New Delhi: The stock markets went through some stomach-churning upheavals last week after the elections delivered a surprising result. However, after the shock plunge on June 4, the stock markets raced higher and clawed back all the losses. And that bodes well for the initial pubic offerings (IPO) in the pipeline. The massive U-turn indicates that investors and the wider financial world is unfazed by the election results and will continue to focus on what really matters – the data and numbers that companies are providing in terms of their performance. Notably, Kronox Lab Sciences IPO listing is set to happen today and the investing world will be watching what kind of reception it gets. Notably, the subscription, allotment and all the other processes are over and the only thing left is for Kronox Lab Sciences, which is a chemical company, to make its market debut today, Monday, June 10, 2024. On investors’ minds would be the likelihood of making great returns and an unofficial window hinting at that is the Kronox Lab Sciences IPO GMP today.
Kronox Lab Sciences IPO GMP is holding up in positive territory even though the fluctuations have been massive, but that can be put down to the market volatility last week due to the election results. The highest level the GMP reached was Rs 82 and the lowest was Rs 30. And now that the new NDA government has been sworn in without any problems at all, things are expected to get back to normal. Kronox Lab Sciences IPO was well-responded to by market participants. Kronox Lab Sciences IPO GMP was seen hovering around the Rs 33 mark till recently, but according to investorgain.com, today it has dropped slightly to Rs 28. Kronox Lab Sciences IPO price band was Rs 136 and if the GMP holds steady, it is estimated to debut in a positive manner at Rs 164.
The process of Kronox Lab Sciences IPO allotment was duly done by June 6 and the bidders accounts reflected the receipts by Friday. Kronox Lab Sciences refund process too was set in motion on time. Barring the debut on the exchanges, Kronox Lab Sciences IPO is in its last stage.
For those who interested, Kronox Lab Sciences IPO subscription started on June 3 and concluded on June 5 with every market participant – NIIs, QIBs, and retail investors – jumping on the IPO bandwagon.
Kronox Lab Sciences IPO subscription was 117.25 times with the non-institutional investors (NIIs) response registered at a high of 301.92 times, qualified institutional buyers (QIBs) was at 89.03 times, and the retail investors came in third at 54.23 times.
Importantly, the Kronox Lab Sciences IPO has no fresh infusion and it is only an offer-for-sale (OFS) that added up to a total of 95.7 lakh equity shares. Those shareholders offloading their shares will get the funds generated by the issue. These are the promoters: Jogindersingh Jaswal, Ketan Ramani, and Pritesh Ramani.
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Kronox Lab Sciences IPO listing today: investors should check Kronox Lab Sciences GMP ahead of the company’s market debut today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
