IPO Details

Bidding Dates

03 Jun '24 - 05 Jun '24

Minimum Investment

₹14,960 / 1 Lot ( 110 Shares )

Price Range

₹129 - ₹136

Maximum Investment

₹1,94,480 / 13 Lot ( 1430 Shares )

Retail Discount

To be announced

Issue Size

₹130.15 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

Kronox Lab IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 3, 2024

IPO Closing Date

Jun 5, 2024

Basis of Allotment

Jun 6, 2024

Initiation of Refunds

Jun 7, 2024

Credit of Shares to Demat

Jun 7, 2024

IPO Listing Date

Jun 10, 2024

Cut-off time for UPI mandate confirmation

Jun 5, 2024

IPO Subscription Details


Day 1Jun 3, 2024

1.11x 20.02x 13.16x 11.19x

Day 2Jun 4, 2024

3.39x 52.96x 24.59x 24.61x

Day 3Jun 5, 2024

89.03x 301.91x 54.23x 117.25x

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 89.03
Non-Institutional Buyers 301.91
Retail Investors 54.23
Total 117.25

About Kronox Lab Sciences Limited

Kronox Lab Sciences Limited specialises in the manufacturing of High-Purity Specialty Fine Chemicals catering to diverse end-user industries. The company adheres to industry standards such as IP, BP, EP, JP, USP, FCC, LR, AR, GR, and ACS while also offering custom manufacturing specifications as per customer requirements.

With a product range exceeding 185 items, spanning across phosphate, sulfate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and more, Kronox Lab Sciences Limited supplies its products domestically in India and to over 20 countries worldwide.

They have established an in-house research, development, and testing laboratory (RDT Laboratory) located in Unit I. The laboratory aims to adopt a performance-oriented approach utilising advanced equipment and systems. Staffed with 16 science graduates and post-graduates, the RDT team conducts various tests to ensure product quality aligns with customer requirements and industry standards.

Kronox Lab Sciences Limited continuously expands its product range to meet evolving demands in end-user industries. Over recent periods, they have consistently manufactured and sold a substantial number of products, reflecting their commitment to product development and customer satisfaction.

Industry Outlook:

  1. Industrial production shows a promising recovery, growing 5.1% in FY23 and surpassing pre-pandemic levels by 2.0%, indicating a sustained but gradual economic rebound.
  2. Recent trends suggest consistent growth, with April and June 2023 witnessing increases of 4.2% and 5.3%, respectively, driven by improved economic activities and favourable conditions.

Kronox Lab IPO Details

Kronox Lab Sciences IPO Dates

Kronox Lab Sciences IPO is open from June 3, 2024, to June 5, 2024. The IPO will be listed on BSE and NSE.

Kronox Lab Sciences IPO Price Band

Kronox Lab Sciences is a book built issue IPO. The price band is set at ₹129 to ₹136 per share.

Kronox Lab Sciences IPO Lot Size

The lot size for Kronox Lab Sciences Limited’s IPO is 110 shares with a minimum investment of ₹14,960.

Kronox Lab Sciences IPO Objectives

The company will not receive any proceeds from the IPO. As it is an offer for sale IPO, the selling shareholders will receive the proceeds. The company plans to allocate some of the net proceeds from the issuance to cover offer expenses.

Peer Details

The companies considered by Kronox Lab Sciences as its peers include:

  1. Tatva Chintan Pharma Chem Limited
  2. Tanfac Industries Limited
  3. Neogen Chemicals Limited
  4. Sigachi Industries Limited
  5. DMCC Speciality Chemical Limited

How to Check the Allotment Status of the Kronox Lab Sciences Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the Individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Kronox Lab Sciences Limited

  • Registered office: Block No. 353, Village Ekalbara, Padra, Vadodara 391 440, Gujarat, India
  • Phone: +91 26 6224 4077/88
  • E-mail:cs@kronoxlabsciences.com

IPO Financials

Particulars For the nine Months Period Ended December 31, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue (in ₹ million ) 684.38 974.98 833.40 632.36
Profit After Tax (PAT) (in ₹ million) 154.69 166.17 136.27 97.30
Cash & Cash Equivalents (in ₹ million) 15.74 35.62 28.10 20.54
Net Worth (in ₹ million) 602.82 446.79 403.53 268.14
Debt to Equity Ratio(x) - - 0.02 -
Return on Equity (%) 25.66% 37.19% 33.77% 36.29%
Return on Capital Employed (RoCE) (%) 33.15% 49.86% 46.27% 51.78%
Earning Per Share (EPS)-in absolute ₹ 4.17 4.30 3.49 2.40

Know before investing


  1. Kronox Lab Sciences Limited offers a diverse product range of over 185 High Purity Speciality Fine Chemicals, consistently selling 156 to 188 products annually, indicating product demand.

  2. The company maintains strong customer retention, with 111 repeat clients representing 16.74% of total customers, demonstrating reliability and customer satisfaction over consecutive fiscal periods.

  3. Extensive R&D focus led by a Chairman with over 30 years of experience, supported by 16 specialised personnel in their RDT Laboratory, underpins innovation and high-quality product development.


  1. Kronox Lab Sciences faces risks if their products deviate from prescribed standards like IP, BP, EP, JP, USP, potentially leading to customer rejection and harming their reputation.

  2. The company's growth strategy relies on a new manufacturing facility; failure to execute this could affect their business prospects and financial stability.

  3. With top 20 products generating over 60% of revenue, a demand drop in these could significantly impact Kronox's financial results and cash flow stability.

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Kronox Lab Sciences IPO FAQs

What is Kronox Lab Sciences IPO?

Kronox Lab Sciences Limited IPO is a book-built IPO. The IPO will be open from June 3, 2024, to June 5, 2024.

When will Kronox Lab Sciences IPO be allotted?

The Basis of Allotment will happen on Thursday, June 6, 2024.

When will Kronox Lab Sciences Ltd's IPO open for subscription?

The IPO subscription window will open on June 3, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for Kronox Lab Sciences Limited’s IPO is 110 shares with a minimum investment of ₹14,960.

When will Kronox Lab Sciences Ltd list on exchanges?

The listing date for Kronox Lab Sciences is Monday, June 10, 2024.

What would be the listing gains on the Kronox Lab Sciences Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Kronox Lab Sciences Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Kronox Lab Sciences Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approve the payment mandate.

Can I submit more than one application for the public issue of Kronox Lab Sciences Ltd using one PAN?

You can submit only one application using your PAN card.