Kronox Lab Sciences IPO opens on June 3; here's what GMP hints ahead of subscription
₹129–136 per share. The IPO lot size will be 110 equity shares.
Kronox Lab IPO will close on Wednesday, June 5. Kronox Lab Sciences IPO garnered ₹39.04 crore from anchor investors on Friday, May 31.
A circular issued on the BSE states that Kronox Lab Sciences has finalized the distribution of 28.71 equity shares of ₹10 each, fully paid up to the anchor investors, for ₹136 per equity share (including a share premium of ₹126 per equity share).Also Read: Kronox Lab Sciences IPO: Firm mobilises ₹39.04 crore from anchor investors ahead of subscriptionAmong the anchor investors are Negen Undiscovered Value Fund, Chanakya Opportunities Fund I, Minerva Emerging Opportunities Fund Ltd, Moneywise Financial Services Ltd, Capri Global Capital, and VPK Global Ventures Fund.Specialty fine chemicals are produced by Kronox. Its products are utilized for a variety of purposes across a broad range of sectors, including biotech, pharmaceutical formulations, active pharmaceutical ingredients, metallurgy, agrochemicals, scientific research and testing, and personal care.In Vadodara, Gujarat, the company has three production facilities in addition to a Research, Development, and Testing (RDT) laboratory.
In order to establish a new production facility, the business has also purchased property in Dahej, Gujarat. More than 20 countries are among its top export destinations, including the US, the UK, Mexico, Australia, and Egypt.Retail investors are allocated 35% of the issue size, qualifying institutional buyers are allocated 50%, and non-institutional investors will receive the remaining 15%.Also Read: Kronox Lab Sciences IPO: From financials to key risks, here are 10 key things to know from RHP before subscribingLet's take a look at Kronox
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