Kronox Lab Sciences Limited

Company Profile
Company Name Kronox Lab Sciences Limited
Open Date 03-06-2024
Close Date 05-06-2024
Exchange BSE, NSE
Lot Size 110 Shares
Issue Price ₹129 to ₹136 per share
Issue Size 95,70,000 shares
Application Amount Min. Inv. - ₹14,960 (110 shares) Max. Inv. – ₹1,94,480 (1,430 shares)
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply

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 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. As of December 31, 2023, the company is conducting research and development on 122 products. The Company employed 212 people at various levels as of December 31, 2023 on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 37.64 56.78 54.03 66.95
Net Assets 26.81 40.35 44.67 60.28
Total Borrowings 0.01 0.64 - -
Total Revenue 63.23 83.34 97.49 68.43
Profit After Tax 9.73 13.62 16.61 15.46

Tentative Timeline

Opening Date 03/06/2024
Closing Date 05-06-2024
Basis of Allotment 06-06-2024
Initiation of Refunds 07-06-2024
Credit of Shares to Demat 07-06-2024
Listing Date 10-06-2024

Objects of the Issue

Carry out the Offer for Sale of up to 95,70,000 Shares by the Promoter Selling Shareholders.
Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Contact Information

Registered Office Kronox Lab Sciences Limited Block No. 353, Village Ekalbara, Padra, Vadodara-391440
Phone +91 26 6224 4077/88

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 74.21%

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