited IPO Opens On June 03. Check IPO Details Issue Date Price.

June 03, 2024
Kronox Lab Sciences Limited IPO Opens On June 03. Check IPO Details Issue Date Price.

Kronox Lab Sciences Limited is coming out with a public issue to raise Rs 130.15 crores from the market.

Below are the details of the Kronox Lab Sciences Limited IPO:

  • Issue opens – June 03 (Monday)
  • Issue closes – June 05 (Wednesday)
  • Issue size – Rs 130.15 crores
  • Price band – Rs 129 to 136 per equity share
  • Bid lot – 110 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • Kronox Lab Sciences Limited 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; (vi) ingredients in agrochemical formulations; (vii) ingredients in personal care products; (viii) refining agents in metal refineries; and (ix) ingredients in animal health products, amongst others.
  • 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. In addition to the manufacturing of products in accordance with various domestic and international standards, they also undertake custom manufacturing to achieve high levels of purity, as specified by the client, having different purity levels than the prescribed industry standards.
  • They have set up an in-house research, development and testing laboratory (“RDT Laboratory”) to develop new products and test their products against the specified industry standards or customer specifications. Their dedicated RDT Laboratory is located in Unit I with the objective to implement a performance-oriented approach with the help of advanced equipment and systems. Their  RDT Laboratory is equipped with the necessary facilities to carry out tests required to develop the products. Their RDT team comprises of 16 science graduates and post-graduates who carry out various tests to ensure that the quality of their products meets customer requirements and established industry standards.

Issue Size: Rs. 130.15 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 65.08 crores
  • NIB – 15% of the offer – Rs 19.52 crores
  • RET – 35% of the offer – Rs 45.55 crores

Listing: BSE and NSE

Registrar: KFin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Wednesday, June 05, 2024

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