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KRONOX LAB

Kronox Lab Sciences specializes in the production of High Purity Specialty Fine Chemicals, catering to a diverse range of industries. These chemicals are essential as reactants in active pharmaceutical ingredients (APIs), excipients in pharmaceuticals, reagents in research, and components in nutraceuticals, biotech, agrochemicals, personal care products, and animal health products. They also serve as refining agents in metal refineries. The company’s offerings include chemicals in various grades, with particle sizes ranging from 10 mesh to 100 mesh.

Kronox Lab Sciences boasts a portfolio of over 185 products, such as phosphates, sulfates, acetates, chlorides, citrates, nitrates, nitrites, carbonates, EDTA derivatives, hydroxides, succinates, and gluconates. These products are distributed to customers in India and more than 20 other countries, including the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, the United Kingdom, Belgium, the United Arab Emirates, and China.

The company operates three manufacturing facilities in Vadodara, Gujarat, strategically located near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva. As of December 31, 2023, these facilities have a combined installed capacity of 7,242 tonnes per annum. On this date, the company employed 57 staff members (excluding trainees) and engaged 155 contract workers.

Kronox Lab Sciences IPO Details

Signature Global IPO Details
Kronox Lab IPO Dates
3 – 5 June 2024
Kronox Lab Issue Price
INR 129 – 136 per share
Fresh issue
NIL
Offer For Sale
95,70,000 shares (INR 123.45 – 130.15 crore)
Total IPO Size
95,70,000 shares (INR 123.45 – 130.15 crore)
Minimum bid (size)
110 shares (INR 14,960)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Kronox Lab Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

9M FY 2024

Revenue

62.46

82.25

95.58

67.69

Expenses

50.02

64.99

75.17

48.23

Net income

9.73

13.63

16.62

15.47

Margin (%)

15.58

16.57

17.39

22.85

Figures in INR Crore unless specified otherwise

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