Kronox Lab Sciences IPO allotment date: The initial public offering (IPO) of Vadodara-based Kronox Lab Sciences—a manufacturer of high-purity speciality fine chemicals for diverse end-user industries— concluded with an overall subscription of 118x times on Wednesday, June 5. Kronox Lab Sciences IPO shares are set to be listed on bourses NSE, BSE tentatively on Monday, June 10, after the finalisation of the allotment of shares on Thursday, June 6.

Kronox Lab Sciences IPO subscription status

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

According to provisional exchange data, Kronox Lab Sciences IPO's share sale received bids for 79,19,82,620 shares against 66,99,000 shares on offer, translating into a subscription of 118.22 times on Wednesday, the final day of the bidding process.

Category Subscription (No. of times the equity reserved)
Qualified institutional buyers  89.03
Non-institutional investors 302.99
Retail investors 55.72
Overall 118.22
Source: Exchange data

Kronox Lab Sciences IPO allotment: Here's a step-by-step guide on how to check the allotment status 

Those who participated in the Kronox Lab Sciences IPO can check the status of their application online in two ways: through the BSE website and through the website of the registrar. 

BSE

Step 1: Visit the official website of the BSE to check the status of the IPO application online. Login using the direct link: bseindia.com/investors/appli_check.aspx

Step 2: Select 'Equity' under 'Issue Type'

Step 3: Select 'Issue Name'. Either enter the application number in the box or provide your PAN details to proceed further and click 'submit'.

The status of your Kronox Lab Sciences IPO application status will appear on the screen.

Registrar Kfin Technologies

A bidder is required to log in at the direct Kronox Lab Sciences IPO website — kprism.kfintech.com/ipostatus and follow through to check the status of the IPO application online. 

Step 1: Log in at the direct Kfin Technologies website — kprism.kfintech.com/ipostatus

Step 2: Select-- Kronox Lab Sciences IPO

Step 3: Bidder then has to enter PAN details and click on the 'Search' option

The status of your Kronox Lab Sciences IP application status will appear on the screen

What does Kronox Lab Sciences do?

Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio has more than 185 products. The products are used mainly for applications across pharmaceuticals, nutraceuticals, biotech, animal health, scientific research, agrochemicals, and personal care, among others.

Kronox exports to more than 20 countries with major exports to the US, the UK, Mexico, Australia, and Egypt.

The company has 3 manufacturing facilities and a Research, Development and Testing (RDT) laboratory, situated in Vadodara, Gujarat. Additionally, the company has acquired land in Dahej, Gujarat to set up a new manufacturing plant.

(With PTI inputs)

For all other news related to business, politics, tech and auto, visit Zeebiz.com.