Kronox Lab Sciences IPO Date, Review, Price, Allotment Details

Kronox Lab Sciences IPO Details: Kronox Lab Sciences IPO date is fixed, the IPO is to hit the market on June 3 and will close on June 5. Kronox Lab Sciences IPO to raise around ₹130.15 crores via IPO that comprises offer for sale up to 9,570,000 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Kronox Lab Sciences IPO

Table of Contents

Kronox Lab Sciences manufactures High Purity Speciality Fine Chemicals for diversified end-user industries. Their 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 by 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 have 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.

They have three (3) Manufacturing Facilities situated at Vadodara in Gujarat close to the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. Their Manufacturing Facilities are cumulatively spread across 17,454 sq. mtrs. and as of December 31, 2023, have an aggregate installed capacity of 7,242 TPA. Their Unit I/II hold certifications such as FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Further, they have also obtained certifications such as Kosher, Halal, GMP, and GLP for some of their products manufactured at Unit I. For further details, see “- Manufacturing Facilities Certifications” on page 190. Additionally, they have acquired land measuring to 20,471 sq. mtrs. at GIDC – Dahej II Industrial Estate.


Objects of the Issue

  • Carry out the Offer for Sale of up to 95,70,000 Equity Shares by the Promoter Selling Shareholders;
  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of the Equity Shares will enhance the visibility and brand image, provide liquidity to its existing Shareholders, and provide a public market for Equity Shares in India.

Kronox Lab Sciences IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • Swastika Investmart Ltd – Apply

Kronox Lab Sciences IPO Date & Price Band Details

IPO Open:June 3, 2024
IPO Close:June 5, 2024
IPO Size:Approx ₹130.15 Crores
Offer for Sale:Approx ₹9,570,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹129 to ₹136 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Kronox Lab Sciences IPO Market Lot

The Kronox Lab Sciences IPO minimum market lot is 110 shares with ₹14,960 application amount. The retail investors can apply up-to 13 lots with 1430 shares or ₹194,480 amount.

ApplicationLot SizeSharesAmount
Retail Minimum1110₹14,960
Retail Maximum131430₹194,480
S-HNI Minimum141540₹209,440
B-HNI Minimum677370₹1,002,320

Kronox Lab Sciences IPO Allotment & Listing Dates

The Kronox Lab Sciences IPO date is June 3 and the close date is June 5. The Kronox Lab Sciences IPO allotment will be finalized on  June 6 and the IPO listing on June 10.

IPO Open Date:June 3, 2024
IPO Close Date:June 5, 2024
Basis of Allotment:June 6, 2024
Refunds:June 7, 2024
Credit to Demat Account:June 7, 2024
IPO Listing Date:June 10, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Kronox Lab Sciences IPO Form

How to apply for the Kronox Lab Sciences IPO? You can apply for Kronox Lab Sciences IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Kronox Lab Sciences IPO in the Invest section. The other option is you can apply for Kronox Lab Sciences IPO via IPO forms downloaded via NSE and BSE. Check out the Kronox Lab Sciences forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Kronox Lab Sciences Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹63.24₹50.02₹9.73
2022₹83.34₹64.99₹13.63
2023₹97.50₹75.17₹16.62
Dec 2023₹68.44₹48.22₹15.47

Kronox Lab Sciences IPO Valuation – FY2023

Check Kronox Lab Sciences IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹4.30 per Equity Share
Price/Earning P/E Ratio:30.00
Return on Net Worth (RoNW):37.19%
Net Asset Value (NAV):₹12.04 per Equity Share

Peer Group

  • Tatva Chintan Pharma Chem Limited
  • Tanfac Industries Limited
  • Neogen Chemicals Limited
  • Sigachi Industries Limited
  • DMCC Speciality Chemical Limited

Company Promoters

  • Jogindersingh Jaswal
  • Ketan Ramani
  • Pritesh Ramani

Kronox Lab Sciences IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/

Kronox Lab Sciences IPO Allotment Status Check

Check Kronox Lab Sciences IPO allotment status on Kfin Technologies website allotment URL. Click Here

Kronox Lab Sciences IPO Lead Managers aka Merchant Bankers

  • Pantomath Capital Advisors Pvt Ltd

Company Address

Kronox Lab Sciences Limited
Block No. 353,
Village Ekalbara, Padra,
Vadodara-391440
Phone: +91 26 6224 4077/88
Email: [email protected]
Website: https://www.kronoxlabsciences.com/

Kronox Lab Sciences IPO FAQs

What is Kronox Lab Sciences IPO?

Kronox Lab Sciences IPO is a main-board IPO. They are going to raise ₹130.15 Crores via IPO. The issue is priced at ₹129 to ₹136 pr equity share. The IPO is to be listed on BSE & NSE.

When Kronox Lab Sciences IPO will open?

The IPO is to open on June 3, 2024 for QIB, NII, and Retail Investors.

What is Kronox Lab Sciences IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Kronox Lab Sciences IPO?

You can apply for Kronox Lab Sciences IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Kronox Lab Sciences IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Kronox Lab Sciences”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Kronox Lab Sciences IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Kronox Lab Sciences”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Kronox Lab Sciences IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Kronox Lab Sciences”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Kronox Lab Sciences IPO Size?

Kronox Lab Sciences IPO size is ₹130.15 crores.

What is Kronox Lab Sciences IPO Price Band?

Kronox Lab Sciences IPO Price Band is ₹129 to ₹136.

What is Kronox Lab Sciences IPO Minimum and Maximum Lot Size?

The minimum bid is 110 Shares with ₹14,960 amount while the maximum bid is 13 shares with ₹194,480.

What is the Kronox Lab Sciences IPO Allotment Date?

Kronox Lab Sciences IPO allotment date is June 6, 2024.

What is the Kronox Lab Sciences IPO Listing Date?

Kronox Lab Sciences IPO listing date is June 10, 2024. The IPO is to list on BSE and NSE.

Note: The Kronox Lab Sciences IPO price band and date are not officially announced yet. The IPO grey market premium (Kronox Lab Sciences IPO Premium) will be added to the IPO grey market page as it will start).

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