10 Things to Keep in Mind Before Investing in the Upcoming Kronox Lab Sciences IPO
Invest seamlessly in the upcoming Kronox Lab Sciences IPO with HDFC Sky's One-Click Feature using UPI. Simplify your IPO investment experience and be a part of Kronox's growth story.
Factors to consider before investing in the Kronox Lab Sciences IPO:
Kronox stands out as a producer of high purity specialty chemicals in India, boasting a solid track record of expansion.
2. Varied Product Range
With a lineup of more than 185 products, the company serves various end user sectors, reducing risks associated with dependency on single markets.
3. Global Market Presence
Kronox ships its products to more than 20 countries globally granting it a footprint that shields it from local market fluctuations.
4. Seasoned Management Team
Backed by a team of professionals with experience in the specialty chemicals field, Kronox is well equipped for success.
5. Promising Growth Prospects
The anticipation of growth in demand for high purity specialty chemicals, fuelled by sectors like pharmaceuticals and agrochemicals, signals growth for Kronox in the future.
6. Robust Financial Performance
Kronox demonstrates stability through consistent revenue and profit growth over time.
7. Focus on Debt Reduction
They aim at utilizing part of the funds, from the IPO to decrease debt levels, enhancing well-being.
8. Growth Strategies
The company intends to utilize some of the funds raised from the IPO to enhance its production capabilities to keep up with the increasing market need for its offerings.
9. Focus on Innovation
The company is dedicated to funding research and development efforts with the aim to create products and explore new applications for its current product line.
10. Attractive Valuation
The IPO is being offered at a competitive price band, which makes it an attractive investment opportunity.
About Kronox Lab Sciences Limited
Kronox Lab Sciences is a manufacturer of high-purity specialty fine chemicals for diverse end-user industries. The company's products are used in a variety of applications, including manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products. The company offers a wide range of over 185 products and exports to over 20 countries worldwide.
Kronox Lab Sciences Limited IPO Details
· IPO Dates: June 3, 2024 to June 5, 2024
· Price Band: ₹129 to ₹136 per share
· Issue Size: ₹130.15 crore
· Lot Size: 110 Shares
Objectives of the IPO
The company plans to use the proceeds from the IPO for the following purposes:
· Repayment or prepayment of certain borrowings
· Funding working capital requirements
· Funding capital expenditure requirements for expansion
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