The Initial Public Offering of Kronox Lab Sciences Limited was fully subscribed in less than half an hour of opening led by strong demand from Retail and NII. Overall the issue was subscribed 11.10 times on the first day of bidding.
The issue received bids of 7,43,33,710 shares against the offered 66,99,000 equity shares, at a price band of ?129-136, according to the data available on the stock exchanges.
Non-Institutional Investors Portion and Retail Portion were subscribed 19.97 times and 13.00 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 1.11 times. The issue kicked off for subscription on Monday, June 3, 2024, and will close on Wednesday, June 5, 2024.
A day before the opening of the issue, Kronox Lab Sciences Ltd raised Rs 39.04 crores from anchor investors. Six foreign and domestic institutions who participated in the anchor were Money wise Financial Services Private Ltd, Negen Undiscovered Value Fund, Chanakya Opportunities Fund I, VPK Global Ventures Fund- VPK Global Ventures Fund-Scheme I, Capri Global Capital Limited, and Minerva Emerging Opportunities Fund Limited.
Pantomath Capital Advisors Private Limited is the sole book-running lead manager. The Company's equity shares are proposed to be listed on the BSE and NSE. |