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Kronox Lab Sciences IPO to open Jun 3; price band at Rs 129-136 per share
Speciality chemical company Kronox Lab Sciences on Wednesday said it has fixed a price band of Rs 129-136 a share for its initial share sale opening for public subscription on June 3.
The three-day initial public offering (IPO) will conclude on June 5 and the bid for anchor investors will open for a day on May 31, according to the Red Herring Prospectus (RHP).
The proposed issue is entirely an offer-for-sale (OFS) of 95.7 lakh equity shares by promoters Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.
At the upper end of the price band, the IPO size is estimated to be Rs 130.15 crore.
Vadodara-based Kronox is a manufacturer of speciality fine chemicals. Its products find application in a wide spectrum of industries for diversified uses such as pharmaceutical formulations, active pharmaceutical ingredients, biotech, scientific research and testing, personal care, agrochemicals, animal health, and metallurgy, amongst others.
It has three manufacturing facilities and a Research