Kronox Lab Sciences IPO share allotment expected on June 6: How to check status on NSE and KFin Technologies

Kronox Lab Sciences IPO share allotment: The basis of allotment of Kronox Lab Sciences is expected to be finalised on Thursday, June 6, after the company’s IPO closed with decent demand on the final day of bidding, the issue was subscribed 48.23 times. Non-Institutional Investors (NIIs) led the demand for Kronox Lab Sciences shares on the final day of bidding.

The speciality chemical maker launched its ₹130.15-crore initial public offer on Monday, June 3.

The subscription window for the Kronox Lab Sciences IPO closed on June 5 and bidders are now waiting for Kronox Lab Sciences to finalise the allotment of shares. The basis of allotment of shares is likely to be decided on June 6. Refunds will be initiated towards the accounts of unsuccessful bidders and shares will be credited in the demat accounts of successful bidders on Friday, June 7. Kronox Lab Sciences shares are likely to make their D-street debut on Monday, June 10.

Investors can check Kronox Lab Sciences share allotment status on the websites of the IPO registrar, Kfin Technologies Limited and the NSE:

Steps to check Kronox Lab Sciences IPO share allotment status on registrar website:

• Visit the registrar’s website Kfin Technologies using this link
• https://www.kfintech.com/
• Click on 'IPO Allotment Status'
• Five server links will be displayed here
• Click on any of the 5 links, you will be redirected to a new page
• Go to the 'IPO Allotment Status' section
• Select “Kronox Lab Sciences'' from the dropdown menu
• Type any one of these- Application Number/Demat Account/PAN.
• Enter the captcha and click submit
• Your share allotment status will now be shown on the screen

How to check Kronox Lab Sciences IPO share allotment on the NSE website?

• Visit the NSE IPO allotment status page using this link: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login using the username and login id received on mail
• (investors need to create username and password on the official website of NSE)
• Choose Kronox Lab Sciences IPO
• Type in your PAN details
• Type in your IPO application Number and click submit

Kronox Lab Sciences IPO subscription

The IPO of Kronox Lab Sciences saw strong demand on the final day of bidding and was subscribed 48.23 times, investors bid for 32.3 crore shares against 66.99 lakh shares offered for subscription.

The demand for Kronox Lab Sciences shares was led by NIIs, the issue was subscribed 121.41 times in the NII category, the issue received bids for 17.42 crore compared to 14.35 lakh shares reserved for the category.

Retail investors bid for more than 9.12 crore shares compared to the 33.49 lakh shares reserved for retail investors. The retail segment of the public issue was booked 27.23 times.

The qualified institutional buyers (QIBs) category was booked 30.07 times, as investors bid for 5.75 crore compared to 19.14 lakh shares set aside for the category.

Kronox Lab Sciences IPO objectives

Kronox Lab Sciences is carrying out the public issue because the company expects the listing of the company’s shares will increase its brand image and visibility.

About Kronox Lab Sciences

Kronox Lab Sciences, incorporated in 2008, is a manufacturer of specialty chemicals. The company is a maker of a wide variety of products and has 185 products in its portfolio. The company offers its products to customers in more than 20 countries worldwide. The Gujarat based company has three manufacturing facilities in Vadodara, Gujarat.

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