IPO News: Navigate towards Kronox Lab Sciences IPO, Key Dates, Listing Price, GMP, and more
About KRONOX Lab Sciences Ltd
Kronax Lab Sciences Ltd specializes in producing High Purity Fine Chemicals, Inorganic Chemicals, Phosphates, and Metallic Chemicals. The creation and production of these products have been key to our achievement in offering innovative and cost-effective solutions for the domestic and global markets. Boasting a sizable manufacturing facility, state-of-the-art Quality Control measures, and a cutting-edge Research and Development Department, KRONOX Lab Sciences Ltd. is equipped to manufacture high-purity fine chemicals at its premises in Padra, Baroda, Gujarat, India.
Kronox Lab Sciences IPO Key Dates
IPO News: The date for Kronox Lab Sciences IPO has been set for June 10, 2024, which is today. The BSE website has confirmed that starting from Monday, June 10, 2024, Kronox Lab Sciences Limited’s equity shares will be made available for trading on the Exchange, included in the ‘T’ Group of Securities. Given the positive reception from investors in India’s primary market, there’s a high expectation for a significant demand for Kronox Lab Sciences’ shares in the secondary market.
Market analysts are optimistic about the potential success of Kronox Lab Sciences IPO. Stock analysts note that Kronox Lab Sciences Limited’s shares are currently trading at a premium of ₹31 in the grey market. They also anticipate that the shares could range from ₹155 to ₹160 each.
Kronox Lab Sciences IPO Listing Price Prediction
Discussing the potential benefits of Kronox Lab Sciences going public, Arun Kejriwal, the founder of Kejriwal Research and Investment Services, mentioned,
“The public issue received a strong response by the primary market investors, but we shouldn’t forget that the issue size was tiny in comparison to a general mainboard IPO. The stock will be listed in the trade-to-trade category, which means the stock may not have a higher volume post-listing. So, I believe the stock may have a strong debut but not much movement post-listing.”
Ventura Securities explained the robust initial excitement by stating, “The market for high-quality specialty chemicals is anticipated to see consistent expansion because of increasing needs across different sectors. Kronox’s wide array of products, solid clientele, and emphasis on excellence put them in a favorable position to take advantage of this opportunity.”
Regarding the potential listing range for Kronox Lab Sciences IPO, Arun Kejriwal mentioned, “The stock could debut with a premium of between ₹20 and ₹25, as the sentiment in the secondary market has improved following three consecutive positive days.”
Kronox Lab Sciences Limited’s IPO GMP Today
Stock market analysts believe that Kronox Lab Sciences Limited’s shares are being traded at a higher price in the unofficial market today, with a premium of ₹31. The unofficial market anticipates that Kronox Lab Sciences IPO price will likely be set at ₹167.
In conclusion, KRONOX Lab Sciences’ IPO marks a significant milestone, reflecting the company’s robust manufacturing capabilities and commitment to quality in the specialty chemicals sector. With a strong start on the BSE and positive market sentiment, the company is well-positioned to leverage its innovative solutions and meet the growing demand in both domestic and international markets. The anticipation of a favorable performance in the secondary market underscores the confidence investors have in KRONOX’s future prospects.
