Kronox Lab Sciences Ltd. IPO

Kronox Lab Sciences Limited is a manufacturer of high-purity specialty chemicals used in various industries. Their products, ranging from pharmaceutical ingredients to personal care additives, meet strict quality standards and can be customized to client needs. They offer over 185 products and export to over 20 countries globally. Kronox Lab Sciences focuses on repeat business by delivering consistent quality and development of new products.

RHP
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DRHP
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Open Date

2024-06-03

Close Date

2024-06-05

IPO Details

Check out the issue details for Kronox Lab Sciences Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 136

Price Band

₹ 129 - 136

Issue Size

130.15 Cr.

Issue Type

Book Built

Open

2024-06-03

Close

2024-06-05

Listingprice

₹ 164.95

ListingGain

21.29%

Listing Date

2024-06-10

CMP

₹ 154.72

Current Return

13.76%

Company Financials

You can get the following financial statements of Kronox Lab Sciences Ltd. as of now.

Subscription Details

The details about the Kronox Lab Sciences Limited IPO is as:

  • The issue size of the IPO is 130.15 Cr.
  • The price band for Kronox Lab Sciences Limited IPO is Rs 129 to Rs 136.
  • The shares of Kronox Lab Sciences Limited IPO will list on 10th June 2024.
  • The latest tentative GMP of Kronox Lab Sciences Limited IPO is Rs 50.
  • The shares of Kronox Lab Sciences Limited IPO is subscribed 117.23 Times as of 5th June 2024. 

 

Kronox Lab Sciences Limited IPO Valuation

The approx valuation of Kronox Lab Sciences Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 136
Existing Shares (Qty) 3.71 Cr
Market Cap 504.56 Cr
EPS (FY23) Rs 4.30
PE Ratio 31.62x
Industry PE 67.50x

 

Kronox Lab Sciences Limited IPO Issue Size

Kronox Lab Sciences Limited IPO issue size is 130.15 Cr

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 130.15 Cr

 

Kronox Lab Sciences Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 110 shares and a maximum of 13 lots of 1430 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 110 14,960
 Maximum 13 1430 1,94,480

 

Kronox Lab Sciences Limited IPO share offer

The shares of Kronox Lab Sciences Limited IPO is subscribed 117.23 Times as of 5th June 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 89.03 Times
Non-Institutional Minimum 15% 301.90 Times
Retail Individual Minimum 35% 54.19 Times
Total   117.23 Times

 

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Allotment Details

Find below the dates for Kronox Lab Sciences Limited IPO:

Schedule Date
Basis of Allotment 6 June 2024
Refunds 7 June 2024
Credit to Demat Account 7 June 2024
IPO Listing Date 10 June 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 62.46 82.25 95.58
Total Expenditure 47.66 62.55 73.58
Operating Profit 14.8 19.7 22
Other Income 0.78 1.09 1.92
Interest 0.38 0.41 0.09
Depreciation 1.98 2.03 1.5
Exceptional Items 0 0 0
Profit Before Tax 13.22 18.36 22.33
Provision for Tax 3.49 4.73 5.71
Net Profit 9.73 13.63 16.62
Adjusted EPS (Rs.) 0.25 0.35 0.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.24 0.24 37.1
Total Reserves 26.57 40.11 7.58
Borrowings 0 0.47 0
Other N/C liabilities 2.65 1.87 0.15
Current liabilities 7.94 13.76 9.01
Total Liabilities 37.41 56.46 53.83
Assets
Net Block 9.19 11.3 15.91
Capital WIP 0.4 0 0
Intangible WIP 0 0 0
Investments 0.03 0.03 0.03
Loans & Advances 1.58 0.98 0.08
Other N/C Assets 0 0 3.5
Current Assets 26.22 44.16 34.32
Total Assets 37.41 56.46 53.83
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024
Other Income 0.83
Profit Before Tax 8.4
Tax 2.51
Profit After Tax 5.88
Adjusted EPS (Rs) 1.59

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 13.22 18.36 22.33
Adjustment 2.19 2.33 1.17
Changes in Assets & Liabilities -0.54 -6.88 1.97
Tax Paid -3.56 -4.79 -5.79
Operating Cash Flow 11.31 9.02 19.67
Investing Cash Flow -2.96 -7.6 -5.52
Financing Cash Flow -7.1 -0.67 -13.4
Net Cash Flow 1.26 0.76 0.75
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