What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Kronox Lab Sciences Limited IPO allotment date?

The basis of allotment for Kronox Lab Sciences Limited IPO is scheduled to be finalized on 6 Jun 2024.

Where can I check Kronox Lab Sciences Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 7 Jun 2024.

Kronox Lab Sciences Limited

ListedMainboard

Chemicals · NSE / BSE

Kronox Lab Sciences Limited, founded in 2008, is a leading manufacturer of high-purity speciality chemicals used in various industries like pharmaceuticals, biotech, agrochemicals, personal care, and animal health. The company offers 185+ products such as phosphate, sulphate, chloride, and EDTA derivatives, serving customers in India and over 20 countries including the USA, Australia, UK, and China. Kronox operates three manufacturing units in Vadodara, Gujarat with a total capacity of 7,242 TPA. Their facilities follow strict quality standards with certifications like ISO, FSSC, Kosher, Halal, GMP, and GLP. The company focuses heavily on research and development, working on 122 new products and serving 592+ customers in the last three years, with many returning for repeat orders.

Price Band

₹129 – ₹136

Issue Size

₹130 Cr

Lot Size

110 shares

GMP

₹28

+20.6%

Est. Listing

₹164

at current GMP

Subscribed

117.25x

overall

Open

3 Jun 2024

5 Jun 2024

Allotment

6 Jun 2024

Refund

7 Jun 2024

Demat Credit

8 Jun 2024

Listing

10 Jun 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Kronox Lab Sciences Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

6 Jun 2024

Basis finalization

Refunds Initiate

7 Jun 2024

Mandate release

Demat Credit

8 Jun 2024

Shares in demat

Listing Debut

10 Jun 2024

Trading begins

How to Check Kronox Lab Sciences Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Kronox Lab Sciences Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Kronox Lab Sciences Limited Public Issue & Market Profile

Kronox Lab Sciences Limited is bringing an initial public offering (IPO) in the Chemicals sector with an aggregate issue size of ₹130.15 Crores. The shares are offered at a price band of ₹129 to ₹136 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 110 shares (approx. ₹14,960 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-08, while un-allotted funds or UPI block mandates will be released on 2024-06-07.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.