Kronox Lab Sciences IPO

Kronox Lab Sciences Limited, a leading manufacturer of high-purity specialty fine chemicals, is set to make a significant entry into the public market with its Initial Public Offering (IPO). Catering to a wide range of end-user industries, Kronox Lab Sciences has established itself as a trusted name in the specialty chemicals sector. The upcoming Kronox Lab Sciences IPO marks a pivotal moment in the company's journey, offering investors a unique opportunity to participate in its growth and innovation-driven future.

Kronox Lab IPO Details

Detail	Information
IPO Value	Rs. 130.15 crores
Total Shares Offered	0.96 crore shares
IPO Subscription Period	June 3, 2024, to June 5, 2024
Allotment Finalization Date	June 6, 2024
Listing Date	June 10, 2024
Exchanges	BSE, NSE
Price Band	Rs. 129 to Rs. 136 per share
Minimum Lot Size (Retail)	110 shares

Kronox Lab Sciences IPO is a book-built issue valued at Rs. 130.15 crores, with the entire offering comprising 0.96 crore shares. The subscription period for the IPO opens on June 3, 2024, and closes on June 5, 2024. The allotment is expected to be finalized on June 6, 2024, and the shares are set to list on the BSE and NSE on June 10, 2024. The price band for the IPO is Rs. 129 to Rs. 136 per share, with a minimum application lot size of 110 shares.

Pantomath Capital Advisors Pvt Ltd is the book-running lead manager, and Kfin Technologies Limited is the registrar.

Checkout the List of Upcoming IPO.

About the Kronox Lab Company

Incorporated in 2008, Kronox Lab Sciences Limited is a leading manufacturer of high-purity specialty fine chemicals catering to diverse end-user industries. Their extensive product portfolio includes over 185 items, such as phosphates, sulfates, acetates, chlorides, citrates, and nitrates.

These chemicals find applications in manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech, agrochemical formulations, personal care products, metal refineries, and animal health products.

The company serves customers in India and exports to over 20 countries, including the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, the United Kingdom, Belgium, the UAE, and China.

Kronox Lab Financial Highlights

Kronox Lab Sciences Limited has shown consistent financial growth over the years. As of December 31, 2023, the company reported assets of Rs. 66.96 crores, revenue of Rs. 68.44 crores, and a profit after tax of Rs. 15.47 crores. In the previous fiscal years, the revenue was Rs. 97.50 crores (2023), Rs. 83.34 crores (2022), and Rs. 63.24 crores (2021). The company had minimal borrowing, with none reported as of December 2023.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	66.96	54.03	56.79	37.65
Revenue	68.44	97.50	83.34	63.24
Profit After Tax	15.47	16.62	13.63	9.73
Net Worth	60.28	44.68	40.35	26.81
Reserves and Surplus	15.56	7.58	40.11	26.57
Total Borrowing	-	-	0.64	0.01

*All figures in crores

Kronox Lab Strengths & Weakness

Strengths	Weaknesses
Strengths	Weaknesses	Extensive product range with applications across diverse end-user industries	The majority of product sales are concentrated in the Pharmaceuticals and Scientific Research and Laboratory Testing industries
Established long-term customer relationships	Changes in demand or application processes in key industries could result in revenue and profit loss
Significant entry and exit barriers due to protracted customer approval cycles and stringent product standards	Failure to develop new High Purity Specialty Fine Chemicals may impact future growth and business prospects
Strong emphasis on Research & Development (R&D) and Quality Control	Reliance on third-party transportation and logistics providers

How to apply Kronox Lab Sciences IPO ?

Retail investors need to apply for the IPO using UPI

                     UPI
                     Link your bank account to a UPI ID.
Register your UPI id with your Demat account.
Subscribe Kronox Lab Sciences IPO and approve the payment on your UPI ID.

                  

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