Kronox Lab Sciences IPO Allotment Today; Step-By-Step Guide To Check Status

On the last day of bidding, the Kronox Lab Sciences IPO saw a remarkable response from the investors with the issue getting oversubscribed 118.22 times led by non-institutional buyers (NII) who subscribed the issue 302.99 times. Qualified institutions (QIB) subscribed 89.03 times whereas Retail investors subscribed 55.72 times.

The company is looking to raise Rs 130.15 crore through the maiden share sale. The three-day IPO is entirely an offer-for-sale of 95.7 lakh equity shares by promoters Jogindersingh Jaswal, Pritesh Ramani and Ketan Ramani. It opened for subscription on June 3 and closed on June 5. The price band was set between Rs 129 and Rs 136 per share, with a minimum lot size of 110 shares.

The allotment for Kronox Lab Sciences IPO is expected to be finalised on Thursday, June 6.

Investors who bid for the IPO can check Kronox Lab Sciences IPO Allotment Status on the official website of the registrar for IPO, Kfin Technologies Limited and on the BSE website.

• Visit the Kfin Technologies website here: https://ris.kfintech.com/ipostatus/.

• Click on any of the links displayed to view IPO Allotment Status.

• Choose "Kronox Lab Sciences Limited" from the drop-down list. (Name will be populated once the allotment is finalised).

• Choose one of the three options: Application number, Demat Account number, or PAN ID.

• Enter your application number or PAN or DPID.

• Complete the 'captcha'.

• Click the "Submit" button.

• View your allotment details.

• Download/print the allotment status for your records.

• Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx

• Select the issue type as 'Equity.'

• Choose "Kronox Lab Sciences Limited" from the dropdown menu.

• Enter your application number or PAN (Permanent Account Number).

• Complete the 'Captcha' for verification.

• Click on the "Search" button to view your allotment status.

• Download or print the allotment status for your records.

The listing date for Kronox Lab Sciences Limited will be Monday, June 10, and the company's shares will be listed on Bombay Stock Exchange and NSE.

• IPO Open Date: Monday, June 3

• IPO Close Date: Wednesday, June 5

• Basis of Allotment: Thursday, June 6

• Initiation of Refunds: Friday, June 7

• Credit of Shares to Demat: Friday, June 7

• Listing Date: Monday, June 10

Investors who received shares of the company will have their demat accounts credited on June 7. The refund procedure will begin on Friday, as soon as the allotment is finalised.

Subscription Day 3:

• Total Subscription: 118.22 times.

• Institutional investors: 89.03 times.

• Non-institutional investors: 302.99 times.

• Retail investors: 55.72 times.

Subscription Day 2:

• Total Subscription: 24.57 times.

• Non-institutional investors: 52.92 times.

• Retail Investors: 24.52 times.

• Institutional Buyers: 3.39 times.

Subscription Day 1:

• Total Subscription: 11.10 times.

• Institutional investors: 1.11 times.

• Non-institutional investors: 19.97 times.

• Retail investors: 13 times.

Kronox Lab Sciences Limited, founded in 2008, specialities in chemical products that are used in a wide spectrum of industries for diversified uses like active pharmaceutical ingredients, pharmaceutical formulations, personal care, scientific research and testing, agrochemicals, biotech, animal health, and metallurgy, among others. Kronox has three manufacturing facilities and a research, development and testing laboratory in Vadodara, Gujarat. It had also acquired land in Dahej, Gujarat to set up a new manufacturing plant. The company exports to over 20 countries with major exports to the UK, the US, Mexico, Egypt and Australia among others.