Kronox Lab Sciences IPO: Shares Surge Over 21% on Debut

Listing Price for Kronox Lab Sciences Shares: On Monday, the company’s shares went public at a price higher than 21% over the issue price of Rs 136. On the BSE, the shares opened trading at Rs 165, up 21.32% from the issue price.

Kronox Lab Sciences IPO

Kronox Lab Sciences IPO

Listing Price for Kronox Lab Sciences Shares: On Monday, the company’s shares went public at a price higher than 21% over the issue price of Rs 136. On the BSE, the shares opened trading at Rs 165, up 21.32% from the issue price. It went public for Rs 164.95 on the NSE, a surge of 21.28%. The market value of the business was 597.37 crore rupees.On the final day of bidding on Wednesday, Kronox Lab Sciences’ initial public offer received 117.25 times the subscription.

The offer was made for between Rs 129 and Rs 136 per share.

What work is done by Kronox Lab Sciences, Kronox Lab Sciences IPO

situated in Vadodara Speciality fine chemicals with great purity are made by Kronox Lab Sciences.

More than 185 compounds make up its line of high purity specialty fine chemicals. Pharmaceuticals, nutraceuticals, biotech, animal health, scientific research, agrochemicals, and personal care are among the industries for which the items are mostly utilized.

Over 20 countries are among the top export destinations for Kronox, including the US, the UK, Mexico, Australia, and Egypt.

Located in Vadodara, Gujarat, the firm operates three production facilities as well as a Research, Development, and Testing (RDT) laboratory. In addition, the business has purchased property in Gujarat’s Dahej to establish a new manufacturing facility.

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