Business Standard

Kronox Lab Sciences Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

130.15 cr

Price Range (₹)

136

Lot Size

110

Min Investment (₹)

14,960.00

Listing Exchange

MumbaiNSE

Open Date

03-Jun-2024

Close Date

05-Jun-2024

Listing Date

10-Jun-2024

Kronox Lab Sciences Ltd News

    The Shares of Kronox Lab Sciences Ltd have now been listed.

    Kronox Lab Sciences Ltd IPO Details

    Initial public offering of 95,70,000* equity shares of face value of Rs. 10 each (Equity Shares) of Kronox Lab Sciences Limited (The Company or Issuer) for cash at a price of Rs. 136 per equity share (including a premium of Rs. 126 per equity share) (Offer Price) aggregating to Rs. 130.15 crores (Offer). The offer comprises an offer for sale of 31,90,000* equity shares aggregating to Rs. 43.38 crores by Jogindersingh Jaswal, 31,90,000* equity shares aggregating to Rs. 43.38 crores by Ketan Ramani and 31,90,000* equity shares aggregating to Rs. 43.38 crores by Pritesh Ramani (collectively, Promoter Selling Shareholders and such offer for sale by the promoter selling shareholders, Offer for Sale). The offer constituted 25.79% of the post-offer paid-up equity share capital of the company. The offer price is 13.60 times the face value of the equity shares. *Subject to finalisation of basis of allotment

    Objective of issue

    Funding working capital requirements of the company. General corporate purposes.

    Kronox Lab Sciences Ltd Contact Details

    Kronox Lab Sciences Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@kronoxlabsciences.com

    Website - www.kronoxlabsciences.com