Kronox Lab SciencesLimited IPO
Kronox Lab SciencesLimited (KRONOX) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 June 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +73.7% (likely range +44% to +103%), day's high +85.5%, chance of a gain 97%. Actual: +21.3% at the open, +21.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 19,14,000 | 17,04,09,360 | 89.0x | |
| NII (HNI) total | 14,35,500 | 43,49,39,340 | 303x | |
| Big NII (above ₹10 lakh) | 9,57,000 | 30,84,06,670 | 322x | |
| Small NII (₹2-10 lakh) | 4,78,500 | 12,65,32,670 | 264x | |
| Retail | 33,49,500 | 18,66,33,920 | 55.7x | |
| Total | 66,99,000 | 79,19,82,620 | 118x |
Bids on NSE and BSE together, as published by NSE, as of 05 Jun 2024, 07:00 PM. Shares offered exclude the anchor portion. 21% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Kronox Lab SciencesLimited's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
| SRM ContractorsMar 2024 | 59.6x | 215x | 47.0x | 86.6x | ₹130 Cr | +2.5% | +7.6% |
| Sigachi IndustriesNov 2021 | 86.5x | 172x | 80.5x | 102x | ₹125 Cr | +249.7% | +267.2% |
| Chemcon Speciality ChemicalsSep 2020 | 114x | 449x | 41.2x | 149x | ₹318 Cr | +115.0% | +115.1% |
| Easy Trip PlannersMar 2021 | 77.5x | 382x | 70.4x | 159x | ₹513 Cr | +13.5% | +25.1% |
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Pantomath Capital Advisors | 19 | +20.0% | 79% |
Offer documents (NSE)
Frequently asked
What is the Kronox Lab SciencesLimited IPO price band and lot size? ₹129–136 per share, with a lot of 110 shares, so the smallest retail bid is ₹14,960.
How many times has it been subscribed? 118x overall: QIB 89.0x, NII 303x, retail 55.7x.
How did it list? It opened at ₹165, +21.3% against the issue price of ₹136, and closed its first day +17.1%.
