Kronox Lab Sciences Ltd - IPO

Kronox Lab Sciences Ltd IPO Details

Initial public offering of 95,70,000* equity shares of face value of Rs. 10 each (Equity Shares) of Kronox Lab Sciences Limited (The Company or Issuer) for cash at a price of Rs. 136 per equity share (including a premium of Rs. 126 per equity share) (Offer Price) aggregating to Rs. 130.15 crores (Offer). The offer comprises an offer for sale of 31,90,000* equity shares aggregating to Rs. 43.38 crores by Jogindersingh Jaswal, 31,90,000* equity shares aggregating to Rs. 43.38 crores by Ketan Ramani and 31,90,000* equity shares aggregating to Rs. 43.38 crores by Pritesh Ramani (collectively, Promoter Selling Shareholders and such offer for sale by the promoter selling shareholders, Offer for Sale). The offer constituted 25.79% of the post-offer paid-up equity share capital of the company. The offer price is 13.60 times the face value of the equity shares. *Subject to finalisation of basis of allotment

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Kronox Lab Sciences Ltd Contact Details

Kronox Lab Sciences Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@kronoxlabsciences.com

Website - www.kronoxlabsciences.com