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Kronox Lab Sciences Limited
Issue Size (Net)
up to Rs.130.15 Cr
Price Band
Rs.129 to Rs.136 per share
Issue Opens
June 3, 2024
Issue Closes
June 5, 2024

Company Highlights

1.Company Information

Incorporated in 2008, Kronox Lab Sciences Limited is a manufacturer of high-purity speciality fine chemicals for diverse end-user industries. The company's High Purity Specialty Fine Chemicals are used in various applications such as manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products.
The company offers a wide range of over 185 products, including phosphate, sulphate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and others. These products are supplied to customers in India and more than 20 countries worldwide.
The company exports its products to countries such as United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, United Kingdom, Belgium, United Arab Emirates, China, among others.
The company has three manufacturing facilities in Vadodara, Gujarat, close to the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. The facilities cover 17,454 sq. m. and have an installed capacity of 7,242 TPA as of December 31, 2023. Unit I/II holds FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Additionally, some products manufactured at Unit I have obtained Kosher, Halal, GMP, and GLP certifications.

2. Objects of the Issue
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1. Carry out the Offer for Sale of up to 95,70,000 Equity Shares by the Promoter Selling Shareholders
2.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.
3.Kronox Lab Sciences IPO Registrar
Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: klsl.ipo@kfintech.com

Website:https://kosmic.kfintech.com/ipostatus/

Kronox Lab Sciences Limited Financial Information (Restated)

Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Dec-23
66.96
68.44
15.47
60.28
15.56
31-Mar-23
54.03
97.5
16.62
44.68
7.58
31-Mar-22
56.79
83.34
13.63
40.35
40.11
0.64
31-Mar-21
37.65
63.24
9.73
26.81
26.57
0.01
Amount in Rs. Crore

Kronox Lab Sciences IPO Details

Issue Opening Date
June 3, 2024
Issue Closing Date
June 5, 2024
Face Value
Rs.10 per share
Price
Rs.129 to Rs.136 per share
Lot Size
110 Shares
Issue Size
9,570,000 shares(aggregating up to Rs.130.15 Cr)
Offer for Sale
9,570,000 shares of Rs.10(aggregating up to Rs.130.15 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Kronox Lab Sciences IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Monday, June 3, 2024
Closing Date
Wednesday, June 5, 2024
Basis of Allotment
Thursday, June 6, 2024
Initiation of Refunds
Friday, June 7, 2024
Credit of Shares to Demat
Friday, June 7, 2024
Listing Date
Monday, June 10, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 5, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
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