Kronox Lab Sciences IPO Details
Issue Date
--
Price Range
₹129 - ₹136
Lot Size
110
IPO Size
₹130.15 Cr
Kronox Lab Sciences IPO Listing Details
Listing On
10 Jun'24
Issue Price
₹136
Listed Price
₹ ₹164.95
Retail Gain/Listing Gain
▲21.29%
Schedule of Kronox Lab Sciences IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
10/06/2024
Kronox Lab Sciences Limited IPO| Issue details| Price Band | Chemical Manufacturer
Kotak Securities
•1m 13s
About Kronox Lab Sciences Ltd
Kronox Lab Sciences manufactures high-purity speciality fine chemicals for diverse industries. These chemicals are used as reacting agents and raw materials for APIs, excipients in pharmaceuticals, scientific reagents, nutraceutical ingredients, biotech intermediates, agrochemical ingredients, personal care ingredients, refining agents in metal refineries, and animal health products.
With that, let's take a look at the competitive strength and risk factors for Kronox Lab Sciences Limited:
Kronox Lab Sciences Competitive Strength
Wide range of products finding applications in diversified end-user industries
The company’s products can be used across various industries like pharmaceuticals, scientific and laboratory research, nutraceuticals, biotech, agrochemicals, personal care, metallurgy and animal health. Over the years, the company has expanded their product portfolio to more than 185 products.
High entry and exit barriers
The company’s manufacturing process involves multi-step production and purification to produce fine chemicals. Given the nature of their applications, their processes and products adhere to established domestic and international standards and stringent customer specifications. As part of the detailed approval process by potential customers or their agencies/consultants, they must submit extensive documentation about their manufacturing facilities and other details, including processes, quality control measures, certifications, product specifications, quality standards, and regulatory compliances.
Zero debt company with strong and consistent financial performance
The company has experienced sustained growth in various financial indicators, including revenue and PAT, as well as consistent improvement in their balance sheet over the last three fiscals, with an increase in net worth. Their robust balance sheet, positive operating cash flows, and zero debt position enable them to fund strategic initiatives, pursue growth opportunities, and better manage unanticipated cash flow variations. Their financial strength provides a valuable competitive advantage, particularly with access to financing, which is critical to their business.
Kronox Lab Sciences Risk Factors
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Their products must meet domestic and international industry standards. Any deviation could lead to customer rejection and harm the company's reputation.
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If they fail to execute their strategy to expand their business or production capacity, their business and prospects may be materially and adversely affected.
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Their products are supplied in limited quantities for specific industries. Any demand reduction could result in loss of business and negatively impact their financial performance and condition.
Key Strategies
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Expand the product portfolio, increasing the supply of products to existing customers and tapping new customers in existing and new geographies.
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Expand the capacity for existing products and diversify into new products by setting up a new manufacturing facility.
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Explore newer applications for existing products and develop new products that are in synergy with current and future operations.
Kronox Lab Sciences Limited Key Financials
Here are the key financials for Kronox Lab Sciences Limited:
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How To Apply for Kronox Lab Sciences Ltd IPO?
Here are the steps to apply for Kronox Lab Sciences Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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Kronox Lab Sciences IPO FAQs
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