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Kronox Lab Sciences Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Kronox Lab Sciences Ltd IPO

Registered Office: Block # 353 Village Ekalbara,Padra , Vadodara - 391440 , Gujarat , India.
Phone : +91 26 6224 4077/88   Fax:
Email :  cs@kronoxlabsciences.com  
Website :  www.kronoxlabsciences.com
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

Issue Money Payable On
Opens On Closes On Application Allotment
03-Jun-24 05-Jun-24 (Rs)136.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :110  Further Multiples of :110

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 130.15  
Post Issue Equity Share Capital 37.10  
Issue Price (Rs)136.00  
 
Projects
Funding working capital requirements of the companyGeneral corporate purposes
Promoted By
Jogindersingh Jaswal  
Ketan Ramani  
Pritesh Ramani  
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd