Kronox Lab Sciences IPO Date, Price Band, Company Review & DRHP Details

Kronox Lab Sciences has filled out Draft papers to launch the IPO. The company will be raising around Rs. 150 crores with both fresh shares and Offer for sale. Here is Kronox Lab Sciences IPO Date, Price Band, and DRHP details. Kronox Lab Sciences deals in different products ranging from pharmaceuticals to nutraceuticals. We have discussed Kronox Lab Science IPO details along with last year’s profits below. The company will be using the money raised for further expansion. Kronox has seen around 16.2 percent growth in the company. Let us explore more about their upcoming IPO.

Kronox Lab Sciences IPO

Kronox Lab Sciences IPO Date, Price Band, DRHP Details Explained!

Kronox Lab Sciences is said to be one of the most prominent companies dealing in Neutraceuticals and pharmaceuticals. Apart from that, they conduct scientific research and testing for improvement in the healthcare sector. The company has recently filed draft papers for IPO to SEBI. The total fund raised will be Rs. 150 Crores. It will contain both fresh shares and the offer for sale.

There will be Rs. 45 Crores of Fresh shares issued along with Rs. 78 lakhs worth offer for sale equity shares. The draft was filled on 24 November 2023. The company is run by its promoters. The whole shares are divided among them in different ratios. These promoters are Pritesh Ramani, Joginder Jaswal, and Ketan Ramani. Ketan and Jaswal share around 34.99 percent of the company with Pritesh Ramani 30% and the rest with their family members.

How Gautam Singhania Nawaz Modi Divorce Impacting Raymond Group? Everything Explained!

The company will open the opportunity to invest for all the categories of investors. There will be 50% with Qualified Institutional Buyers, 15% with Non-Institutional Investors, and 35% with retail investors. If we talk about its profits Kronox made a revenue of Rs. 95.6 Crores from operations in the year 2022-2023. The after-tax profit is said to be Rs. 16.6 crores. The company has contributed a lot to the growth of the country’s economy. You would be able to buy stocks from both NSE and BSE.

The company has coverage in more than 20 countries. The estimations are that the company’s stocks have a high chance of performing well in the market. A company from Gujarat has already shown an interest in the investment. They are ready to invest Rs. 30.4 crores for the fresh equity shares. Kronox grew by 16.2% in their revenue last year. Some details about the IPO are yet to be revealed like face value, price of shares, and number of lots. Stay tuned for more information on our website.

Leave a Reply

Your email address will not be published. Required fields are marked *