Kronox Lab Sciences IPO has launched today. The preparations are going well from the company’s side. Along with that, the company has also taken the funds of Rs. 39.04 Crores from the anchors. Thus, it is a good decision for the company. All the investors are waiting for the release of its IPO eagerly. The company deals in the production of fine chemicals from different sectors. Kronox Lab Sciences will have all the offer-for-sale issues. Thus, let us explore more about this awaited IPO.

Kronox Lab Sciences IPO Open Today Know Details Here

Kronox Lab Sciences IPO Details

Kronox Lab Sciences is going to open its IPO on 3 June 2024 Monday. It will close the IPO on 5 June 2024, Wednesday. The company has already funded Rs. 39.04 Crore from anchor investors before the subscription opens to the public. It involves major investors like Negan Undiscovered Value Fund, Chanakya Opportunities Fund I, Minerva Emerging Opportunities Fund Ltd., Moneywise Financial Services Ltd., Capri Global Capital, and VPK Global Ventures Fund.

Kronox Lab Sciences IPO will open at the face value of Rs. 10 per share with a price band between Rs. 129 to Rs. 136 per share. The Lot Size of the company will be 110 shares. Kronox Lab Sciences IPO will be purely dependent on the Offer for Sale. 9,570,000 shares will constitute the total IPO shares. Listing on both BSE and NSE, the company will have QIB Shares of not more than 50%, Retail shares of around 35%, and the NII of around 15%.

Kronox Lab Sciences is now planning to expand its production in Gujarat. The company will be using the majority of funds for the expansion purpose. Kronox Lab Sciences already has its work set up in Gujarat. There are research development and testing labs at the place. Apart from that, the company has now taken more land in Dahej, Gujarat where the expansion will carry on. Kronox exports several products to developed economies like the US, the UK, and Mexico that contribute to its profits as well.

Kronox Lab Sciences GMP value is also available. The company has a GMP of Rs. 80. Kronox Lab Sciences is having an OFS of Rs. 95.7 Lakh Equity shares. The company will have its promoters including Joginder Singh Jaswal, Ketan Ramani, and Pritesh Ramani. The company has good financials. Kronox Lab Sciences has assets worth Rs. 66.96 Crores as of Dec 2023. Apart from that, the company has a revenue of Rs. 68.44 Crores with a PAT (Profit After Tax) of Rs. 15.47 Crores. It expects to be profitable for the upcoming year as well.

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