Kronox Lab Sciences Ltd

Kronox Lab Sciences Limited manufactures High Purity Speciality Fine Chemicals for diversified end user industries. Its High 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. Its products are manufactured in accordance with 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 its customers in select cases. The Company manufactures High Purity Speciality Fine Chemicals of various grades in particle sizes ranging from 10 mesh to 100 mesh. The Company believes that its focus on product development, diversity in product offerings, meeting quality standards and customer specifications and continuous process improvement has led to repeat orders from its customers over the years.

Open Demat Account

50years

Kronox Lab Sciences Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
95.7 L95.7 L33.5 L370.94 LBSE₹ 130.15 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
03 Jun, 2405 Jun, 24110 ₹ 14,190 Book Building10 Jun, 24

Kronox Lab Sciences Ltd IPO Details

Kronox Lab Sciences Ltd IPO Dates

  • 03 Jun 2024

    Opening date

  • 05 Jun 2024

    Closing date

  • 06 Jun 2024

    Basis of
    Allotment

  • 07 Jun 2024

    Initiation of
    Refunds

  • 07 Jun 2024

    Credit of
    Shares

  • 10 Jun 2024

    Listing date

Details

SectorType
SectorChemicals
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB89.03x
NII302.99x
Retail55.72x
Employee0x
Total118.22x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Kronox Lab Sciences Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations23.8220.3815.20
EBITDA25.3222.4117.18
PAT16.6213.639.73
Total Assets34.5244.4926.46
Share Capital37.100.240.24
Total Borrowings3.248.543.48
Operating Activities (Net Cash)18.1215.6611.71
Investing Activities (Net Cash)0.030.03-0.37
Financing Activities (Net Cash)3.248.543.48
Net Cashflow3.562.812.05

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Kronox Lab Sciences Ltd

Kronox Lab Sciences Limited was incorporated on November 18, 2008 as `Kronox Lab Sciences Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 18, 2008 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its shareholders at an extra-ordinary general meeting held on May 25, 2019 and a fresh certificate of incorporation dated June 11, 2019 was issued by the Registrar of Companies, Ahmedabad consequent upon conversion, recording the change in the name of the Company to `Kronox Lab Sciences Limited'.

The chemical industry is an integral element of the global economy and plays a critical role in nearly every facet of modern life serving numerous sectors such as agriculture, construction, automotive, FMCG, consumer durables, electronics, healthcare, etc. The global chemical industry is continually evolving through technological advancements, market dynamics, and sustainability initiatives. The size of the Indian chemicals industry, excluding pharmaceuticals, in terms of the value of output in the year FY22 was around Rs. 9.10 lakh crores and 8.4% of the value of the output of the manufacturing sector at constant prices as against 7.9% in FY18. The chemical and chemical products except pharmaceuticals has registered a CAGR of 8.8% from FY18 to FY22. Furthermore, as per the Government of India's Department of Chemicals and Petrochemicals, India ranks 11th in the world exports of chemicals (excluding pharmaceutical products) and 6th in the world imports of chemicals (excluding pharmaceutical products).

Peer Comparison:

  • No Listed Industry Peers

Kronox Lab Sciences Ltd IPO Key Points

Strengths

  • Wide range of products finding applications in diversified end user industries.
  • Long standing relationships with customers.
  • High entry and exit barriers due to long customer approval cycles and strict product standards.
  • Focus on R&D and Quality Control.
  • Zero debt company with strong and consistent financial performance.

Risk

  • The company's products are required to meet domestic and international industry standards. In the event of any deviation from these standards, its products may faces rejection from its customers, which may affect the reputation of the Company.
  • If the company fails to execute its strategy to expand its business or the company's production capacity, its business and prospects may be materially and adversely affected.
  • Its products are supplied in limited quantities for specific use by application industries. Any reduction in the requirement of its products may result in loss of business and may affect its financial performance and condition.

Strategy

  • Expand its product portfolio, increasing the supply of its products to its existing customers and tap new customers in existing and new geographies.
  • Expand its capacity for existing products and diversifying into new products by setting up a new manufacturing facility.
  • Explore newer applications for its existing products and developing new products that are in synergy with its current and future operations.
  • Focus on import substitution and increasing exports.
  • Improve cost management and operational efficiencies.

Kronox Lab Sciences Ltd IPO Key Points

  • Wide range of products finding applications in diversified end user industries.
  • Long standing relationships with customers.
  • High entry and exit barriers due to long customer approval cycles and strict product standards.
  • Focus on R&D and Quality Control.
  • Zero debt company with strong and consistent financial performance.

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Get your FAQs right

Kronox Lab Sciences Ltd's IPO offers shares for up to ₹ TBA It begins on Jun 3, 2024 and ends on Jun 5, 2024.

The price of Kronox Lab Sciences Ltd IPO ranges between ₹129 to ₹136 per share.

The Kronox Lab Sciences Ltd IPO opens on Jun 3, 2024 and closes on Jun 5, 2024.

The allotment for the Kronox Lab Sciences Ltd IPO will be finalised on Jun 6, 2024. The shares will be listed on BSE and NSE on Jun 10, 2024.

The minimum lot size for Kronox Lab Sciences Ltd IPO is 110 shares, priced between ₹129 to ₹136 per share.

The GMP (Grey Market Premium) of Kronox Lab Sciences Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Kronox Lab Sciences Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Kronox Lab Sciences Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 3, 2024, and closes on Jun 5, 2024. The allotment is finalised on Jun 6, 2024.

To apply for the Kronox Lab Sciences Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.