The initial public offering (IPO) of Kronox Lab Sciences will begin for subscription on Monday, June 3. The notify closes on June 5. Thru the final public provide, the corporate plans to take around Rs 130 crore. Listed below are 10 things to know about the Kronox Lab Sciences IPO sooner than subscribing to the notify.
The corporate manufactures excessive-purity specialty ravishing chemical substances for diverse end-person industries. Its fluctuate of better than 185 products spanning at some level of the family of phosphate, sulfate, acetate, chloride, and citrate, among others, are equipped to customers in India and over 20 international locations globally.
The dimensions of the Indian chemical substances industry, with the exception of pharmaceuticals, by methodology of the charge of output within the twelve months FY22 became around Rs 9.10 lakh crores and eight.4% of the charge of the output of the manufacturing sector at constant prices as against 7.9% in FY18. The chemical and chemical products moreover pharmaceuticals registered a CAGR of 8.8% from FY18 to FY22.
The IPO is entirely an provide for sale of as much as 97.5 lakh shares and not utilizing a recent notify ingredient.
The corporate has mounted a label band of Rs 129-136 per share for its maiden public provide. At the upper end, the corporate plans to take Rs 130 crore.
About 50% of the provide is reserved for qualified institutional merchants, 15% for non-institutional investors, and the relaxation 35% for retail investors.
Within the 9 months ending December 2023, the corporate's income from operations fell 9% to Rs 67.6 crore, while accumulate profit after tax increased 10% to Rs 15.4 crore.
For the reason that IPO is fully an OFS, the entire proceeds will stride to the selling shareholders.
According to market analysts, the new GMP of Kronox Lab Sciences is Rs 80 within the unlisted market.
Pantomath Capital is sole the guide-running lead supervisor for the IPO and Kfin Applied sciences is the registrar.
The share share can be finalised on June 6 and the estimated itemizing date is June 10.
