Kronox Lab Sciences IPO GMP Today: The initial public offering of Kronox Lab Sciences will open for subscription on Monday, June 3, 2024. The three subscription window of the Kronox Lab Sciences IPO will close on Wednesday, June 5, 2024.
According to several websites that track grey market activities, shares of Kronox Lab Sciences IPO are commanding a premium of 59 per cent – 60 per cent. This translates into a grey market premium of Rs 80- 82 at the upper end of the IPO price.
Kronox Lab Sciences IPO Price Band, Lot Size
The initial public offering of Kronox Lab Sciences is available at a price band of Rs 129- 136 per share. The company fixed the lot size for the IPO at 110 shares.
Kronox Lab Sciences IPO Details
From the public issue, Kronox Lab Sciences seeks to raise Rs 130.15 crore. Kronox Lab Sciences IPO comprises a fresh issue of 9,570,000 equity shares aggregating up to Rs 130.15 crore and an offer for sale of 9,570,000 shares aggregating up to Rs 130.15 crore.
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Investors can bid for a minimum of 110 shares and in multiples thereof. The minimum investment required by retail investors is Rs 14,960. Kronox Lab Sciences seeks achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of the Equity Shares will enhance the visibility and brand image, provide liquidity to its existing Shareholders, and provide a public market for Equity Shares in India.
Kronox Lab Sciences Allotment Date, Listing Date
The basis of allotment of Kronox Lab Sciences’ shares is expected to take place on Thursday, June 6, 2024, and the shares are likely to be credited to the demat account on Friday, June 7, 2024. The shares of Kronox Lab Sciences are scheduled to make their debut on the bourses on Monday, June 10, 2024.
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Kronox Lab Sciences Registrar Details
Kfin Technologies Limited is the registrar of the public issue of Kronox Lab Sciences, while the book running lead manager is Pantomath Capital Advisors Pvt Ltd.
About Kronox Lab Sciences
KRONOX Lab Sciences Ltd. is a bulk manufacturer of high purity fine chemicals, in compliance with Reagent, Pharmacopoeia and various Food Grade standards, for the pharmaceutical, nutraceutical, veterinary, food, chemical analysis and other specialty markets.
