Kronox Lab Sciences IPO subscribed 118x times on Day 3

Kronox Lab Sciences IPO details: The initial public offering (IPO) of Kronox Lab Sciences—a manufacturer of high-purity speciality fine chemicals for diverse end-user industries—opened for subscription on Monday, June 3. Kronox Lab Sciences IPO is a book-built issue of Rs 130.15 crore. The issue is entirely an offer for the sale of 0.96 crore shares.

Kronox Lab Sciences IPO subscription status

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.

Here are the important dates of the issue:

Kronox Lab Sciences IPO open date: Monday, June 3, 2024
Kronox Lab Sciences IPO close date: Wednesday, June 5, 2024
Kronox Lab Sciences IPO allotment date: Thursday, June 6, 2024
Kronox Lab Sciences IPO listing date: Monday, June 10, 2024

Kronox Lab Sciences IPO price band, Kronox Lab Sciences IPO lot size 

Kronox Lab Sciences IPO price band is set at Rs 129 to Rs 136 per share. The minimum lot size for an application is 110 shares. The minimum amount of investment required by retail investors is Rs 14,960. 

Kronox Lab Sciences IPO

Pantomath Capital Advisors Pvt Ltd is the book-running lead manager of the Kronox Lab Sciences IPO, while Kfin Technologies Limited is the registrar for the issue.

What does Kronox Lab Sciences do?

Incorporated in 2008, Kronox Lab Sciences is a manufacturer of high-purity speciality fine chemicals for diverse end-user industries. Kronox Lab Sciences' High Purity Specialty Fine Chemicals are used in various applications such as manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products.

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